About Ascend Travel
Ascend Travel is a company based in Din Daeng (Thailand) founded in 2016 by Kreakpong Ngathaweesuk was acquired by Hotelplan Holding in November 2007.. Ascend Travel operates in a competitive market with competitors including Brex, Ramp, Navan, Pleo and Airbase, among others.
- Headquarter Din Daeng, Thailand
- Founders Kreakpong Ngathaweesuk
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Sectors
TechnologyTravel & Hospitality
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ascend Travel Company Limited
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Annual Revenue
$9.33 M (USD)92as on Dec 31, 2022
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Net Profit
$-233.15 K (USD)66as on Dec 31, 2022
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EBITDA
$-113.86 K (USD)80as on Dec 31, 2022
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Hotelplan Holding
(Nov 02, 2007)
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Funding Insights of Ascend Travel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ascend Travel
Ascend Travel has secured backing from 1 investor. Prominent investors backing the company include Hotelplan Holding. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Hotel management services are provided by Hotelplan Holding.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ascend Travel
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Ascend Travel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ascend Travel Comparisons
Competitors of Ascend Travel
Ascend Travel operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Brex, Ramp, Navan, Pleo and Airbase, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
SaaS-driven credit card and spend management solutions platform for businesses
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| domain | founded_year | HQ Location |
Spend management and accounts payable solutions are delivered to businesses.
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| domain | founded_year | HQ Location |
Corporate travel and expense management are facilitated through SaaS platform.
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| domain | founded_year | HQ Location |
SaaS expense management solutions for business travel are provided.
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| domain | founded_year | HQ Location |
Procure-to-pay management software is offered for business operations.
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| domain | founded_year | HQ Location |
Corporate cards and expense management are offered to businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Ascend Travel
When was Ascend Travel founded?
Ascend Travel was founded in 2016.
Where is Ascend Travel located?
Ascend Travel is headquartered in Din Daeng, Thailand. It is registered at Din Daeng, Bangkok, Thailand.
What is the annual revenue of Ascend Travel?
Annual revenue of Ascend Travel is $9.33M as on Dec 31, 2022.
What does Ascend Travel do?
Ascend Travel was founded in 2016 in Din Daeng, Thailand, as a provider of SaaS solutions in the travel and expense management sector. Business travelers are served through features such as booking systems, inventory management, agent-assisted bookings, real-time budgets, and intelligent dashboards. Operations focus on streamlining corporate travel processes with integrated tools for efficiency and oversight.
Who are the top competitors of Ascend Travel?
Who are Ascend Travel's investors?
Ascend Travel has 1 investor. Key investors include Hotelplan Holding.