Dhruv Shringi

International visitor spending in India in 2023 was 14% below pre-pandemic levels. UPI One World wallet eliminates the need for international travelers to carry currency, and could boost tourism spending in India. https://hubs.li/Q02Jlx_K0

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Cleartrip has increased its media investment by 15–20% to strengthen its digital strategy and enhance travel experiences for customers. Following the pandemic, there has been a rise in demand for weekend getaways among Indian travelers, prompting the launch of the third edition of Cleartrip's Big Billion Day (BBD) campaign, which features attractive travel deals. The increase in media spending is primarily directed toward digital platforms. Additionally, the company's newer segments, such as bus services and train travel, are experiencing notable growth, while efforts are being made to personalize hotel offerings to better align with changing consumer preferences. #TravelTrends #DigitalMarketing #WeekendGetaways #BusTravel #HotelBookings #BigBillionDay #TravelExperience #TravelIndia #Startup77

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How this startup is growing 10 times by offering Best On-Ground Travel experiences. TravClan, started by Arun Bagaria , Chirag Agrawal, and Ashish Thapliyal in 2018, has changed the way travel agents sell and deliver holidays. Globally travelers have been unhappy due to insufficient on-ground support and subpar customer experience. Recognizing this significant gap, this startup provides the best experience to customers during their travel at the touch of their fingertips. How is TravClan delivering its promise? Customers rely on travel agents to save time and have a hassle-free experience booking travel services. TravClan enables travel agents to book travel products - flights, hotels, & holiday packages on its portal. Travclan provides on-ground support, streamlines operations, and brings customers, agents, cab operators, and activity providers all on a single platform to deliver the best service. They ensure that every aspect of the traveler's journey is covered, from seamless pickup and drop-off to smooth hotel check-ins, and offering unique experiences throughout the trip. #successstory

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🚀✨ Exciting times at The Comfy Travel! We had an enlightening conversation with Shivani Mathur, Co-founder, who shared how their startup is transforming the travel industry with bespoke holiday packages and personalized service. 🌍✈️ The Comfy Travel’s dedication to crafting stress-free, affordable journeys sets them apart, handling every detail from flights to cruises. Shivani highlighted the tremendous growth opportunities in India’s travel sector and their commitment to blending technology with a personal touch. Discover how they’re redefining travel experiences and driving industry innovation. Read the full interview for a deep dive into their success story! #Travel #Innovation #CustomerExperience #TravelTech Alok Nayak Shakti Singh

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✨ Check out the recent interview of our co-founder. This interview dives deep into what we do at The Comfy Travel 🛫🌍 , our goals, and what makes us unique in the industry. A big thank you to The Interview World for conducting & sharing this engaging interview. We appreciate the opportunity to highlight our journey & passion that drives us. Co-Founders: Shivani Mathur | Muskan Agarwal #Travel #CustomerExperience #HumanTouch #StressFreeTravel #OurJourney #StartUp #TheInterviewWorld

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🎯Stay ahead of the curve with travel insights 💡Learn how ASTA fights for traveler-friendly policies️ 💲Discover how ASTA membership can help boost your sales From travel advocacy to trends, to pro tips for selling travel, don’t miss out on industry insights to level up your game! See you tomorrow at 12 pm ET! #ASTA #TravelAgent #TravelIndustrySolutions

𝐍𝐞𝐰𝐬 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐟𝐨𝐫 𝟏𝟎𝐭𝐡 𝐉𝐮𝐧𝐞 𝟐𝟎𝟐𝟒 1. ixigo 𝐫𝐚𝐢𝐬𝐞𝐬 𝐑𝐬 𝟑𝟑𝟑 𝐂𝐫 𝐟𝐫𝐨𝐦 𝐚𝐧𝐜𝐡𝐨𝐫 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 𝐚𝐡𝐞𝐚𝐝 𝐨𝐟 𝐈𝐏𝐎   LE TRAVENUES TECHNOLOGY PRIVATE LIMITED, the parent company of travel booking platform Ixigo, has offered shares worth Rs 333 crore ($40 million) to anchor investors as part of its IPO. The board has approved the allocation of 3,58,11,405 equity shares at Rs 93 each. Major anchor investors include SBI Capital Markets, HDFC Bank, and Morgan Stanley. The IPO runs from June 10-12, 2024, with a price band of Rs 88-93 per share. 2. Hero MotoCorp 𝐢𝐧𝐯𝐞𝐬𝐭𝐬 𝐑𝐬 𝟏𝟐𝟒 𝐂𝐫 𝐢𝐧 Ather Energy   Hero MotoCorp approved buying an additional 2.2% stake in Ather Energy for Rs 124 crore ($15 million), its third investment in nine months. Previously, in December, Hero acquired a 3% stake for Rs 140 crore ($16.8 million), increasing its holding to 39.7%. Ather's FY23 revenue surged 4.36X to Rs 1,784 crore, while losses grew 2.5X to Rs 864.5 crore. Ather held a 9.45% market share in May.   3. 𝐒𝐩𝐞𝐜𝐢𝐚𝐥𝐢𝐭𝐲 𝐜𝐡𝐞𝐦𝐢𝐜𝐚𝐥𝐬 𝐬𝐭𝐚𝐫𝐭𝐮𝐩 Scimplify 𝐭𝐨 𝐫𝐚𝐢𝐬𝐞 $𝟓 𝐌𝐢𝐥𝐥𝐢𝐨𝐧   Scimplify, a B2B platform for specialty chemicals, is raising $5 million led by Omnivore, with existing backers also participating. This comes six months after raising $3.67 million in a seed round from 3one4 Capital and BEENEXT. Founded by Salil Srivastava and Sachin Santhosh, Scimplify operates across the product life cycle in industries such as pharmaceuticals and agrochemicals. The deal, valuing Scimplify at $20-25 million, will support expansion to 20 countries and four new chemical categories. 4. 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐦𝐚𝐫𝐤𝐞𝐭𝐢𝐧𝐠 𝐚𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧 𝐬𝐭𝐚𝐫𝐭𝐮𝐩 Maino.ai 𝐫𝐚𝐢𝐬𝐞𝐬 $𝟏.𝟖 𝐌𝐢𝐥𝐥𝐢𝐨𝐧   Digital marketing technology firm Maino.ai has raised Rs 15 crore ($1.8 million) led by IndiaQuotient, with participation from angel investors 𝐊𝐚𝐫𝐚𝐧 𝐁𝐞𝐝𝐢, 𝐉𝐚𝐧𝐡𝐚𝐯𝐢 𝐏𝐚𝐫𝐢𝐤𝐡, and others. The funds will expand teams in technology, product development, design, and strategy. Founded by Abhijeet Kunwar, Rishabh Kumar, and Vikas Keshri, Maino.ai uses AI and ML to provide an automated martech platform. The company has gained traction across sectors like media tech, D2C, hospitality, and edtech. 𝐅𝐨𝐥𝐥𝐨𝐰 Corporate Valuations 𝐟𝐨𝐫 𝐦𝐨𝐫𝐞 𝐬𝐮𝐜𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 #newhighlight #newsupdates #InvestmentNews #funds #Funding #Seedfunding #Valuations #BusinessValuation #BusinessGrowth #Investments #EconomicGrowth #CorporateValuations #BusinessFinance #valuationservices

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The Booming🚀 Business Travel Industry in India India's travel industry, particularly the business travel segment, is experiencing rapid growth📈. Driven by economic expansion and evolving business dynamics, the sector is poised for significant growth in the coming years. The Indian 💼business travel market is a substantial contributor to the overall economy🌍. With increasing business activity and a growing middle class, the demand for corporate travel is on the rise. The sector is estimated to reach a value of US$ 55.2 billion by 2027, indicating a robust CAGR of 8.1% during 2022-2027. Several factors are propelling the growth of the Indian 🇮🇳 business travel market: Economic Expansion: A thriving economy leads to increased business activities and travel requirements. Rising International Travel: Expanding business horizons necessitate international travel, boosting the market. Growth of Low-Cost Carriers (LCCs): Affordable air travel options contribute to increased business travel. India as a Business Hub: The country's emergence as a global business destination drives corporate travel demand. Blend of Business and Leisure: The trend of "bleisure" travel is gaining popularity, influencing business travel patterns. The future of business travel in India appears promising. By adopting innovative strategies, focusing on customer satisfaction, and aligning with sustainable practices, the industry can capitalize on its growth potential and contribute significantly to the nation's economy. Kuruma Travels unwavering commitment 🤝 to technology and exceptional 🙏 customer service sets us apart. Contact us 📲 to explore how we can elevate your travel journey. Call / What’s app - 8588895115 ✅Follow Kuruma Travels ✈️ 🛍️🌞🏝️ #ElectricVehicles #SustainableTravel #TravelGreen #KurumaTravels #GreenTransportation #followus #letsconnect #MobilitySolutions #linkedin #travelindustry #tourism

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🌟 Case Study: Ritesh Agarwal and OYO Rooms 🌟 🚀 At just 19 years old, Ritesh Agarwal identified a gap in India's hospitality sector and founded OYO Rooms. His vision to standardize budget accommodation has reshaped the industry globally. 🔍 Problem Statement: Travelers faced inconsistent quality and service in budget hotels. 💡 Solution: Ritesh introduced OYO Rooms, partnering with hotels to provide standardized amenities and reliable stays through technology. 🌍 Impact: OYO's growth extends beyond India, disrupting global hospitality with affordable, quality stays. 📈 Achievements: Recognized on Forbes 30 Under 30 Asia and CNBC TV18's Young Business Leader. 🔑 Key Takeaways: Innovation, customer focus, and leveraging technology are crucial for scaling businesses in competitive markets. Let's discuss how OYO's model can inspire your industry strategies! How do you prioritize innovation in your business? #Entrepreneurship #Hospitality #Innovation #BusinessSuccess #Leadership #TechStartup #OYORooms #TravelTech #CustomerExperience #GlobalExpansion #Innovation #Leadership #Technology #FutureOfWork #Marketing #Entrepreneurship #Business #Startups #Management #Success #DigitalTransformation #AI #Career #Jobs #RemoteWork #Sustainability #HR #Finance #Diversity #WorkplaceCulture #Learning #Productivity #CustomerExperience #Networking #Data #Blockchain #Cybersecurity #SocialImpact #Ecommerce #Healthcare #Strategy #Motivation #SmallBusiness #Sales #Growth #InnovationManagement #AIandML #DigitalMarketing #CloudComputing #BigData #CustomerService #Teamwork #Collaboration #Entrepreneur #BusinessDevelopment #BusinessStrategy #Analytics #DataScience #MachineLearning #DeepLearning #TechTrends #Agile #LeadershipDevelopment #ProjectManagement #ChangeManagement #EmployeeEngagement #Talent #CareerGrowth #WorkLifeBalance #PersonalDevelopment #Inspiration #Workplace #Training #Skills #WorkFromHome #LeadershipSkills #Future #SuccessMindset #MarketingStrategy #SEO #ContentMarketing #SocialMediaMarketing #Branding #Advertising #CustomerSuccess #B2B #B2C #InnovationStrategy #TechNews #IT #DevOps #Programming #SoftwareDevelopment #StartUpLife #EntrepreneurLife #Founder #Investor #VentureCapital #BusinessGrowth #Economy #RemoteJobs #JobSearch #Hiring #Recruitment #HumanResources #HRTech #EmployeeExperience #CorporateCulture #WorkCulture #WorkplaceDiversity #InclusiveWorkplace #GreenBusiness #ClimateChange #CSR #Nonprofit #SustainableBusiness #EthicalBusiness #ImpactInvesting #FutureTech #SmartTech #IoT #ArtificialIntelligence #Robotics #AR #VR #MixedReality #QuantumComputing #5G #EdgeComputing #DigitalEconomy #FinTech #InsurTech #RegTech #EdTech #HealthTech #PropTech #LegalTech #MarTech #TravelTech #FoodTech #CleanTech #AgTech #SpaceTech #Biotech #MedTech #Energy #RenewableEnergy #GreenTech #CircularEconomy #SmartCities #UrbanMobility #Transportation

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🌍 The Travel Trade is Evolving! 🌍 Customers are increasingly turning to online platforms for flight bookings, making it essential for travel agents to adapt. By creating their own online travel portals, agents can compete effectively and remain the preferred choice for clients, family, and friends. TravelWebsite.in empowers travel agencies across India to launch their own online portals. Our solution is affordable and proven—just ₹20 a day! Many travel companies are already using our system profitably. Why choose us? Proven Success: Numerous agencies are thriving with their own portals. Supplier Flexibility: Agents can integrate APIs from their preferred suppliers. Future-Ready Tech: We equip agents with the latest tools to stay relevant. Our mission: keep travel agents at the forefront of the digital age. Ready to elevate your business and reach a new generation of travelers? Let’s make it happen!

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The post-pandemic recovery in India's inbound tourism is lagging the globe while outbound tourism is faring better with India above its pre-pandemic levels. The picture is rosier when it comes to foreign exchange earnings (FEE), which are above the pre-pandemic numbers. Discover the full analysis and trends in our latest Sector Vector report. #CRISIL #Tourism #SectorVector #PrePandemic

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[MMT Appreciation Post] - MakeMyTrip’s Acquisition of Happay from Cred – My Take Cred saw travel as a natural extension of its business (overlapping customer segments) and acquired Happay to expand its offerings. Worth noting, Happay’s largest shareholder at the time was Sequoia (32%), which also backs Cred. Sequoia’s first investment in Happay dates back to 2015, so the 2021 acquisition likely had multiple layers at play. Happay didnt succeed in vertically integrating expense and travel management (TMC). Instead, they became a go-to expense solution partner for many TMCs. Here’s where things got interesting: Travel and expense management is all about 1) inventory 2) operational intensity 3) low margins. Points 2 and 3 didn’t align with Cred’s DNA—personal lending operates at a juicy 30%+ gross margin, while travel management hovers around 6–8%. and they strength was more prod + brand and not hardcore ops (aka swiggy/zomato). Meanwhile, MakeMyTrip was quietly strengthening its enterprise game. They acquired Quest2Travel during the pandemic (talk about timing!) and also re-wrapped their B2C product as MyBiz for solopreneurs, CAs, SMEs. The missing link for enterprise customers? Expense management. Happay acquisition—brilliantly filling that gap. Those who know me know how much respect I have for MMT as a brand. Integrating acquisitions isn’t easy, yet they’ve successfully managed Goibibo, RedBus, Quest2Travel, Savaari, and now Happay. It’s also no secret that MMT has been lucky—no one in India has truly challenged them (Yatra or Cleartrip could’ve really given them a run for their money, or oyo could have nailed alternate acco). But guess, luck is hard work translated to glory :) the quality of MMT's execution is immense and no wonder they will nail this too. Personally, as an outsider, I’ve always had incredible support from MMT folks whenever I’ve had industry questions. They’re not just big—they’re big-hearted too. Watching them build a travel behemoth is inspiring to say the least! If you’re thinking long-term investments, I’d buy their stock in a heartbeat (and no, Pickyourtrail isn’t raising right now, in case you’re wondering ;P) PS: completely personal take, no affiliations to employer or investors. congrats Bhavin Modi 🇮🇳 more power to you and the team! Pickyourtrail

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🚀 **The Rise of Quick Commerce in India: A Double-Edged Sword?** 🛒 As quick commerce rapidly gains traction in urban India, offering unparalleled convenience with lightning-fast deliveries, it’s transforming the way we meet our daily needs. But while this trend is booming in cities, it brings with it a set of challenges that could have far-reaching socioeconomic impacts. 🧩 **Urban vs. Rural Dynamics**: While urban dwellers increasingly rely on quick commerce, around 68% of India’s population resides in rural areas, where community-based support systems are still prevalent. In villages, small needs are often met by simply knocking on a neighbor's door, a practice rooted in strong social ties. 💼 **Economic Inequality**: As quick commerce companies push for profitability by developing their own brands, they might turn to cost-cutting measures, including hiring low-wage workers. This could widen the gap between the rich and the poor, threatening the growth of the middle class and exacerbating income inequality. 🏪 **The Role of Dark Stores**: Dark stores—warehouses dedicated to fulfilling online orders—are crucial to the quick commerce model. However, there's potential to optimize their role further by integrating them with local supply chains, particularly in agriculture, to ensure fairer pricing for farmers. 🌾 **Agriculture at a Crossroads**: One of the biggest concerns is the growing gap between the prices farmers receive and the market prices consumers pay. This disparity, coupled with the declining interest in farming among rural youth, poses a significant threat to the future of agriculture in India. If this trend continues, we might face a shortage of farmers, leading to reduced agricultural production and higher food prices. 🔍 **Looking Ahead**: While quick commerce offers many benefits, it’s crucial to address these challenges to ensure that its growth contributes positively to the broader economy and society. Balancing the needs of urban and rural populations, supporting fair wages, and ensuring the sustainability of agriculture will be key to achieving this balance. What are your thoughts on the rise of quick commerce and its potential impact on India’s socioeconomic landscape? #QuickCommerce #Ecommerce #India #Agriculture #EconomicInequality #Sustainability #

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