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TBO (company)

From Wikipedia - Reading time: 3 min

TBO TEK LIMITED
IndustryOnline travel
Founded2006; 18 years ago (2006)
Headquarters
India
Area served
Worldwide
ServicesFlights, Hotels, Holiday Packages, Cruise, Rail, Car rentals, Transfers
Number of employees
1700+
SubsidiariesTek Travels DMCC, TBO Cargo Private Limited
Websitewww.tbo.com

TBO is a global travel distribution platform headquartered in India. [1][2][3][4]

History[edit]

TBO was founded in 2006 by Gaurav Bhatnagar and Ankush Nijhawan under the name Tek Travels Private Limited. The Company incorporated its first subsidiary Tek Travels DMCC in 2011. In March 2019, TBO acquired Island Hopper and Clickitbookit from Orange Tourism Solutions Private Limited.[5]

In May 2021, TBO Group acquired Gemini Tours & Travels, an India-based destination management company, to consolidate its position in the Indian outbound market, particularly Maldives.[6]

The Company's name was changed to TBO Tek Private Limited in October 2021. Subsequently, it was converted into a public company and its name was changed to TBO Tek Limited in November 2021.[7]

In March 2022, TBO acquired BookaBed AG, a B2B accommodation supplier to increase its presence in Ireland and the United Kingdom.[8] TBO made a seed investment in Hotelzify, a Bangalore-based early-stage startup in April 2023.[9] General Atlantic, an American growth equity firm bought a minority stake in TBO in October 2023.[10] 

In December 2023, Tek Travels DMCC acquired the online business of Jumbo Tours Espana S.L.U.[11]

Awards[edit]

  • 2023 Economic Times Travel And Tourism Awards[12]
  • World Travel Awards for 2019, 2020, 2021[13]
  • Travel and Tourism Excellence Awards by FICCI 2021[14]
  • SATTE Award 2019[15]

References[edit]

  1. ^ Ali, Amin. "This is the decade and century of Indian traveller". The Times of India.
  2. ^ "TBO.COM and WebEngage partner to deliver hyper-personalised services to customers". Financialexpress. 31 August 2023.
  3. ^ "TBO.com, WebEngage join hands to deliver hyper-personalised services to customers | TTG Asia". TTG.
  4. ^ "TBO.com hosts a Super Mega Event and Awards in the travel industry in Delhi". Travel Trade Journal. 20 March 2023.
  5. ^ "TBO Group Acquires Island Hopper and Clickitbookit". DESTINATION REPORTER. 28 March 2019.
  6. ^ "TBO Group acquires leading consolidator for Maldives in the Indian market - ET TravelWorld". ETTravelWorld.com.
  7. ^ "TBO TEK Limited" (PDF). BSE India.
  8. ^ "TBO acquires 100% of B2B travel platform BookaBed". gulfnews.com. 7 February 2023.
  9. ^ "Hotelzify gets seed investment led by TBO & All In Capital - ET TravelWorld". ETTravelWorld.com.
  10. ^ "General Atlantic to buy a stake in travel firm TBO.com". BusinessLine. 22 October 2023.
  11. ^ "TBO acquires online business of Jumbo Tours Group to Expand European Market". BruTimes.
  12. ^ "The Countdown Begins! 2nd ET Travel & Tourism Conclave & Awards to engage travel industry on Nov 30 - ET TravelWorld". ETTravelWorld.com.
  13. ^ "World Travel Awards". worldtravelawards.com.
  14. ^ "FICCI : Industry's Voice for Policy Change". ficci.in.
  15. ^ "Satte Awards 2019". satte.in.
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