Author: Shivangi Chowmal
General Atlantic to acquire a minority stake in Travel Boutique Online
Leading global growth equity investor, General Atlantic has agreed to acquire a minority stake in TBO Tek Ltd (TBO) from entities held by Affirma Capital.
Lanes & Planes: Transforming Corporate Travel Dynamics with USD 33.2 Million Series B Investment
In a groundbreaking move, Munich's Lanes & Planes has successfully secured a substantial USD 33.2 million in a Series B funding round, led by U.S.-based investor Smash Capital. This significant investment cements Lanes & Planes' pivotal role in reshaping the
TravelLocal raises USD 10.3 million in Series B funding to fuel global expansion
TravelLocal, a renowned online travel agency specializing in tailor-made trips across 93 countries, has successfully secured USD 10.3 million in Series B funding. This round is spearheaded by Puma Private Equity, a new investor in the company, and features participation
Secret Escapes bolsters growth with GBP 31 million investment infusion
In a significant turn of events in July 2023, Secret Escapes, a prominent name in the luxury travel and hospitality industry, reached a major milestone in its journey by securing a substantial investment of approximately GBP 31 million. This influx
Mews Strengthens North American Foothold with Hotello Acquisition
In the dynamic world of hospitality technology, Mews, a leading authority in cloud-based property management systems (PMS), has taken a strategic leap that promises to redefine its footprint in North America, with a particularly keen focus on the Canadian market.
Wego's Strategic Expansion into Business Travel: Acquiring Travelstop
Wego. A prominent travel app for flight search and booking in the MENA (Middle East and North Africa) region, has made a strategic move into the business travel sector by acquiring Travelstop, a Singapore-based platform specializing in business travel and
HotelPlanner Adds Lucid Travel to its Family of Brands
Hotelplanner, the leading event and hotel booking platform for group travel, recently acquired Lucid Travel, an innovative US-based travel management platform and booking engine for sports and tournament lodging. The amount of acquisition was not disclosed. With this acquisition, HotelPlanner
Access group acquires Guestline to expand offerings to hotel sector
Access Group, a British software company, has recently completed the acquisition of Guestline, a leading hotel software company previously owned by Riverside Group since 2016. This strategic move by Access Group reflects its commitment to expanding its presence in the
Clarity Business Travel's Acquisition of Agiito and Evolvi
In a groundbreaking development within the travel industry, Clarity Business Travel, headquartered in Manchester and operating primarily in the United Kingdom, has executed a strategic acquisition of Agiito and Evolvi from Capita plc. Valued at an enterprise value of GBP
Goodwings secures USD 1.5 million in seed funding to revolutionise sustainable travel management
In an era where sustainability is paramount, the travel industry is undergoing a transformation. Accommodation providers, online travel agencies (OTAs), and software providers are keenly aware of the shifting landscape. Amidst this change, Goodwings, a Danish operator of a travel