About Fareportal
Fareportal is a company based in New York (United States) founded in 2002.. The company has 2,306 employees as of March 28, 2024. Fareportal has completed 1 acquisition, including Tripcombi. Fareportal offers products and services including CheapOair, OneTravel, Clubmiles, Travelong, and Royal Scenic. Fareportal operates in a competitive market with competitors including Nezasa, Duffel, TravClan, Easol and Reiwa Travel, among others.
- Headquarter New York, United States
- Employees 2306 as on 28 Mar, 2024
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Sectors
Travel & Hospitality
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Phone
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Website
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Social
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- Legal Name Fare Portal India Private Limited
- Date of Incorporation 24 Mar, 2005
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$43.98 M (USD)28.61as on Mar 31, 2023
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Net Profit
$4.71 M (USD)51.95as on Mar 31, 2023
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EBITDA
$5.38 M (USD)29.51as on Mar 31, 2023
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Latest Funding Round
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Investors
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Employee Count
2306
as on Mar 28, 2024
- Investments & Acquisitions
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Products & Services of Fareportal
Fareportal offers a comprehensive portfolio of products and services, including CheapOair, OneTravel, Clubmiles, Travelong, and Royal Scenic. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables online flight and hotel bookings with agent support.
Offers deals on flights, hotels, and vacation packages globally.
Allows users to earn points on travel bookings and redemptions.
Provides solutions for business travel and technology development.
Supplies air consolidation and booking services for retail agents.
Manages global travel and events for sports and business groups.
Offers air, sea, and land services for agencies and consumers.
Delivers booking services for business planners and agents worldwide.
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Funding Insights of Fareportal
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Investments & Acquisitions by Fareportal
Fareportal has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Tripcombi. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Travel search engine
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Fareportal
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Fareportal Comparisons
Competitors of Fareportal
Fareportal 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 Nezasa, Duffel, TravClan, Easol and Reiwa Travel, 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 |
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| domain | founded_year | HQ Location |
SaaS-based software for travel planning and itinerary management is provided.
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| domain | founded_year | HQ Location |
Travel services are planned, discovered, and booked via Duffel's platform.
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| domain | founded_year | HQ Location |
B2B platform for travel agents to buy flights hotels packages
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| domain | founded_year | HQ Location |
Easol is recognized as an all-in-one platform for experience creators.
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| domain | founded_year | HQ Location |
An online platform is provided for designing digital travel agencies.
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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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Latest news on Fareportal
Frequently Asked Questions about Fareportal
When was Fareportal founded?
Fareportal was founded in 2002.
Where is Fareportal located?
Fareportal is headquartered in New York, United States. It is registered at New York, New York, United States.
How many employees does Fareportal have?
As of Mar 28, 2024, the latest employee count at Fareportal is 2,306.
What is the annual revenue of Fareportal?
Annual revenue of Fareportal is $43.98M as on Mar 31, 2023.
What does Fareportal do?
Fareportal was founded in 2002 in New York, United States, and operates in the travel technology sector. Solutions are offered to online travel agencies, including business process outsourcing, call center services, and ticket fulfillment. Brands such as CheapOair, CheapOstay, OneTravel, and FareBuzz are managed. A portfolio encompasses airfares from over 450 airlines, 100,000 hotels, vacation packages, and car rentals. The Geneo app is available for iPhone, Windows, and Android platforms.
Who are the top competitors of Fareportal?
What products or services does Fareportal offer?
Fareportal offers CheapOair, OneTravel, Clubmiles, Travelong, and 4 more products and services.
How many acquisitions has Fareportal made?
Fareportal has made 1 acquisition, including Tripcombi.