Television

TV18 Group, Reliance Capital & Norwest Venture Partners join hands to form Yatra online

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2017/03/21/tv18.jpg?itok=gVKe4GBE

MUMBAI: Yatra Online (www.yatra.in), the online and centralised travel services company for the India market, has announced that it has secured initial funding from leading financial and strategic investors. 

Yatra's investors include Reliance Capital (a member of Reliance – Anil Dhirubhai Ambani Group), Norwest Venture Partners (NVP) – Promod Haque's leading venture capital firm, and Television 18 Group. The investors are also committed to support Yatra through its subsequent stages of growth to make Yatra the number one travel services company in India. The Yatra service will be operational by the first half of 2006.

A release issued by TV18 Group states, "India is currently witnessing a tremendous boom in both business and family/leisure travel. In 2006, the Indian travel market is estimated to reach approximately US $40 billion, and plans to hit close to US $50 billion by 2009." 

"Although the travel market is flourishing, the needs of today's Indian travelers are still under-served due to the fact that the travel industry is extremely fragmented. It is tremendously difficult for Indian travelers to find, compare and select the best flight and hotel packages and deals, and make reservations at the lowest cost and finest service," adds the statement.

To meet this rapidly growing need, India's online and centralized travel services company, Yatra Online (www.yatra.in), has been founded. Yatra will help businesses and consumers to book airline, railway and bus tickets and reserve hotel rooms and car rentals by calling Yatra's call center, or by going to the Internet website www.yatra.in, or by using their mobile handsets. 

Yatra will provide travel-related information, pricing, availability and reservations for airlines, hotels, railway, buses and car rentals across 5000 large cities and small rural areas throughout India.

Yatra's multi-language customer service center will enable business and family/leisure travelers to make well-informed and cost effective bookings 24 hours a day or night, 365 days a year, through its online, call center and mobile support. 

The customers will benefit from first priority booking and customized travel packages and deals for multiple large to small hotels, airlines, railways, buses and car rentals at the lowest prices, as a result of strategic relationships with the leading travel suppliers. The company will also offer free travel-related news and travel advisory services to a wide range of people.

"We are very excited about our investment in Yatra and the market opportunity the company has targeted. Internet penetration in India is only in its infancy and investing in companies with sound business models that leverage the Internet to reach today's consumers is a growing trend for our firm," said NVP managing partner and Yatra board advisor Promod Haque.

"We are delighted to partner with NVP to back Yatra's strong management team in fulfilling every Indian's dream of easy, affordable travel by improving the entire Indian travel experience," said a Reliance Capital spokesperson.

"TV18 Group is in the business of providing critical, real-time information to over 70 million people each day in India, in addition to a large Internet franchise that we serve through our leading financial and news portals. What we have done for delivering the latest news and information to Indian consumers is the same paradigm shift we believe Yatra will bring to today's business and vacation travelers," said Haresh Chawla, CEO, TV18 and Yatra board member.

"Investing in Yatra is an extension of our vision for the Internet, as we extend transaction services to our audience."

The founders of Yatra are non-resident Indians (NRI) and seasoned travel industry executives who have returned to India to launch the first online and centralized travel services company of its kind. The founders, Dhruv Shringi and Manish Amin, bring a combination of 45 years of travel experience and 15 years of online travel experience to Yatra. Most recently, the founders worked together to help build and manage one of Europe's largest online travel businesses, Ebookers Plc, which was recently acquired by travel giant Cendant Corporation (market capitalization: US $17.98 billion) for US $410 million, adds the official release.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/22/star-world.jpg?itok=zwedwX5P
Star World lines up Hollywood A-listers' shows starting 25 Sept

Meryl Streep and Al Pacino, around 10 years ago, debuted on television with ‘Angels in America’ and the media went into a frenzy - ‘Is it the Oscars or the Emmys’, tabloids flashed as they walked the Emmys red carpet! Little did we know that a new-age trend was being set!

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/22/Ajay%20singh.jpg?itok=kAtpJZZK
SpiceJet's Ajay Singh may take control of NDTV, latter denies (updated)

MUMBAI: NDTV may change hands as its founders -- Prannoy Roy, Radhika Roy and the promoter firm RRPR Holding -- are facing a CBI probe for allegedly concealing a share transaction. A senior NDTV official, however, told the Hindu that the reports were untrue. Singh, it was earlier reported, will...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/22/ZEE.jpg?itok=joRzwzAl
Zeel channels continue to rule across genres

BENGALURU: In what seems to have become almost normal over the last few weeks, Zee Entertainment Enterprises Limited (Zeel) channels Zee TV and Zee Anmol continued their Hindi GEC supremacy in the weekly top 10 channels across genres list for week 37 of 2017. Broadcast Audience Research Council of...

Television TV Channels Viewership
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/22/Abhishek%20Maheshwari.jpg?itok=bzl-kP5R
Disney pushes brand bindass as it merges with bindass Play, enters OTT space

MUMBAI: It's hardly a week since Disney India rebranded its movie channel UTV Movies, and now the network has consolidated its two channels -- that is bindass and bindass Play. Along with that, in its promise to be omni-present across platforms, bindass will launch an OTT platform for the...

Television TV Channels Music and Youth
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/22/DD_Kashir.jpg?itok=mZBvSFYf
DD Kashir bids: Prime Focus, Beehive, Grasshopper get breather

NEW DELHI: The three agencies which had been shortlisted by Doordarshan to undertake the channel packaging work for its channel DD Kashir can now submit their bid amounts by 29 September 2017.

Television TV Channels Terrestrial
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/21/kbc.jpg?itok=CMtI933J
Sony Entertainment climbs to second position, Zee Anmol retains lead in two markets

While Zee Anmol retained lead in two markets, KBC-backed Sony Entertainment bagged the second position with high ratings in the urban market. Zee Anmol retained lead in Hindi (U+R) and rural markets, whereas Star Plus led the urban market in week 37 of Broadcast Audience Research Council (BARC)...

Television TV Channels Viewership
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/21/Arnab-Story.jpg?itok=_k8ssaP8
English News ratings' slide continues although Republic TV viewership improves slightly

The Arnab Goswami headed Indian English News channel Republic TV has been leading the genre in terms of viewership right from week 19 of 2017, the week the channel was launched.

Television TV Channels Viewership
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/21/pkl.jpg?itok=QRMl_i1P
Sports: Star India channels pocket four out of top five slots

One would easily spot Star India taking over four of the top five positions in BARC India's week 37 sports ratings data, doubling its tally as compared to week 36. Last week, Sony had conquered three slots out of the top five list.

Television TV Channels Viewership
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/22/Punit-Goenka-and-Amit-Goenka.jpg?itok=MdwoMVGs
Zee Studios to produce Indian shows' adaptation in Canada

Entertaining the world for over two decades, Zee Entertainment Enterprises Limited (ZEEL) has achieved another milestone by becoming the first Indian broadcaster to set up a production company in Canada.

Television TV Channels English Entertainment

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories