Paytm’s travel marketplace inching closer to dominating travel sector

Paytm’s travel marketplace inching closer to dominating travel sector

Paytm now offers the complete range of travel bookings that include air, bus, train tickets and hotel bookings. The company has also emerged as India’s biggest private B2C player in train tickets segment within months of launch.

With over ten million travel tickets booked, online payments and e-commerce marketplace paytm is fast becoming the preferred destination for travellers to plan their trips. Paytm now offers the complete range of travel bookings that include air, bus, train tickets and hotel bookings. The company has also emerged as India’s biggest private B2C player in train tickets segment within months of launch.

In January 2017, the company’s travel vertical crossed USD 500 Million in annualised GMV. Paytm is aiming to quadruple the growth rate by the end of the current financial year.b “We are encouraged by the positive response to our foray into the travel business, particularly in the train and air ticket segments which were launched only towards the end of 2016. This year we plan to further accelerate our growth and firmly establish ourselves as a dominant player in the online travel market,” said Abhishek Rajan, Vice President, Paytm.

“To catalyse our growth, we are currently ramping up our team in Bangalore and looking to hire over 100 members across Technology, Operations and Business functions,” added Rajan. Paytm is the first horizontal e-commerce major to enter into travel operations, a domain that has hitherto been dominated by vertical players. The company has chosen Bengaluru as the base of operations for its travel marketplace.

 

News Source: ANI

You might also like

Slider

Vistara launches hackathon for aviation sector in order to address challenges related to aviation sector

The idea behind it is to basically address problems in the areas like tracking traveller behaviour and personalisation, amongst other challenging aspects. The Hackathon is being held in partnership with

Slider

India needs Rs. 3-4 lakh crore investment in aviation says Aviation Minister

India would need Rs. 3-4 lakh crore investment in aviation infrastructure in the next 10-15 years to reach 50 crore passenger trips, like China and the US, said the Minister

Destinations

Holidays for Healing In Taiwan: Tea Trails and Celebrations

Acknowledging the Indian love for a good cup of tea, Taiwan Tourism Bureau has included a series of tea-centred celebrations and holidays as part of the ‘Holiday for Healing’. These