About TBO
TBO is a company based in Gurugram (India) founded in 2006 by Ankush Nijhawan and Gaurav Bhatnagar. It operates as a API-as-a-Product, and Two-Sided Marketplace. TBO has raised $61 million across 3 funding rounds from investors including Naspers and Affirma Capital. The company has 1,580 employees as of March 31, 2024. TBO has completed 2 acquisitions, including Classic Vacations and Jumbonline. TBO offers products and services including TBO Platform, TBO APIs, and Roamer. TBO operates in a competitive market with competitors including Travel Boutique Online, TBO Holidays, Distribusion, Hepstar and TravelX, among others.
- Headquarter Gurugram, India
- Employees 1580 as on 31 Mar, 2024
- Founders Ankush Nijhawan, Gaurav Bhatnagar
- Stage Public
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Sectors
Travel & Hospitality
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Tbo Tek Ltd.
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Annual Revenue
$202.92 M (USD)24.75as on Mar 31, 2024
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Net Profit
$26.87 M (USD)13.72as on Mar 31, 2024
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EBITDA
$40.89 M (USD)29.82as on Mar 31, 2024
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Total Equity Funding
$61 M (USD)
in 3 rounds
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Latest Funding Round
$50 M (USD), Private Equity Round
Sep 01, 2018
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Investors
Naspers
& 1 more
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Employee Count
1580
as on Mar 31, 2024
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Investments & Acquisitions
Classic Vacations
& 1 more
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IPO & Listings of TBO
TBO is a publicly listed company on the NSE with ticker symbol TBOTEK in India, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of TBO
TBO offers a comprehensive portfolio of products and services, including TBO Platform, TBO APIs, and Roamer. 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.
Global travel inventory is accessed through this platform.
APIs are provided for seamless travel business integration.
Travel companion app is offered for post-booking services.
Funding Insights of TBO
TBO has successfully raised a total of $61M across 3 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $50 million completed in September 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Private Equity Round — $50.0M
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First Round
First Round
(28 Mar 2012)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2018 | Amount | Private Equity Round - TBO | Valuation |
investors |
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| Feb, 2015 | Amount | Seed - TBO | Valuation | Naspers |
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| Mar, 2012 | Amount | Seed - TBO | Valuation | Naspers |
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| 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 TBO
TBO has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Naspers and Affirma Capital. 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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Global investments in early and growth-stage tech firms are conducted.
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Founded Year | Domain | Location | |
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Acquisitions and buyouts are targeted by the private equity firm.
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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
|
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 TBO
TBO has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Classic Vacations and Jumbonline. 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 |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
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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Vacation packages, flights, and accommodations are offered by Classic Vacations.
|
1978 | ||||
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Hotels are operated by Jumbonline in Spain.
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1977 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - TBO
| 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 |
Tbo Comparisons
Competitors of TBO
TBO 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 Travel Boutique Online, TBO Holidays, Distribusion, Hepstar and TravelX, 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 |
Bookings for travel agents are managed via an online platform.
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| domain | founded_year | HQ Location |
Global B2B platform for travel bookings including hotels, flights, and packages.
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| domain | founded_year | HQ Location |
Global distribution system for bus and train operators is provided.
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| domain | founded_year | HQ Location |
Online insurance distribution channel
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| domain | founded_year | HQ Location |
Blockchain-based infrastructure is provided for the travel industry.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Tbo
Frequently Asked Questions about TBO
When was TBO founded?
TBO was founded in 2006 and raised its 1st funding round 6 years after it was founded.
Where is TBO located?
TBO is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Is TBO a funded company?
TBO is a funded company, having raised a total of $61M across 3 funding rounds to date. The company's 1st funding round was a Seed of $8.66M, raised on Mar 28, 2012.
How many employees does TBO have?
As of Mar 31, 2024, the latest employee count at TBO is 1,580.
What is the annual revenue of TBO?
Annual revenue of TBO is $202.92M as on Mar 31, 2024.
What does TBO do?
A global travel distribution platform is managed by TBO, connecting over 159,000 buyers with more than 1 million suppliers across 100 countries. Travel products such as air, hotels, holiday packages, and ancillary services are facilitated through the platform. Solutions for travel buyers, suppliers, and travelpreneurs are provided, including APIs, mobile applications, and loyalty programs. The platform supports transactions in local currencies, simplifying cross-border travel business processes. Sectors served include retail travel agencies, enterprise buyers, and online travel companies. Seamless post-booking services and customer support in local languages are also ensured.
Who are the top competitors of TBO?
TBO's top competitors include Travel Boutique Online, Distribusion and TravelX.
What products or services does TBO offer?
TBO offers TBO Platform, TBO APIs, and Roamer.
Is TBO publicly traded?
Yes, TBO is publicly traded on NSE under the ticker symbol TBOTEK.
How many acquisitions has TBO made?
TBO has made 2 acquisitions, including Classic Vacations, and Jumbonline.
Who are TBO's investors?
TBO has 2 investors. Key investors include Naspers, and Affirma Capital.
What is TBO's ticker symbol?
The ticker symbol of TBO is TBOTEK on NSE.
What is TBO's valuation?
The valuation of TBO is $155.74M as of Feb 2015.
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