Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

Easy Trip Planners Limited to acquire Traviate - India's First B2B Travel Marketplace

Posted On: 2021-10-28 15:13:48 (Time Zone: IST)


Easy Trip Planners Limited has entered into a non-binding agreement with the Traviate Online Private Limited (Investee Company) for acquisition of Investee Company, who is a Travel B2B marketplace. The proposed acquisition will provide Easy Trip Planners Limited access to exploring new opportunities in the Travel sector and to achieve the targets and promoting the same industry. This acquisition is subject to finalization of definitive agreements, customary closing conditions and other necessary approvals, as may be required.

Founded in 2016, Traviate is India's First Travel B2B marketplace that allows B2B channelTravel Agents, Hotels, Tour Operators, DMCs and other players in the Travel ecosystem to connect and transact amongst each other. This is facilitated by a strong suite of tech tools powering B2B channel to optimize their daily operations, build a robust supply while offering their customers a better user experience.

Traviate has built a robust and scalable technology listing more than 1.2 million properties and has enabled more than 2 Lakh transactions to date. In 2018, Traviate joined hands with the Travel Agents Federation of India (TAFI) for the launch of TAFIConnect - a platform powered by Traviate's technology that allowed TAFI membership to connect and transact with each other. This increased the ease of business between the members while allowing them to consume travel content from multiple offline and online suppliers and manage their operations much more efficiently.

Even today, 70% of hotel inventory is sold by the B2B channels where the wave of digital innovation is starting to gain momentum and Traviate's technology and leadership in the B2B travel marketplace, puts it at the right place to ride that wave.

Shares of Easy Trip Planners Limited was last trading in BSE at Rs. 468.60 as compared to the previous close of Rs. 479.65. The total number of shares traded during the day was 32775 in over 2431 trades.

The stock hit an intraday high of Rs. 490.00 and intraday low of 460.05. The net turnover during the day was Rs. 15390423.00.


Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

MyGov India & Chingari App discuss major digital transformations for the nation at Azadi ka Digital Mahotsav

Tata Elxsi recognized as a 'Leader' and specialized ER&D Service Provider across multiple industries in Zinnov Zones 2021 annual ratings

Industrial Investment Trust Limited to sell stake in Future Generali India Life Insurance Company Ltd

CEBBCO receives order for supply of ISO Containers

Karnataka Bank partners with Toyota Kirloskar Motor Private Limited to extend retail vehicle finance support to its customers

Prakash Industries Limited's surplus land attached by ED

HDFC Securities guides in securing the investors' financial future with InvestPlus!

Tata Steel deploys its first Bio-Fuel powered ship for imported raw material transportation

Radhe Developers India Ltd board approves rights issue

GSS Infotech Limited acquires 100% of "farm to store" company Polimeraas with a combination of stock and cash

Indo Count Industries Ltd to acquire Home Textile business of GHCL Ltd

ICRA upgrades rating of Suryalakshmi Cotton Mills Ltd

Wipro and Celonis Launch Supply Chain Command Center Solution

Impex Metal & Ferro Alloys Ltd commences manufacturing of ferro-alloys

Tata Motors to increase prices of its commercial vehicles from 1st January 2022

Gian Life Care Ltd to enter into agreement with KCJ Diagnostic and Research Center

Bloom Industries Limited gets approval for listing of shares allotted in preferential issue

Deep Polymers Ltd allots 2 lakh shares, 10,90,000 warrants

Parsvnath Developers Ltd updates on allotment of commercial plot in Greater Noida

Tata Power and IIT Madras to collaborate on R&D, Consultancy, Advocacy, Training and Technology Solutions

Inox Green Energy Services Ltd to raise funds through IPO

Repair Operations at Rudrapur MDF plant of Greenpanel Industries Ltd has been extended

Kirloskar Electric Company Ltd seeks extension of partial lay-off period of 38 workmen

TCS Wins the CII Industrial IP Award 2021 for Best Patents Portfolio

Parag Milk Foods Ltd's application under PLI scheme approved

Hi-Klass Trading and Investment Ltd fixes Dec 24, 2021 as record date for stock split

MPS Limited fixes Dec 17, 2021 as record date for buyback

RKFL wins recent Biggest Domestic order worth INR 720 Million for MHCV segment

Happiest Minds is among India's Top 25 Best Workplaces in IT & IT-BPM 2021

BCL Industries Ltd allocated to supply upto 4.10 crore litres of Ethanol

Sonata Software recognized for its market-leading capabilities in Microsoft Dynamics 365

RattanIndia's Revolt Motors expands its retail outlet in Southern India

Godrej Properties to develop a luxury residential project in Delhi through a Joint venture with TDI Group

PTC India Financial Services Limited to get around Rs 125 Crore as part of the resolution of ITPCL

Anjani Portland Cement Limited receives demand notice for Rs. 16.71 crore from power distribution company

India's biggest annual conference on eye surgery IIRSI 2021 inaugurated

Brightcom Group Ltd to consider shares allotment for acquisition

Alankit Ltd board to consider fund raising on Dec 8, 2021

GSS Infotech Ltd approves fund raising, acquisition proposal

Bank of India unveils 'Azadi ka Amrit Mahotsav' at all its branches across India

Nxtdigital Ltd approves allotment of 96,20,463 Rights Equity Shares

IITL - Nimbus The Palm Village surrenders unutilized land to YEIDA

Carborundum Universal Ltd subsidiary to acquire company in Germany

Polo Queen Industrial and Fintech Limited updates on new project

Arihant Capital Markets Ltd to divest SPA Electrum Portfolio Managers Ltd

Yash Innoventures Ltd purchases land at Kolet, Sanand to carry out Residential Plotting Scheme

H G Industries Ltd becomes subsidiary of Greenlam Industries Limited

Steelcast Ltd announces Long-term Supply Agreement with large OEM for North American Rail-Road Industry

Sangam India Ltd forms subsidiary

Cheviot Company Ltd board approves buyback at Rs. 1725 per share


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020