Page 36 - India's 10 Best Tour Arranging Companies For 2019
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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.
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