Naspers, a South-African Internet and media group is going to end its 5-year old investment with Travel Boutique Online (TBO), a B2B travel platform.
The ongoing proceedings
Naspers is planning a valuation of Rs300 crores for TBO. TBO’s founders Ankush Nijhawan and Gaurav Batra have shown interest in buying the stakes as well.
TBO offers a catalogue of services such as airline, train, hotel reservation and holiday package deals. It acts as an aggregator in between all this.
It helps charter helicopters, renting cars, bus bookings and also travel insurance services. The company has total 45 offices and 25,000 travel agents spread in India and the Middle East accessing its services.