• TBO Tek Limited’s IPO: A New Chapter in Travel Tech
  • Revolutionizing Middle Eastern Travel Agencies with B2A Strategy
  • Global Impact and Technological Innovation Drive TBO’s Success

TBO Tek Limited, a global leader in travel distribution, has made a groundbreaking leap by going public on the National Stock Exchange of India Limited (NSE) and the BSE Limited (BSE). The successful Initial Public Offering (IPO) raised approximately USD 186 million (Rs. 1,550 crore), with an oversubscription rate of 86.70 times, reflecting immense investor confidence and interest.

The travel industry is buzzing with excitement as TBO Tek Limited unveils its innovative B2A (Business to Travel Agents) strategy, a pioneering approach specifically designed to empower travel agents in the Middle East. This strategic initiative is set to revolutionize the way travel agencies operate, offering them tools and resources to maximize their earnings and provide exceptional service to travelers seeking personalized, hassle-free experiences.

Co-Founders Gaurav Bhatnagar and Ankush Nijhawan expressed their delight at the company’s successful listing on the Indian stock exchanges. Bhatnagar stated,

“TBO’s listing marks a significant milestone in our journey, paving the way for new opportunities, driving innovation, and expanding our reach.”

Co-Founder, Gaurav Bhatnagar

In the Middle East, the raised funds will be instrumental in enhancing TBO’s technological capabilities and expanding its market presence. Sameh Fouad, VP Sales for the Middle East, emphasized,

“We are excited about this development and the potential it brings to further innovate and grow our services in the region.”

Sameh Fouad, VP Sales -Middle East

TBO’s platform connects over 159,000 buyers in more than 100 countries with over a million suppliers, simplifying the travel business for hotels, airlines, car rentals, cruises, and more. The platform offers a seamless, integrated solution for travel agencies, enabling them to discover and book travel services worldwide.

TBO’s technology-first approach relies on AI and machine learning to provide unique listings and travel products, meeting specific customer requirements and increasing conversions. Since its inception in 2006, TBO has grown from a single product air ticketing company to a comprehensive travel distribution platform serving markets across the Americas, UK, Europe, Africa, the Middle East, India, and Asia Pacific.

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