Page 36 - India's 10 Best Tour Arranging Companies For 2019
P. 36
and vendors. to $15 billion by 2021 & $35
A Thought Paved the Way billion by 2025.
It was the summer of 2010 when A multi-billion Hence, a multi-billion dollar
three childhood friends – Sanchit “ opportunity lies ahead for India’s
Garg, Prabhat Gupta, and Sankalp leading online holiday marketplace
Agarwal – took a trip to Leh. lies ahead for like us. In fact, it is a great time
Though it was a nice experience, India’s leading to be in the industry where India’s
the trio found out on interacting domestic and outbound holidays
with other travellers that there online holiday are growing, and our highly curated
were immense discrepancies in marketplace marketplace model is able to serve
the travel package costs. Different both travellers & travel agents.
travel agents were offering similar Dating back to the Beginning
packages at different prices. They Our Journey: Founded in 2011,
dollar opportunity “
felt cheated and decided to change data analytics will help build a TravelTriangle had already
the way the travel agents operated. recommendation engine. The generated revenue of INR 1.2
Painting the Future Picture company is also looking to expand crores within the first 7 months
The journey of TravelTriangle to newer destinations across of operations. By May 2016,
in the next few years is going to different geographies. TravelTriangle had already
be very exciting, to say the least, Embracing Growth become Contribution Margin Net
with some noteworthy changes The travel industry is on a rapid Marketing (CMNM) positive
in our product including product growth curve, with the Indian in 6 geographies, along with
automation and implementation domestic travel market expected reaching INR 200 Crore GMV. As
of AR. Artificial intelligence & to grow at the rate of 11 to 11.5 of March 2019, the company is
machine learning will be used to percent to about $48 billion by generating an annualized GMV of
further strengthen the customer the year of 2020. The outbound INR 800 Crores with operational
interaction layer, while the holidays too are expected to grow profitability.