TBO Tek Limited went public on the National Stock Exchange of India (NSE) and BSE Limited (BSE) on 15 May 2024, raising USD$186 million (around AUD$281 million) as the business-to-travel agent (B2A) platform affirmed its commitment to supporting travel advisors and partners in the Asia-Pacific region.
The company was listed on the Indian stock exchanges with a premium of 50 per cent plus over the issue price for an overwhelming response to its public debut.
New to Australia, TBO launched its first-in-the-region strategy to empower travel advisors and agencies to maximise their earnings and simplify their workload.
Its two-sided platform simplifies business operations and offers seamless transactions between suppliers, such as hotels, airlines, car rentals, transfers, cruises, insurance and rail, and travel agencies and independent travel advisors.
It also caters to other buyers, including tour operators, travel management companies, online travel companies and loyalty apps.
Investment to fuel further APAC expansion
TBO already has a significant presence in the APAC region, connecting more than 159,000 buyers across 100-plus countries with over one million suppliers.
Co-Founder & Joint MD Gaurav Bhatnagar said: “The listing on the Indian stock exchanges marks a significant milestone in our company’s journey.”
“This accomplishment paves the way for new opportunities, enabling us to drive innovation, expand our reach and enhance value for our shareholders and customers.”
TBO’s APAC Commercial Director Vijayeta James added: “We are very excited about this development. The investments will be used to further enhance our technology and services as well as expand into new markets in the region.”
Find out more at tbo.com
