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  • Best AI Search Engines in 2024: An Exhaustive Guide

    Monopoly isn’t a monopoly anymore. At least, not on an AI scale. Well, have you ever wondered how AI is changing the way we search for information online? The world of search engines is exploding with innovation, and it’s changing how we find answers to our burning questions. From ChatGPT to Google Gemini, these tools are reshaping our digital landscape and making information more accessible than ever before.

    In this article, we’ll look at the top AI search engines of 2024, exploring how they’re transforming the search experience. We’ll also take a look at the customisable approach of You.com and how Brave Search is balancing privacy with technological advancements. So, buckle up as we explore the future of search and what it means for you.

    The Rise of AI in Search Technology

    Remember when you had to sift through pages of search results to find what you were looking for? Those days are quickly becoming a thing of the past. The world of search engines has undergone a remarkable transformation, and AI is at the heart of this revolution.

    Evolution of search engines

    Search engines have come a long way since their inception in the early 1990s. Yahoo, one of the pioneers, paved the way for a new era of information retrieval. But it was Google, founded in 1998, that truly changed the game. Their PageRank algorithm brought a fresh approach to ranking web pages based on relevance and backlinks.

    As time went on, Google didn’t rest on its laurels. They kept innovating, introducing features like Google Maps, Images, and Scholar. These additions didn’t just upscale the user experience; they set a new standard for what a search engine could do.

    Enter AI, the game-changer that’s reshaping how we interact with information online. It’s not just about finding answers anymore; it’s about understanding context, predicting needs, and providing personalised results. AI-powered assistants like Siri, Alexa, and Google Assistant have become our digital companions, showing us just how powerful it can be in information retrieval. But that’s just the tip of the iceberg. The real revolution came with the introduction of models like GPT (Generative Pre-trained Transformer). These AI marvels can understand and generate human-like text, offering conversational responses that traditional search engines could only dream of.

    Impact on user experience

    So, what does this mean for you? Well, get ready for a more intuitive and interactive search experience. Instead of typing keywords and hoping for the best, you can now have a conversation with your search engine. It’s like having a knowledgeable friend at your fingertips, ready to answer your questions and even anticipate your needs. This shift is changing how we interact with information online. You’re no longer just a passive receiver of information; you’re an active participant in a dialogue. The search engine understands the context of your questions, learns from your interactions, and provides increasingly relevant results.

    But don’t worry, this doesn’t mean traditional search engines are going extinct. Instead, we’re seeing a beautiful synergy between AI and existing search technologies. Google, for instance, is already imbibing AI models like BERT and MUM to enhance their search capabilities. The future of search is exciting, and you’re at the forefront of this revolution. As the tech continues to evolve, it’s redefining what’s possible in the world of information retrieval. So, next time you search for something online, take a moment to appreciate the incredible AI technology working behind the scenes to bring you the answers you need.

    Perplexity AI: The New Frontier in AI Search
    Google’s Search Generative Experience: Transforming Traditional Search
    Microsoft Bing and Copilot: Say Hello To New Search and Productivity
    You.com: Customisation and Versatility in AI Search
    Brave Search: Balancing Privacy and AI Innovation

    Website www.perplexity.ai
    Rating 4.8
    Free Trial Yes
    Platforms Supported Web, iOS, Android
    Perplexity AI - Best AI Search Engines
    Perplexity AI – Best AI Search Engines

    A knowledgeable friend who can answer all your questions in seconds, providing accurate information with sources to back it up. That’s exactly what Perplexity AI brings to the table. This innovative platform is shaking up the search engine world, offering a unique blend of traditional search capabilities and cutting-edge AI technology.

    Perplexity AI’s unique approach

    At its core, Perplexity AI is designed to understand and respond to your queries in a way that feels natural and conversational. It’s like having a chat with a super-smart assistant who has access to a vast library of information. The platform uses advanced language models, including GPT-4 Turbo and Claude 3, to grasp the nuances of your questions and deliver spot-on answers.

    What sets Perplexity apart is its ability to synthesise information from multiple sources, presenting it in an easy-to-digest format. You’re not just getting a list of links; you’re getting a tailored response that directly addresses your query. And the best part? Every piece of information comes with proper citations, so you can always check the original sources.

    Key differentiators

    Perplexity AI isn’t just another search engine with a fancy AI add-on. It’s built from the ground up as an AI-powered search tool, and this focus shows in its features:

    1. Real-time information retrieval: You get the most up-to-date information available, crucial in our fast-paced world.
    2. Multi-model integration: Perplexity uses various AI models, giving you access to a broader range of capabilities.
    3. Conversational interface: The platform understands context, making your search experience feel more like a natural dialogue.
    4. Transparent sourcing: Every answer comes with citations, enhancing credibility and allowing you to dig deeper if needed.

    For those who opt for Perplexity Pro, there are even more advanced features. You can upload your own documents for analysis, and the Copilot feature asks clarifying questions to ensure you get exactly what you’re looking for.

    User adoption and feedback

    The response to Perplexity AI has been overwhelmingly positive. Users praise its intuitive interface and accurate search results. Many have found it to be a game-changer in their daily routines, saving time and effort in information retrieval. What’s particularly impressive is the high user retention rate. People aren’t just trying Perplexity once and forgetting about it; they’re coming back again and again. This loyalty speaks volumes about the platform’s effectiveness and user satisfaction. It’s not just changing how we search for information. Rather, it’s redefining our expectations of what a search engine can do.

    Plans Pricing Pricing
    Perplexity Sonar Models
    Model Price per 1000 requests Price per 1M tokens
    llama-3.1-sonar-small-128k-online $5 $0.2
    llama-3.1-sonar-large-128k-online $5 $1
    llama-3.1-sonar-huge-128k-online $5 $5
    Perplexity Chat Models
    Model Price per 1M tokens
    llama-3.1-sonar-small-128k-chat $0.2
    llama-3.1-sonar-large-128k-chat $1
    Open-Source Models
    Model Price per 1M tokens
    llama-3.1-8b-instruct $0.2
    llama-3.1-70b-instruct $1

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    Website www.google.com
    Rating 4.5
    Free Trial No, included in Google search for selected users
    Platforms Supported Web, iOS, Android
     Google's Search Generative Experience - Best AI Search Engines
    Google’s Search Generative Experience – Best AI Search Engines

    Ever wondered what it would be like to have a super-smart assistant right in your search bar? Well, Google’s Search Generative Experience (SGE) is making that a reality! This cutting-edge feature is shaking up the way we find information online, and it’s all thanks to the power of AI.

    SGE isn’t just another add-on. It’s a game-changer that’s been seamlessly woven into the fabric of Google Search. You just begin by typing in a question and getting a concise, AI-generated summary right at the top of your results page. That’s exactly what SGE does! It uses a clever mix of AI models, including PaLM 2 and MuM, to understand your query and whip up a tailored response in seconds.

    But here’s the really cool part: SGE doesn’t just regurgitate information. It actually analyses your search intent, digs through high-quality sources, and crafts a summary that’s spot-on for what you’re after. It’s like having a brainy friend who always knows just what you need!

    New features and capabilities

    SGE is packed with nifty features that’ll make your search experience a breeze:

    1. AI Overviews: Get the gist of complex topics without drowning in details.
    2. Follow-up Questions: SGE suggests logical next steps to dive deeper into your topic.
    3. Vertical Experiences: Whether you’re shopping or planning a trip, SGE tailors the search journey to your needs.

    For you shoppers out there, SGE is a real treat. It’ll give you a snapshot of key factors to consider, along with product options, reviews, and up-to-date prices. No more endless tab-hopping to compare products!

    User reception and challenges

    So, how’s SGE being received? Well, it’s a bit of a mixed bag. On one hand, users are loving the time-saving summaries and the way SGE makes complex topics more digestible. It’s like having a personal research assistant at your fingertips! But, as with any new tech, there are some growing pains. Some folks worry about becoming too reliant on AI summaries and missing out on the full picture. There’s also the occasional hiccup where SGE serves up some… let’s say, interesting advice. (Eating rocks for health? Not recommended!)

    Google is working hard to iron out these kinks and improve accuracy. They’re also keeping a close eye on how SGE affects web traffic and ad revenue, making sure it plays nicely with the existing search ecosystem.

    Microsoft Bing and Copilot: Say Hello To New Search and Productivity

    Website copilot.microsoft.com
    Rating 4.4
    Free Trial Yes, free with Microsoft account
    Platforms Supported Web, iOS, Android
    Microsoft Bing and Copilot - Best AI Search Engines
    Microsoft Bing and Copilot – Best AI Search Engines

    There are windows loyalists who are more comfortable with legacy platforms that’s backed by OpenAI. Well, Microsoft‘s got you covered with their dynamic duo: Bing and Copilot. These AI-powered tools are shaking up the way we search, work, and create online. Let’s dive into how they’re changing the game!

    Copilot’s AI capabilities

    What about a brainy buddy who can help you with everything from drafting emails to planning your dream holiday? That’s Copilot for you! This AI whiz can whip up a quick email, suggest your next travel destination (complete with flight and hotel ideas), and even help you save time and money on your shopping list. It’s like having a personal assistant who never sleeps!

    But that’s not all. Copilot takes AI-powered search to a whole new level. Got a complex question? Fire away! You can ask it multiple questions, and it’ll provide comprehensive answers, complete with images, links, and even spreadsheets if you need them. It’s like having a research team at your beck and call!

    Integration with Microsoft ecosystem

    Here’s where things get really exciting. Microsoft has seamlessly woven Copilot into its existing products, making your favourite tools even smarter. From Office 365 to Dynamics 365, and even Windows, Copilot is there to lend a hand. But the real game-changer? The Microsoft Edge sidebar. While you’re browsing, you can use Copilot to get insights on web pages, generate images with DALL-E3, or even help you code. It’s like having a Swiss Army knife for the internet!

    Competitive advantages

    So, what sets Microsoft apart in the AI race? For starters, they’ve got a global network of research labs constantly pushing the boundaries of AI tech. Their Azure AI platform offers a comprehensive suite of tools for developers to build and manage AI applications at scale. But it’s not just about the tech. Microsoft is committed to ethical AI, with established principles and an ethics committee guiding their development. They’re also using AI for good, investing in projects that tackle societal challenges.

    With its vast resources, global reach, and partnerships with businesses and academic institutions, Microsoft is well-positioned to lead the AI revolution. Their focus on integrating AI into everyday tools we already use makes the technology accessible and practical for everyone. So, the next time you’re using Bing or any Microsoft product, remember: you’ve got a powerful AI assistant ready to help. Welcome to the future of search and productivity!

    Plans Pricing
    Microsoft 365 Copilot $30/month per user

    Website you.com
    Rating 4.2
    Free Trial Yes
    Platforms Supported Web, iOS, Android
    You.com - Best AI Search Engines
    You.com – Best AI Search Engines

    Ever wished for a search engine that adapts to your unique needs? Well, You.com might just be the answer you’ve been looking for! This innovative platform is shaking up the AI search game with its focus on personalisation and versatility.

    You.com’s AI models and assistants

    You.com doesn’t just rely on a single AI model; it’s got a whole team of digital assistants at your disposal. From the creative YouWrite to the code-savvy YouCode, there’s an AI helper for every task. Need to whip up a blog post? YouWrite’s got your back. Stuck on a tricky bit of programming? YouCode is ready to lend a hand.

    But here’s where it gets really exciting: these AI assistants aren’t just standalone tools. They’re seamlessly integrated into the search experience, ready to jump in whenever you need them. It’s like having a squad of expert helpers right at your fingertips!

    Personalisation options

    Now, let’s talk about making You.com truly yours. The platform offers a level of customisation that’ll make your head spin (in a good way, of course!). You can tweak your search preferences, choose your favourite AI models, and even create custom commands for tasks you do often.

    Want to prioritise certain types of results? Go for it! Prefer a specific writing style for your AI-generated content? You’ve got it! You.com puts you in the driver’s seat, letting you shape your search experience to fit your unique needs and preferences.

    Target audience and use cases

    So, who’s You.com perfect for? Well, pretty much anyone who wants a more tailored search experience! But it’s especially handy for:

    1. Students and researchers: The ability to customise search results and use AI writing assistants can be a game-changer for academic work.
    2. Developers: With YouCode and other programming-focused tools, coders can streamline their workflow and find solutions faster.
    3. Content creators: From bloggers to social media managers, the AI writing tools can help spark creativity and boost productivity.
    4. Busy professionals: The customisable interface and AI assistants can help you find what you need quickly, saving precious time.

    Whether you’re brainstorming ideas, tackling a complex research project, or just trying to find the best pizza place in town, You.com’s versatile approach to AI search has got you covered. It’s not just about finding information; it’s about finding it in a way that works best for you.

    Plans Pricing
    Free Plan $0/month
    Pro Plan $15/month
    Team Plan $25/month
    Enterprise Plan Custom

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    Brave Search: Balancing Privacy and AI Innovation

    Website search.brave.com
    Rating 4.3
    Free Trial Yes
    Platforms Supported Web, iOS, Android
    Brave Search - Best AI Search Engines
    Brave Search – Best AI Search Engines

    For those of you, looking at privacy as a concern, Brave Search might just be the answer you’ve been looking for! This plucky newcomer is shaking things up in the search engine world, offering a unique blend of next-level AI features and rock-solid privacy protection.

    Brave’s privacy-first approach

    At its core, Brave Search is all about keeping your data safe and sound. Unlike some other search engines that love to track your every move, Brave takes a different approach. They’ve built their entire system around the idea that you shouldn’t have to sacrifice your privacy for a great search experience.

    Here’s the kicker: Brave doesn’t keep a history of your queries or create a profile of you. They even drop your IP address before it reaches their servers! It’s like having a personal bodyguard for your online privacy.

    AI features and limitations

    Now, you might be thinking, “That’s great, but what about those fancy AI features?” Well, Brave’s got you covered there too! They’ve developed their own AI models, including a nifty summarizer that can give you the gist of search results in a jiffy.

    But here’s where it gets really interesting: Brave’s AI is designed to be grounded in search results. This means it’s less likely to go off on wild tangents or start spouting nonsense (we’re looking at you, chatbots!). It’s like having a super-smart research assistant who always sticks to the facts.

    Appeal to privacy-conscious users

    If you’re the type who gets a bit queasy at the thought of big tech companies knowing your every move, Brave Search might be right up your alley. They’ve built their entire system around the idea that privacy and great tech don’t have to be mutually exclusive. But it’s not just about privacy. Brave Search is also independent, which means they’re not relying on other big tech companies for their results. They’ve built their own index from the ground up, giving you a truly alternative search experience.

    So, there you have it! Brave Search is proving that you can have your AI-powered cake and eat it too, all while keeping your personal data under wraps. It’s a brave new world of search, and Brave is leading the charge!

    Plans Pricing
    Free Plan Free – 1 query/second, Up to 2,000 queries/month
    Base $5 CPM – 20 queries/second, Up to 20M queries/month
    Pro $9 CPM – 50 queries/second, No monthly limit

    End Note

    As we wrap up our journey through the exciting world of AI search engines, it’s clear that the future of information retrieval is bright and full of possibilities. These innovative tools are not just changing how we find answers; they’re reshaping our entire digital experience. The AI search revolution is just getting started, and it’s bound to have a big impact on how we work, learn, and interact with information. As these technologies continue to evolve, they’ll open up new avenues for creativity, productivity, and discovery. So, keep your eyes peeled and your mind open – the next big breakthrough in AI search could be just around the corner! Don’t forget to check out Startuptalky’s Instagram page and other social channels for memes, reels, and news about startups and founders, and head to our AI articles section to stay up-to-date with the latest developments in this exciting field.

    FAQ

    What are the best AI Search Engines?

    Here are some of the best AI Search Engines:

    • Perplexity AI
    • Google’s Search Generative Experience
    • Microsoft Bing and Copilot
    • You.com
    • Brave Search

    Is AI used in search engines?

    Yes, AI is extensively used in search engines for ranking, personalization, and understanding queries.

    Can we trust AI search engines?

    Yes, AI search engines can generally be trusted for accurate information, but it’s essential to verify facts as they may reflect biases or outdated data.

  • BlackBuck Stock Lists 2.9% Higher Than IPO Price

    On November 22, shares of Zinka Logistics Solutions, the parent company of logistics giant BlackBuck, went public on the NSE for INR 280.90, a slight premium of 2.89% over the IPO issue price of INR 273. BlackBuck’s shares debuted on the BSE at INR 279.05, which was 2.21% higher than the issue price.

    Due to the Maharashtra Assembly elections, BlackBuck’s November 21 market debut was postponed by one day. BlackBuck’s INR 1,115 Cr initial public offering (IPO) was oversubscribed by 1.8X, with offers for 4.19 Cr shares compared to the 2.25 Cr shares available. The IPO took place between November 13 and November 18.

    The Growth of the Company

    BlackBuck was established in 2015 as a truck aggregator by Rajesh Yabaji, Chanakya Hridaya, and Rama Subramaniam. Since then, the business has expanded and currently provides a wide range of services, including truck financing, fuel payments, FASTag or toll costs, load management, and telemetry. BlackBuck is a business-to-business marketplace that specialises in full truckload (FTL) transportation between cities. BlackBuck’s initial public offering (IPO) consisted of both a new share issuance of INR 550 Cr and an offer for sale (OFS) component of over 2.06 Cr shares.

    The retail investor quota was subscribed 1.65 times, whilst the qualified institutional buyers (QIBs) part was booked 2.76 times. While non-institutional investors (NIIs) subscribed to the issuance by 24%, BlackBuck employees oversubscribed their quota by 9.86X. 

    The Current Valuation of the Company

    BlackBuck set its valuation at INR 4,800 Cr in the run-up to the INR 1,115 Cr IPO, which is more than 32% less than its peak valuation of INR 7,100 Cr in 2021. For its IPO, BlackBuck proposed a price range of INR 259 to INR 273 per share. Accel and Flipkart, two early investors, could realise up to five times their gains at the upper price range of INR 273. Nevertheless, companies such as Swedish investment firm VEF AB and Peak XV Partners would record losses on the sale of their fractional stakes.

    With initial public offerings (IPOs) emerging as a crucial means of obtaining funding, the Indian startup scene is undergoing a significant transformation. For the second time in history, mainboard initial public offerings (IPOs) have raised more than INR 1 lakh crore in 2024. Over INR 1.03 lakh billion has been raised through 70 initial public offerings (IPOs) this year, the most since 2007. In contrast, 63 firms raised more than INR 1.19 lakh crore through IPOs in 2021, compared to 100 IPOs that were launched in 2007 and raised INR 34,179 crore.

    This remarkable expansion coincides with a slowdown in the global IPO markets, which has seen a 16% drop in capital raised and a 12% drop in listings. India has distinguished itself on the international scene with its distinct blend of economic stability, a flourishing digital economy, and a developing private equity (PE) and venture capital (VC) ecosystem.

    This year, there has also been a lot of fundraising activity for SME IPOs. A record INR 7,700 crore has been raised through 215 SME IPOs so far. In contrast, 182 businesses raised a total of more than INR 4,686 crore when they went public last year.


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  • John Doe’s “Dynamic+” Order is Secured by ZEE Entertainment to Safeguard Digital Privacy

    For protection against digital privacy, the Delhi high court has issued a “Dynamic+” John Doe order to ZEE Entertainment Enterprises Ltd. Without requiring repeated court approvals, this order will allow Zee to take action against websites that are unlawfully streaming its content, including films, TV series, and Zee OTT programming.

    Interestingly, a John Doe order is a court order that permits an individual or organisation to pursue action against an unnamed person or group. “John Doe” serves as a stand-in for the unidentified individual who is being accused of misconduct. Under this arrangement, Zee can immediately alert internet service providers, the Ministry of Electronics and Information Technology (MeitY), and the Department of Telecommunications (DoT) to block websites that violate the law as soon as they are discovered. As a result, anti-piracy measures can be enforced more quickly and without the delays that come with regular judicial procedures.

    Piracy Protection to Zee’s Entire Entertainment Library

    Beyond the customary emphasis on live events, the decision also extends protection against piracy to Zee’s whole entertainment collection. First, the court ordered 103 websites that were streaming Zee’s content without permission to be blocked. With the most recent Asia News International (ANI) lawsuit against Netflix and the creators of the show “Watch IC 814: The Kandahar Hijack” for claimed copyright and trademark infringement. The Indian entertainment industry has experienced an increase in copyright infringement claims recently.

    ANI claimed in its appeal that the Netflix programme featured video of General Parvez Musharraf, Atal Bihari Vajpayee, and other people without a licence. In other news, Zee cancelled the $1.4 billion TV sub-licensing agreement with Disney Star for the 2024–2027 International Cricket Council (ICC) competitions.

    Dynamics of Dynamic+

    To combat the “hydra-headed” nature of copyright infringement, the Delhi High Court introduced the Dynamic+ injunction in August 2023. The order, which was proposed by Justice Pratibha Singh, safeguards copyrighted works that have already been generated as well as those that have not yet been. Following lawsuits against 16 pirate websites by studios like Universal, Netflix, and Disney, the decision was made. Judge Singh underlined that disregarding these illegitimate websites hinders innovation and results in financial losses. The Dynamic+ order streamlines enforcement without requiring recurrent court filings by protecting future content, in contrast to typical dynamic injunctions that target existing infringements.

    Justice Singh listed the traits of rogue websites, including anonymous ownership, repeated violations, and the hosting of unlawful advertisements. Some encouraged unapproved content sharing over Telegram, while others avoided earlier injunctions by using “alphanumeric variations.” Notably, websites with altered domains that had previously been prohibited in other instances, such as TamilMV and Vegamovies, resurfaced. These activities violated IT legislation by discouraging legitimate subscription models and profiting from advertisements. The court issued a thorough Dynamic+ order to stop these actions, siding fully with the studios.


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  • 500 Workers will be Laid Off by Ola Electric Due to Controversies and Subpar Performance

    The electric two-wheeler maker Ola Electric has restructured to reduce its workforce by roughly 500 employees due to concerns about its losses and after-sales service issues. According to the media, the exercise would affect workers at all levels and in all departments. In order to become profitable, the company managed by Bhavish Aggarwal wants to increase operational efficiency by cutting down on redundancies. 

    Employees from all departments will be impacted by the continuing exercise. The goal is to reduce costs in order to increase margins and profitability. According to additional sources, there is no deadline for finishing the exercise. In the second quarter of the current fiscal year, Ola Electric reported a net loss of INR 495 Cr (Q2 FY25). Although the year-over-year (YoY) loss decreased by 5.5%, it increased by 43% from INR 347 Cr in the first quarter of FY25. Ola Electric stated in its quarterly investor presentation that it would prioritise enhancing its bottom line through margin gain investments. Aggarwal, the business’s founder and CEO, stated during a post-earnings call that the company anticipates maintaining a steady operating expense level or possibly a modest decrease over the following two quarters. He said that as the business expands its distribution, revenue would continue to rise and operational costs will essentially remain the same or possibly decrease over the coming quarters. 

    Current Workforce and Financial Dynamics of Ola Electric

    By the end of FY24, Ola Electric had more than 4,000 employees on the payroll, according to its red herring prospectus. In Q2 FY25, the company invested INR 139 Cr in its workforce, a 23% YoY and 13% quarter-over-quarter increase. It’s important to remember that in June of this year, it was reported that Ola Electric intended to reduce its employment by 400–500 employees in an effort to streamline its business before going public.

    Additionally, within the past two years, it has carried out comparable reorganisation operations twice. The most recent exercise takes place during a period of months in which Ola Electrics’ stock has been steadily declining. On November 21, the company’s shares fell more than 12% from their listing price of INR 75.99 to a new all-time low of INR 66.85.

    Ola’s Tug of War with Government’s Agencies

    Growing complaints regarding the company’s e-scooters coincide with the stock’s downturn. The Central Consumer Protection Authority (CCPA) reportedly began a thorough inquiry into the company’s customer complaints last week. Ola Electric received a show-cause notice from the CCPA last month in response to user concerns.

    After that, the business reported that 99.1% of the 10,644 complaints had been settled to the full satisfaction of the client. According to reports in November, the CCPA determined that Ola Electric’s assertions were untrue.


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  • The Inspiring Journey of the Founder of Ixigo: Aloke Bajpai

    Ixigo’s visionary co-founder, Aloke Bajpai, has reimagined the travel tech business in India. From a tech-savvy student at IIT Kanpur to the man behind one of India’s leading AI-powered travel platforms, his journey is a story of innovation, perseverance, and a forward-thinking approach. 

    Bajpai first honed his skills at global travel tech company Amadeus before co-founding Ixigo with Rajnish Kumar back in 2007. Their idea was simple yet revolutionary: The idea to develop a technology-based meta-search engine to ease the travel process for travellers in India and make their journeys faster and more efficient is what they wanted to push.

    In this StartupTalky story, we will cover his early life, his struggles, Ixigo Group’s founding, and more. We will look at how innovative Aloke Bajpai has been in becoming a business tycoon. 

    Aloke Bajpai: Biography

    Name Aloke Bajpai
    Birth Place Gurugram, Haryana
    Education B.tech, Indian Institute of Technology, Kanpur (IIT) General Management, MBA, INSEAD MBA, The Wharton School Methodist High School
    Profession Founder, Chairman, Managing Director & Group CEO at Ixigo

    Aloke Bajpai: Early Life and Education
    Aloke Bajpai: Career
    Aloke Bajpai: Ixigo
    Aloke Bajpai: Investments
    Aloke Bajpai: Controversies
    Aloke Bajpai: Awards and Recognition

    Aloke Bajpai: Early Life and Education

    Aloke Bajpai - Co-Founder and CEO
    Aloke Bajpai – Co-Founder and CEO

    Aloke Bajpai’s early life marked the beginning of his future achievements. Bajpai grew up in India and has always shown a knack for technology and problem-solving. An exceptional aptitude for academics, in math and sciences in particular, marked his early education, which led him to pursue engineering later in life. 

    A passion for excellence and innovation drove Bajpai and he went on to pursue his undergraduate studies at one of India’s top engineering institutes, the Indian Institute of Technology (IIT) Kanpur. He developed his analytical skills and learned engineering fundamentals at IIT, majoring in electrical engineering. At this time, he was developing his technical skills and his ability to solve complex problems in a methodical way that would prove useful in his entrepreneurial career.

    After graduating in 2001, Bajpai went to Europe, joining Amadeus, a global leader in travel technology. It expanded his horizons and gave him an idea of how digital product management at the scale works. His experience at Amadeus, particularly on web-based products, only increased his interest in the digital travel industry and helped shape his vision for Amadeus’ future. At that time, Bajpai saw the possibility of the sector featuring new solutions, especially in the Indian travel market, which he felt was ready to be disrupted.

    Having a strong background in technology, Bajpai chose to strengthen his business skills with an MBA from INSEAD. He not only learned the basics of business management but also got a global perspective of entrepreneurship here. He was surrounded by peers from various backgrounds; this interaction helped him sharpen his strategic thinking and increased his understanding of market dynamics. Aloke’s time at INSEAD bridged his technical background with business acumen and helped him launch ixigo in 2007


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    Aloke Bajpai: Career

    Aloke Bajpai - Career
    Aloke Bajpai – Career

    Aloke Bajpai has become a leading and dynamic technology and travel sector leader with over two decades of experience. His journey to be a systems & network engineer at Amadeus, then a software engineer was truly inspiring. During his early days at Amadeus, he was an expert in network operations, and security and a Linux and Apache evangelist. This foundational experience resulted in his deep understanding of the complexity of systems and operational scalability in the travel technology domain.

    Aloke Bajpai co-founded Ixigo in 2007, a leading AI-powered travel app that has emerged as a central pillar of the digital travel ecosystem in India. Since then, he has played a key role in bringing ixigo to become one of India’s leading platforms, serving to the next billion users in travel. And under his visionary helm, ixigo added platforms like Confirmtkt and AbhiBus to its footprint which reaffirmed his business acumen in the technology-driven travel market.

    Aloke Bajpai is a seed investor at Freshbus, an electric long-range intercity bus service. His forward-thinking approach to sustainable transportation shows his commitment to modern, tech-driven solutions to some of the world’s biggest challenges. In addition, Bajpai is the Director at Confirmtkt, one of the ixigo group’s leading ticketing platforms for train travel in India.

    Aloke Bajpai’s career is a fine example of how a man with deep knowledge and foresight can lead an organization and is respected by the Indian business community. His work continues to inspire and influence the future of digital travel and technology, cementing his place as a true pioneer in his field.

    Aloke Bajpai: Ixigo

    Aloke Bajpai’s story is one of remarkable tenacity, foresight, and an unstinting commitment to use technology to make millions of Indian users’ travel experiences better. Ixigo was conceived in 2007 by Rajnish Kumar and Bajpai as a meta-search engine for travel. Ixigo was based on the belief that India’s travel landscape was in dire need of a more consumer-centric approach. Bajpai and Kumar are both graduates of IIT Kanpur and former colleagues at the travel tech firm Amadeus, and they saw a need for a platform that would empower travelers by facilitating their travel plans and booking through robust data and artificial intelligence.

    Co-founders started Ixigo modestly in a single-room office in Gurugram with less than INR 20 lakhs in savings between the both of them. It began as a meta-search engine that would aggregate deals from various travel websites and amassed 100,000 users in just six months without spending anything on marketing. The organic growth behind the founders’ resourceful approach was delivering value through product innovation and overspending on advertisements. The founders’ deep understanding of travel tech, along with their focus on developing a great user experience, drove the initial traction.

    In 2021, ixigo made a strategic pivot into India’s underserved train and bus travel markets, which resulted in accelerated growth in its user base. ConfirmTkt, a waitlist prediction and train ticket booking platform, was acquired by ixigo as part of the company’s commitment to this segment, giving it a market that few had ventured into. This has turned out to be a prescient decision; today, ixigo is India’s largest train ticketing platform, responsible for INR 501 crore in operating revenue in FY23, with train and bus bookings accounting for a significant part of this.

    The high point in the journey of Ixigo was when it was launched on the 2024 Indian stock exchange. Moreover, the share of the parent company of Ixigo, Le Traveneus Technology, which was opened at a very high premium was the reflection of the confidence stakeholders have in the company’s future growth. 

    Ixigo’s impressive listing and market performance were markers of its evolution from a fledgling startup to a major player worth about INR 6,275.87 crore. This was not just a financial milestone but a testament to the vision of Bajpai and Kumar to change the way travel was undertaken by Indian users, powered by technology and user experience.


    Ixigo Success Story – Business Model | Revenue | Funding | Owner
    Ixigo is India’s leading online & mobile travel search + planning website. Read More about Ixigo company profile, revenue, owner/founder, business model, funding, acquisitions, competitors


    Aloke Bajpai: Investments

    Investment Date Platform Focus Stage of Investment Sector/Industry
    InstaAstro 16-May-2024 Astrology and wellness services Seed funding Consumer services, wellness
    OnlineTyari 09-Nov-2024 Competitive exam preparation Angel & Series A funding rounds Education, digital platforms
    Twigly 26-Jul-2018 Food delivery Angel round Food services, tech
    Overcart 20-Feb-2020 Refurbished and overstock products marketplace Series A funding E-commerce, sustainability
    ZAPR 07-Mar-2017 Media consumption analytics Early venture Data analytics, media

    Aloke Bajpai: Controversies

    The CEO and co-founder of the online travel and hotel booking platform Ixigo, Aloke Bajpai, has been under fire after a reported security breach that exposed the data of 18 million users. The controversy first hit the headlines when the company issued an alert to its 100 million users after an alleged data breach, telling them to change their passwords. But Bajpai has said publicly that at present there is no evidence of a breach, and the investigation is underway with the help of security experts.

    However, the company’s response has not been well received. It also came just days after the alleged hack and raised concerns that the company had not communicated adequately with its users about the risks. Several critics have asked, whether Ixigo had done enough to counter the breach or was proactive enough in its response to the breach.

    Ixigo also defended its data security practices, noting that it stores only names and email IDs, not passwords, which are encrypted using a hashing algorithm. Even if someone gains access to the stored data, he said, they would not be able to access passwords, which are hashed and nearly impossible to unhash. 

    He added that most users log in through Google or Facebook accounts, which employ two-factor authentication to keep out intruders.

    The incident has also opened a wider discussion over tech companies’ security protocols and what could happen if data is breached in an increasingly digital world. Bajpai says Ixigo’s infrastructure is still secure and no user accounts have been compromised, but the scandal has drawn attention to the company’s practices and its handling of sensitive user information in a highly insecure online world.

    Aloke Bajpai: Awards and Recognition

    • Comeback Kid category at the Economic Times Startup Awards 2021
    • Entrepreneur of the Year Award in Service Business—Travel 2021 at the Entrepreneur Awards 2021. 
    • He was also awarded with the Distinguished Alumnus Award 2022

    FAQ

    Who is the owner of ixigo?

    The owners of ixigo are Aloke Bajpai and Rajnish Kumar, who co-founded the company.

    Is ixigo profitable?

    Yes, ixigo is profitable. It achieved profitability in recent years, driven by its focus on cost-efficiency and growth in the travel tech sector.

    How old is ixigo?

    ixigo was founded in 2007, making it 17 years old as of 2024.

  • TBO Tek: Revolutionizing Travel with Technology-Driven Solutions

    TBO Tek, a trailblazer in the travel technology landscape, has been transforming how travel suppliers and buyers connect across the globe. As a leading B2B platform, TBO Tek empowers travel agents, tour operators and online travel agencies with streamlined access to an expansive network of hotels, flights, car rentals, cruises and more. Through its asset-light business model and data-driven approach, the company creates unmatched value by helping suppliers showcase their inventory and enabling buyers to easily book travel across a range of segments—including leisure, corporate and religious travel.

    As demand for international travel rises, TBO Tek is positioning itself to leverage this growth with strategic investments in technology, international acquisitions and innovative solutions like its multi-currency, multi-lingual platform. With a track record of profitability and a focus on high-margin offerings, the company is set to capture a larger share of the expanding travel market.

    In this StartupTalky article we will explore TBO Tek’s journey, its history, growth, funding, business model, hardships, revenue model, funding, growth, challenges, competitors, and more.

    TBO Tek – Company Highlights

    Name TBO Tek
    Headquarters New Delhi, India
    Sector Global online travel distribution
    Founder Gaurav Bhatnagar and Ankush Nijhawan
    Founded November 6, 2006
    Website tbo.com

    TBO Tek – About
    TBO Tek – Industry
    TBO Tek – Founders and Team
    TBO Tek – Startup Story
    TBO Tek – Mission and Vision
    TBO Tek – Name, Tagline and Logo
    TBO Tek – Business Model
    TBO Tek – Revenue Model
    TBO Tek – Challenges Faced
    TBO Tek – Funding and Investors
    TBO Tek – Mergers and Acquisitions
    TBO Tek – Growth
    TBO Tek – IPO
    TBO Tek – Advertisements and Social Media Campaigns
    TBO Tek – Awards and Achievements
    TBO Tek – Competitors
    TBO Tek – Future Plans

    TBO Tek – About

    Travel Boutique Online stands as India’s premier travel distribution platform, empowering travel agents and tour operators to provide seamless, competitively-priced services to their customers. Since their inception, they’ve been delivering an extensive range of travel solutions to agencies across India—from bustling metros like Delhi, Mumbai, Chennai and Kolkata, to smaller cities—helping businesses expand and thrive in the travel industry. Their offerings include White Label Solutions, APIs for hotel and flight bookings, dynamic packaging and, more recently, mobile app development to meet the growing demands of the digital travel landscape.

    TBO Tek – Industry

    India’s online travel market reached a valuation of $15.6 billion in 2023 and is set to grow to about $28.4 billion by 2029, with a projected CAGR of 10.5% over 2024–2029. By 2024, the market size is estimated to be around $17.24 billion, showing steady growth as the country remains a dynamic and diverse destination for travel and tourism.

    Although the COVID-19 pandemic impacted India’s travel industry, it also presented a unique consolidation opportunity, allowing stronger companies to expand through acquisitions. Domestic tourism, in particular, is rebounding, driven by pent-up demand. Travel firms have reported a 25-30% boost in bookings for air travel and accommodations, especially for popular holiday seasons like Christmas and New Year’s.

    Mobile apps have become crucial in this market, with major players like MakeMyTrip, Yatra, Cleartrip, Goibibo and Booking.com leading the way. Their user-friendly apps allow travelers to book flights, hotels, holiday packages and even car rentals seamlessly on the go, making online bookings more accessible and convenient than ever.

    TBO Tek – Founders and Team

    Gaurav Bhatnagar and Ankush Nijhawan are the co-founders and joint Managing Directors of TBO Tek.

    Gaurav Bhatnagar

    Gaurav Bhatnagar - Co-founder and Joint Managing Director, TBO Tek
    Gaurav Bhatnagar – Co-founder and Joint Managing Director, TBO Tek

    Gaurav Bhatnagar is the co-founder and joint Managing Director of TBO Tek.

    Twenty years ago, on Halloween, Gaurav Bhatnagar took a one-way flight from Seattle to Delhi. In 2004, it was quite unconventional for a middle-class professional to leave a prestigious job at Microsoft to return to India, but he was determined to fulfill a promise he’d made to himself.

    Going to the US after graduation was never part of his initial plan. He had witnessed the first dot-com boom of 1999-2000 and was already set on building his own company. However, the Microsoft offer came along and it was too good to pass up. Back then, taking a job in the US often felt like a one-way commitment, but he promised himself that he would return after two years.

    Gaurav ultimately spent nearly three years in Redmond. His time there transformed him, leaving him with unforgettable memories and friendships. He experienced firsthand the dynamics of a world-class tech company, working in an era when Microsoft was widely regarded as the gold standard. These experiences left a lasting impression on him and shaped his own ideas on building a company.

    Shortly after returning to India, his entrepreneurial journey began and the rest, as he says, is his own little piece of history.

    With a bachelor’s degree in computer science and engineering from the Indian Institute of Technology, Delhi, he began his career with Microsoft Corporation. He is also a member of the executive committee of the World Travel & Tourism Council (WTTC) and co-founded both TBO and Tekriti Software Private Limited. Mr. Bhatnagar joined the company’s Board of Directors on November 6, 2006 and has been integral to its growth since its inception.

    Beyond his role at the company, he serves as a director at several other ventures, including Tek Travels DMCC, Mediology Software Pvt. Ltd., YB Software Pvt. Ltd., NB Technologies Pvt. Ltd., TBO Holidays Pte Ltd., TBO Technology Services DMCC, TBO Technology Consulting Shanghai Co. Ltd. and ZamZam E Travel Services DMCC. He also contributes as an advisor to Kisho Capital.

    Ankush Nijhawan

    Ankush Nijhawan - Co-founder and Joint Managing Director, TBO Tek
    Ankush Nijhawan – Co-founder and Joint Managing Director, TBO Tek

    Ankush Nijhawan is the co-founder and Joint Managing Director of TBO Tek alongwith Gaurav Bhatnagar.

    Ankush, a BBA graduate from Boston with a dual major in Marketing and Psychology, is making waves in the travel industry as a visionary leader at the Nijhawan Group. With a sharp focus on building a strong brand proposition and positioning the group with its core business values, he is actively exploring new avenues for growth to establish market leadership. His transformative approach has earned him recognition from CNBC as a Young Turk for his innovation in travel through his B2A travel portal and he was recently honored with the AsiaOne 40 Most Influential Asians Under 40 Award. Today, Ankush stands out as one of the most successful young leaders in the travel sector.

    Understanding that technology would play a pivotal role in shaping the industry’s future, Ankush co-founded Travel Boutique Online (TBO) in 2006. Alongside a talented team and with a forward-thinking mindset, he saw the untapped potential in the B2B travel market, establishing himself as a cornerstone of TBO’s success. His efforts have helped TBO grow into a leading player, widely respected across the industry.

    A passionate globetrotter, Ankush’s love for discovering hidden gems worldwide fuels his drive to create unique, immersive itineraries that go beyond typical travel experiences. His enthusiasm for diverse cultures and commitment to sustainable tourism inspire him to foster meaningful connections with local communities, making his approach to travel both innovative and impactful.


    Ixigo Success Story – Business Model | Revenue | Funding | Owner
    Ixigo is India’s leading online & mobile travel search + planning website. Read More about Ixigo company profile, revenue, owner/founder, business model, funding, acquisitions, competitors


    TBO Tek – Startup Story

    Ankush came from a family with a background in travel, which inspired him to start Travel Boutique in 2000, shortly after returning from his studies. Initially, it was a B2B offline travel company operating in North and some parts of East India. By 2005, with the internet making strong inroads into the travel industry, Ankush saw both a challenge and an opportunity, as companies like MakeMyTrip and Yatra were quickly adapting to online models.

    Around this time, he met Gaurav through a mutual friend. Gaurav, a computer science graduate from IIT Delhi, had been working at Microsoft in the U.S. but returned to India to pursue his entrepreneurial dreams. With his vision that travel would be one of the first sectors to move online due to minimal logistics needs, Gaurav wanted to create an online travel platform. At that point, he was running a software services company called Tekriti Software.

    Their meeting led to a powerful collaboration. Together, they transformed Travel Boutique into Travel Boutique Online (TBO) in 2006. TBO Tek Ltd. was born with a mission to simplify airline ticketing and meet the diverse needs of travel agents. The reimagined platform provided travel distribution services, streamlining the travel inventory to suit the specific demands of its clients. What started as an air-ticketing solution evolved into a global travel distribution platform, connecting travel buyers and suppliers across the world.

    Today, TBO is a leader in B2A (Business to Agents) travel services, serving clients across the Americas, the UK, Europe, Africa, the Middle East, India and the Asia Pacific. A significant milestone was achieved on May 15, 2024, when TBO was publicly listed on the NSE and BSE in India, marking a new chapter in its growth journey.

    TBO Tek – Mission and Vision

    The Vision of TBO Tek is as below:

    At TBO, they aim to lead the global travel scene with smart innovations and powerful tech. They want to be the go-to choice for travel partners everywhere by offering the largest selection of hotels—both domestic and international—and making sure all their partners have the best travel options right at their fingertips. Their vision is all about making travel more accessible, connected and simple for everyone involved.

    The Mission of TBO Tek is as below:

    1. Putting Tech First: TBO is all about driving the industry forward with tech! From custom white-label and API solutions to mobile apps, they’re here to equip travel companies—big or small—with the tools they need to succeed.
    2. Best Prices, Every Time: Getting the best deal shouldn’t be hard. By fine-tuning their hotels and packages departments, TBO ensures their partners always get competitive rates, whether booking locally or globally.
    3. Stay Connected, Anytime: With TBO Mobile, their partners can access everything they need, wherever they are. Plus, the new Announcements and Notifications page provides the latest updates in just one click.
    4. Here to Support You: Great tech is just one part of TBO’s promise. Their client servicing team is dedicated to ensuring partners always have support on hand. Whether it’s a quick question or something more in-depth, their team is only a call away!

    With their focus on constant innovation and top-tier support, TBO is always working to make travel businesses thrive.

    TBO Tek Logo
    TBO Tek Logo

    TBO Tek has launched a fresh, vibrant logo that perfectly captures the company’s youthful energy and customer-first approach. This new identity reflects their ongoing commitment to innovation and their dynamic role in revolutionizing the travel industry. Alongside the logo, TBO Tek has also unveiled a new brand tagline: “Empowering Travel, Connecting People.”

    TBO Tek – Business Model

    TBO Tek operates on an asset-light business model that leverages operating efficiencies and strong cash generation. Their core platform, tbo.com, serves as a bridge between a large and fragmented network of suppliers and buyers. The platform allows suppliers to market their inventory, set prices and connect with a global base of buyers. On the buyer’s side, tbo.com offers an integrated, multi-currency and multilingual solution that makes booking travel across various segments—such as leisure, corporate and religious travel—seamless and accessible worldwide.

    TBO Tek’s business model is underpinned by the strategic use of data as a corporate asset. This data-driven approach enhances their value proposition and drives growth through value-accretive acquisitions. Additionally, the platform fosters a network effect with interlinked flywheels, which strengthens its overall ecosystem and enhances the value for all partners involved.

    TBO Tek’s leadership team, along with its board of directors, brings a wealth of experience and expertise to the company, guiding its mission to revolutionize the travel industry. By maintaining a focus on technological innovation and operational efficiency, TBO Tek has created a highly scalable platform that continues to evolve, expanding its global footprint and strengthening its position as a leader in the travel technology space.

    TBO Tek – Revenue Model

    TBO Tek operates with two primary revenue models: the B2B Rate Model and the Commission Model, both of which play a key role in its robust financial structure.

    B2B Rate Model

    Under this model, TBO Tek receives inventory from suppliers (such as hotels, airlines, car rentals and cruises) at special B2B rates. TBO Tek then applies a mark-up on these rates and passes the adjusted price to buyers (travel agencies, tour operators, etc.). This model allows TBO Tek to earn a profit on the difference between the supplier’s rate and the price charged to buyers, creating a steady stream of revenue from the mark-up applied to each transaction.

    Commission Model

    In the commission model, suppliers set the price at which they wish to sell their products to end travelers. TBO Tek receives a commission on each transaction made through its platform. A portion of this commission is retained by TBO Tek, while the remaining portion is shared with the buyer. This model ensures that TBO Tek benefits from each successful booking, fostering strong partnerships with suppliers and maintaining a steady flow of income.

    Together, these revenue models enable TBO Tek to generate consistent and scalable income while simplifying the business of travel for both suppliers and buyers. The combination of competitive B2B pricing and commission-based earnings ensures the company’s platform remains attractive to a wide range of travel industry partners across the globe.

    TBO Tek – Challenges Faced

    TBO Tek’s revenue model is sensitive to several external factors, including global economic shifts, security and environmental concerns and unforeseen events like epidemics or natural disasters, all of which can significantly affect the travel and tourism industry. Their revenue is heavily reliant on hotel bookings and air ticketing, meaning any disruption in these sectors can directly impact their earnings.

    A major challenge lies in the company’s dependency on a limited range of suppliers. Changes in supplier dynamics, such as cost reduction pressures or the inability to establish new supplier relationships, could lead to disruptions in the inventory they offer. This can result in fluctuations in both revenue and profit margins. Additionally, delays in receiving payments or recoverable amounts from airlines could have a negative effect on their cash flow.

    Furthermore, as suppliers seek more control over distribution channels—particularly by moving toward direct platforms to reduce intermediaries—TBO Tek’s ability to renegotiate contracts with suppliers may become increasingly difficult. This scenario could affect the company’s competitiveness and profitability.

    The duopoly in the Indian aviation industry, where two dominant players control much of the market, also presents a significant challenge. The limited competition in this sector may influence pricing, availability and terms, creating additional business pressures for TBO Tek in the region.


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    Explore the extraordinary growth of India’s tourism industry, setting unparalleled benchmarks through diverse initiatives.


    TBO Tek – Funding and Investors

    TBO has secured a total of $61 million in funding across 3 rounds, with its first round taking place on March 28, 2012 and last funding round on September 1st 2018.

    Date of funding Funding Amount Round Name Investors
    Sep 01, 2018 $50M PE Affirma Capital
    Feb 26, 2015 $2.34M Seed Naspers
    Mar 28, 2012 $8.66M Seed Naspers

    TBO Tek – Mergers and Acquisitions

    TBO Tek has strategically expanded its global footprint through acquisitions like:

    Acquired Company Date
    BookaBed 2023
    Jumboline 2023
    Island Hopper 2019
    Gemini Tours and Travels 2022

    TBO Tek – Growth

    Travel Boutique Online (TBO Tek) has displayed impressive financial growth and operational expansion in recent quarters, underscoring its strong position in the travel industry. Here are some key highlights of their performance:

    Q1 FY25 Financial Performance

    • Net Profit Growth: TBO Tek’s consolidated net profit surged by 29%, reaching INR 60.91 crore.
    • Revenue Growth: Operating revenue increased by 21%, amounting to INR 418.5 crore.

    FY24 Financials

    TBO Tek Financials 2023 2024
    Operating Revenue INR 1065 crore INR 1393 crore
    Total Expenses INR 914 crore INR 1181 crore
    Profit/Loss INR 148 crore INR 201 crore
    TBO Tek Financials FY24

    Revenue Growth Over the Last Three Years

    TBO Tek has experienced substantial growth in revenue, rising from INR 141.80 crore in FY21 to INR 1,064.58 crore in FY23, reflecting their expansion and strong market position.

    Customer and Seller Expansion

    • Buyers: The number of buyers using TBO Tek’s platform grew from 23,532 in FY21 to 41,861 in FY24.
    • Sellers: The platform’s seller base expanded dramatically, increasing from 45,025 in FY21 to 2,13,633 in FY24. This significant growth indicates the platform’s increasing popularity and trust among both buyers and sellers in the global travel industry.

    Booking Rate

    The booking rate on TBO Tek’s platform also showed a healthy increase, rising from 4.87% in FY21 to 7.29% in FY24, a sign of growing customer engagement and successful conversions.

    Gross Transaction Value (GTV)

    GTV Growth: TBO Tek’s GTV grew by 14% year-on-year, reaching INR 7,940 crore in Q1 FY25, highlighting the platform’s expanding reach and increasing transaction volume.

    TBO Tek – IPO

    The much-anticipated IPO opened for bidding from May 8 to May 10, 2024, with a price band set between INR 875 and INR 920 per share. Investors could participate with a minimum lot size of 16 equity shares. The total issue size was INR 1,550.81 crore, and the allotment of shares was finalized on May 13, 2024. Following its successful subscription, the shares made their debut on the BSE and NSE on May 15, 2024, marking another milestone in the company’s journey.

    TBO Tek – Advertisements and Social Media Campaigns

    Grand prize winner Sarah Raouf walks away with BMW X2
    Grand prize winner Sarah Raouf walks away with BMW X2

    In an exciting turn of events, TBO Holidays has revealed the grand prize winner of its highly successful ‘Book n Win Bonanza’ promotional campaign, which ran for 120 days across the MEA region. The campaign culminated in a thrilling raffle draw, where Sarah Raouf from Family Tours, Egypt was declared the lucky winner of the grand prize – a brand new BMW X2!

    Campaign Highlights

    • Grand Prize: Sarah Raouf, a travel agent from Family Tours in Egypt, took home the BMW X2 as the grand prize winner of the campaign.
    • Total Winners: Over 1,500 winners were chosen throughout the campaign, with 6,000 rewards distributed in total.
    • Campaign Duration: The 120-day campaign started in April and ran successfully, engaging over 1,200 travel agents across the region.

    Rewards and Prizes

    The ‘Book n Win Bonanza’ campaign was a huge success, offering a wide variety of prizes to lucky participants:

    • TBO+ Reward Points: 1,200 travel agents won TBO+ Reward Points, which could be redeemed for any products of their choice on the TBO.com platform.
    • Cruise Packages: Two fortunate agents received cruise packages courtesy of MSC Cruises.
    • Spin the Wheel: Participants also had the chance to spin the wheel on the TBO Holidays’ online platform, winning exciting prizes like:
      • iPhones, iPads, iMacs
      • Large screen televisions
      • Shopping vouchers
      • Cruise packages
      • 5-star hotel and resort vouchers for exotic locations like Thailand, Malaysia and UAE

    Campaign Success and Engagement

    The ‘Book n Win Bonanza’ was designed to reward TBO Holidays’ loyal travel agent partners while also promoting engagement with the platform. With over 1,500 winners, the campaign successfully created buzz and excitement within the travel agent community, strengthening TBO Holidays’ relationship with its partners across the region.

    This marketing initiative highlighted TBO Holidays’ commitment to supporting travel agents with valuable incentives, showcasing their brand as a key player in the travel distribution space.

    TBO Tek – Awards and Achievements

    • World’s Leading B2B Travel Provider: Awarded to TBO Holidays at the 26th Annual World Travel Awards in 2019, a testament to TBO’s global reputation.
    • Best Travel Technology Provider – B2B Category: Received at the Travel and Tourism Excellence Awards by FICCI, underscoring TBO’s innovation in travel technology.
    • Best Online Travel Agency: Recognized again by FICCI, reflecting TBO’s excellence in B2B travel agency support.
    • Best Online Travel Booking Site: TBO won this at SATTE 2019, highlighting its seamless booking experience.
    • Hotel Bedbank – Best Website: Awarded to TBO Holidays at the TravelMole Asia Pacific Awards in 2019 for its user-friendly and efficient booking platform.
    • Most Valuable Partner Dubai: Presented by FCM Travel Solutions UAE in 2019, affirming TBO’s valuable partnerships in the MEA region.
    • Best Online B2B Travel Portal: East India 2016 and South India 2016 by India Travel Awards,
    • The World’s Greatest Brands 2015-16 and Best Innovative Technology Product – North India 2015

    TBO Tek – Competitors

    TBO Tek competes with a range of other travel technology companies, all striving to dominate the B2B travel booking and distribution space through innovative tech solutions and expansive supplier networks such as:

    • TravClan
    • InterGlobe Technology Quotient
    • Vakrangee
    • Indian Railway Catering & Tourism Corporation Ltd
    • BLS International Services Ltd
    • Thomas Cook (India) Ltd
    • Easy Trip Planners Ltd
    • LE Travenues Technology Ltd.

    TBO Tek – Future Plans

    TBO Tek is driving its global expansion by strategically establishing and acquiring subsidiaries, such as TBO Jumbonline Canarias in the Canary Islands, to capitalize on the region’s tourism growth. This new subsidiary, operated by the recently acquired Jumboline Accommodations & Services for INR 219.6 Cr, aims to leverage local expertise and broaden TBO’s reach in the European market.

    The company’s international growth plan focuses on acquiring companies with strong distribution and supply networks to build a robust travel ecosystem. Previous acquisitions, such as Island Hopper in the Indian Ocean Islands and Gemini Tours and Travels in the Maldives, showcase TBO’s commitment to widening its global footprint. With the expected 11.1% CAGR growth in the outbound travel market through 2027, TBO Tek is positioned to capture a significant share by investing in user acquisition, expanding its buyer and supplier base and conducting targeted marketing and promotional activities. A portion of IPO proceeds will also be allocated towards further strategic acquisitions to solidify TBO’s presence worldwide.

    FAQs

    What is TBO Tek?

    TBO Tek is a technology-driven travel platform that offers a range of services for travel agents, tour operators, and suppliers. It provides a comprehensive suite of tools to manage travel bookings, such as hotel reservations, flights, and holiday packages.

    When was TBO Tek founded?

    TBO Tek was founded on November 6, 2006.

    Who are the founders of TBO Tek?

    Gaurav Bhatnagar and Ankush Nijhawan are the co-founders and join managing directors of TBO Tek.

  • Bhawana Khetan on Building Address Advisors Into India’s First Global Real Estate Consultancy

    In this insightful conversation with Bhawana Khetan, Co-founder of Address Advisors, a leader in Indian real estate consultancy, she shares insights into the company’s vision of becoming the first Indian property consultant with a global presence. Khetan discusses the company’s journey over eight years, key milestones, team expansion, and service diversification. She also highlights the role of technology, emerging trends like co-working spaces, and the growing importance of warehousing in India’s economy. Khetan’s mantra, “Nothing is Impossible,” drives Address Advisors as they work towards global expansion while keeping transparency and client focus at the core of their business.

    StartupTalky: What inspired you to start Address Advisors, and how has the company and its vision evolved over the years?

    Ms. Khetan: Our vision is to be the first Indian Property Consultant which is global and we are on the path to achieve the same. Real Estate has always been our passion and that coupled with entrepreneurial spirit inspired the first steps and initial phase. The robust nature of the Indian Real estate scenario over the last decade and the fact that real estate will be a key component as India is poised forward in the next few decades has only nurtured the initial belief and also guided the vision further.

    As I said, our vision has always been to take India to a global platform. We have never had an Indian property consultancy that has a global presence and we wanted to disrupt that. We have always strived to be different in our services-oriented behavior and be a transparent real estate consultancy.

    Our vision has always been single-focused, however, how the path to get there has definitely evolved. We always work to discover new business opportunities and focus on key verticals. Having said that, our core values remain the same, and how we do business has consistently evolved.

    StartupTalky: Address Advisors recently completed 8 years in the industry; how has your team contributed to it, and what key milestones have you achieved in this journey?

    Ms. Khetan: We follow the principle of ‘each one teaches one’. Nurturing, and guiding growth have been a foundational principle for us. All the growth, expansion, and diversification we have accomplished has been the confidence that comes to me from our team. Our team has always been our source of existence, we are a people’s company and teamwork is one of our value pillars that we believe in. We have many key milestones, one being strong trust received from our clients who give us repeat business.

    It all started with two of us – Sunny and me but today we have 170+ employees. It started with commercial leasing and today we have expanded to warehouse / industrial leasing, land transactions, and residential verticals.


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    StartupTalky: How does Address Advisors address a diverse range of real estate needs—commercial, residential, industrial, and hospitality?

    Ms. Khetan: We are able to achieve a wide range of services with our specialised team members. Residential is a B2C vertical, commercial office leasing and warehousing is B2B, so the kind of skill sets required are very different. We focus on evolving learning protocols and advocating our core values –  ethics, integrity, and transparency.

    Having started with the commercial real estate vertical we grew exponentially with the startup boom and continue to serve an elite list of clientele from the start-up space. With GST, growth of E-commerce, and global China +1 strategies we sensed a big wave of demand in the Industrial and warehousing space and set up the desk soon after the CRE division.

    When the world wrote off real estate during the COVID we saw opportunities in the residential sector with growing demand for bigger homes on account of work from home. In summary, it is a combination of our core values coupled with sharp business acumen that has contributed to our success in each of the business verticals.

    Ms. Khetan: The startup scenario in India in general and Bengaluru, in particular, was a game-changer as far as commercial real estate is concerned. Flexibility, non-formal environment, set-ups inspiring collaboration started taking center stage. Shared spaces and co-working hubs came across as the perfect recipe for the occasion. These spaces help us cater to the growing needs of millennials and Gen-Z work culture.

    As businesses and individuals we have to be very agile and adaptive to any business trend or environment we are exposed to and managed office space was one such business trend that emerged in the real estate space in the last three years. We understand the business and client needs, and giving them a solution that suits their needs has been an important trend for us.

    StartupTalky: With operations across various cities like Bengaluru, Pune, and Hyderabad, how do you tailor your services to meet the specific real estate demands of each market?

    Ms. Khetan: The myth that Pune is Automobile, Bengaluru is Software, Hyderabad is Pharmaceutical is fading away. With infrastructure development, telecommunication, and central tax planning, each city now boasts a wide range of industries and some even overlap. Organisations and corporations now have a footprint in multiple cities which has also resulted in breaking real estate stereotypes. We concentrate on absolute client requirements and are not seeing trends based on geographies dominate any longer.


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    StartupTalky: How has technology impacted the real estate sector, particularly regarding client engagement and operations?

    Ms. Khetan: Technology is creating a multifaceted impact on the Real Estate Sector. It is making information segregation and customisation for products like tech parks or residential homes, a lot easier and faster. With a click of a button, one can create and deliver required data points to unique customers, thus making the whole process transparent and agile.

    It starts at the acquisition stage, where a property developer or consultant can collect detailed specific requirements from prospective customers without having to meet in person. Next comes the shortlisting of products based on customer requirements and eligibility. There are specialised CRM tools that review and analyse multiple projects/products and recommend the best possible ones based on clients’ financials as well as lifestyles. Last but the most impactful is the operational part where the entire process of pre-sale, sale, and after-sale documentation is done largely digitally and within no time.

    The entire cycle of digital marketing, client acquisition, engagement, information dissipation, shortlisting of products, financing, documentation, and deal closure can happen in a matter of a few days. Hence we call ourselves an end-to-end platform.

    StartupTalky: What are the main challenges facing the Indian real estate industry today, and how do Address Advisors respond to these challenges?

    Ms. Khetan: The Indian Real estate sector has a notorious image, lack of transparency, and statutory complexities to name a few. Each situation or transaction is unique in its own way and so are the challenges associated with it. However, having a very strong core in our ethos and culture has helped us overcome challenges; some easy, some difficult and some failed. The strong ethos and culture I refer to are basic in nature but require discipline to be upheld. Integrity, professionalism, emphasis on learning and development, and perseverance are key to us.

    StartupTalky: How important are warehousing, industrial, and logistics real estate in India’s economy, and what steps are Address Advisors taking to engage with this segment?

    Ms. Khetan: Warehousing/Logistics and Industrial are two different large asset classes in themselves which are essentially clubbed together due to the apparent similarities in their buildings. Warehousing and Logistics form the backbone of any distribution network whether B2C or B2B. With India banking on its internal consumption to leap into the league of largest economies in the world, warehousing, and logistics will play a crucial role in connecting businesses to end users.

    We currently serve an elite list of clients for their warehousing/logistics requirements, and this was possible through focused business development and a focused mapping of the market. Also, having teams seamlessly coordinating across different cities has given us an edge in serving the same client in different geographies.

    India’s real estate market is expected to reach USD 1 trillion by 2030. The logistics sector alone contributes significantly to India’s GDP, estimated at around 12-14% (including warehousing and industrial components). Major e-commerce and quick commerce players like Amazon, Flipkart, and Zepto depend on modern warehousing and distribution facilities to efficiently store, sort, and deliver products to customers. This makes warehousing and distribution networks very critical.

    To handle the surge in demand, India needs a growing network of state-of-the-art warehouses strategically located in urban and rural areas, connected to major transportation hubs. The increase in demand for warehouses for e-commerce fulfillment is one of the key drivers of growth in India’s logistics and warehousing market.


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    StartupTalky: In a competitive market, what makes Address Advisors stand out from other real estate consultants and firms?

    Ms. Khetan: We have always believed in building strong client and employee relationships, with client retention as one of our biggest strengths. In addition to this, the core principle to consistently improve (our market knowledge/business acumen/process) has always been a point of appreciation from clients. At Address Advisors, we’ve focused on building the brand through modern channels utilizing social media, and creating relevant content to educate our customers.

    StartupTalky: What is your business model, and how does it highlight the growth of Address Advisors?

    Ms. Khetan: We operate as a brokerage house across all real estate divisions, building name recall throughout every vertical starting from Corporate real estate, Warehousing land & Industrial to Residential real estate. Beyond the brokerage house, we also operate under different brand names to offer design & build, facility management, and even underwrite properties. To share perspective on our growth trajectory, we are a bootstrapped firm expanding to multiple cities and expanding our team in multiple cities, while taking pride in double-digit CAGR across the 8 years since our inception.

    StartupTalky: How have recent events like the Property Expo—Property Buffet—contributed to Address Advisors’ growth and client engagement, and what feedback have you received from attendees?

    Ms. Khetan: The biggest challenge for any real estate buyer is the complexity of the product selection process. There are multiple real estate developers, having a variety of products in all the possible micro markets in a typical metro city. It is a daunting task to collect, assimilate and analyse all the information, then visit the property sites and interact with the sales team of multiple developer companies. We at

    Address Advisors decided to solve this and thus started doing a property expo where we invited all the key developers in Bengaluru, and provided them the opportunity to showcase all the products and projects in one place. The idea got tremendous traction and we were overwhelmed with the response. We were able to cater to a large customer base of more than 2700 just in 2 days. The customers were very happy to get all the information and interaction under one roof resulting in business for us.

    We also got good and diversified feedback from customers which we are in the process of implementing. Overall it was a great experience and we are looking forward to and have started prepping for the next expo.

    StartupTalky: How does your belief that ‘Nothing is Impossible,’ shape your leadership and influence projects at Address Advisors?

    Ms. Khetan: As a founder, I truly believe in “Nothing is Impossible,” it’s more than just a statement for me. It’s this growth mindset that shapes everything we do as a company. It represents our unwavering belief and commitment that we are capable of achieving extraordinary things.

    In today’s real estate business scenario, the challenges we face are often complex in nature and hence it becomes even more critical to recall innovation, resilience, and critical thinking. This vision pushes us to think relentlessly about cultivating a growth mindset, inspiring us to tap into our full potential, deliver exceptional value to our customers, and break through our own boundaries.

    Our leadership lies within our people, with this vision at the forefront of our strategy, aligning every aspect of our business to this. We constantly put ourselves in a position to achieve great deals — and that’s what sets us apart.

    StartupTalky: Looking ahead, what are your future goals for Address Advisors, and how do you plan to expand the company’s reach and services over the next 5 years?

    Ms. Khetan: The next 5 years are absolutely critical when our vision comes to success. Along with building strong teams across the country, we will expand beyond boundaries to offer our services globally by establishing in various markets across South Asia, the Middle East, and North America. We aspire to set a benchmark and establish Address Advisors, the first Indian property consultant that is global. We also intend to expand in different verticals from facility management, project management, to consulting and thereby becoming a one-stop solution for all our clients.


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  • Paytm UPI Now Works in UAE, France, and Singapore

    Owned by One97 Communications Limited (OCL), Paytm, the leader in digital payments in India, has extended its offerings to include international Unified Payments Interface (UPI) transactions.

    Paytm users may now use the UPI system to make easy cashless payments in the UAE, Singapore, France, Mauritius, Bhutan, and Nepal, facilitating safe and transparent transactions with foreign retailers who use UPI.

    How it Operates Internationally?

    Travellers can use the Paytm app to instantly activate the international UPI service. A one-time activation connected to the user’s bank account is necessary for the setup. The app will immediately direct users to enable the service when they scan a UPI-enabled QR code overseas. 

    Depending on the length of their travel, customers can designate a usage term, from one day to ninety days, to maintain control and security. In order to prevent unintentional payments to overseas merchants, the feature also permits deactivation upon return to India. Before completing transactions, users are also fully informed about bank conversion costs and exchange rates. 

    How it can Benefit the Travellers?

    By enabling cashless payments for dining or shopping, the international UPI service streamlines spending at well-known locations across the globe. As leaders in mobile payments, Paytm is excited to provide its services to Indian tourists, particularly as the holiday season draws near, a Paytm representative stated. The company’s dedication to empowering users anywhere in the world is demonstrated by this invention. 

    Paytm’s this Year’s Performance

    After the decline brought on by the Reserve Bank of India‘s (RBI) action against Paytm Payments Bank, Paytm is confident that it is back on track. As income increased sequentially, the corporation is credited with reviving the revenue trend. Due to tax ramifications associated with the one-time gain that won’t be evident for several months, it is now unclear whether Paytm’s performance in Q2 has improved over Q1. During the Q2 FY25 earnings call, however, CFO Madhur Deora and founder and CEO Vijay Shekhar Sharma were eager to discuss how Paytm can return to actual profitability.

    The default loan guarantee mechanism in the merchant lending industry took up a large portion of the call. In addition, Sharma asserted that the AI-led efficiency and productivity push and the cross-selling approach received some attention and should lessen Paytm’s need for hiring. As reported by media agencies, Paytm would reimburse its bank or NBFC lending partners for any losses resulting from defaults in its loan portfolio up to a predetermined proportion of the total amount disbursed under a default loan guarantee (DLG), also known as a first loss default guarantee (FLDG).


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  • Deepinder Goyal, CEO of Zomato, Updates on his Odd Employment Offer

    Zomato CEO Deepinder Goyal reacted to social media on 21 November to clarify that charging people INR 20 lakh was never part of the strategy, and he hoped that ‘paying the company to get a job’ would not become the standard. This came a day after Goyal posted an unusual job vacancy for his Chief of Staff.

    Goyal revealed that over 18,000 individuals had applied for the position before announcing the application closing in a post on X. This was no ordinary job posting. According to Goyal, “You have to pay us 20 lacs (sic)” was just used as a filter to identify those who were capable of appreciating the chance for a fast-track career without becoming constrained by external factors, as some individuals noted.

    Goyal reaffirmed that charging INR 20 lakh was never part of the plan while sharing a screenshot of his chat with a user on X. “We will not eventually ask for 20 lacs (sic) and pay the right person anyway,” he remarked during the conversation.

    Focus on Selecting the Right Person

    Goyal went on to say that the whole idea was to turn down the majority of applications that had a financial objective. He went on to say that the majority of applications from those who have money or have even discussed money will be rejected by the company. From the plethora of applications it has received, the firm will identify sincere intent and a learning attitude. 

    Goyal asserted that “money is an essential thing to keep people’s lives running,” saying that he thinks it’s important to pay more than the going rate in order to prevent money from getting in the way of excellent work. He added that during the course of the following week, the company will analyse the submissions and get in touch with the applicants they felt would be the best fit for the company.

    How this Entire Episode Started?

    “Anything and everything to build the future of Zomato (including Blinkit, District, Hyperpure, and Feeding India)” was the job description Goyal posted on X on November 20th for his “Chief of Staff.” Working with some of the most intelligent people in consumer technology, he said the position would provide “ten times more learnings than a two-year degree from a top management school.” “This role is not a conventional role with the usual perks that such jobs come with,” Goyal said.

    “There is no salary for this role for the first year,” Goyal stated when asked about pay details. In actuality, you will need to spend INR 20 lakh for this chance. If you are given the position and accept it, Feeding India will receive a direct gift in the amount of this “fee.”

    Instead of applying for a fancy, well-paying job that would make you look cool in front of yourself or the people you want to impress, Goyal advised applicants to apply just for the learning opportunity it offers.


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  • The Government Announces Updated Forex Regulations for Startups

    The Reserve Bank of India (RBI) has announced the updated Foreign Exchange Management Regulations, 2024, to make it easier for startups to conduct business. The November 19 modifications open the door for the updated FX rules to incorporate the Department for Promotion of Industry and Internal Trade’s (DPIIT) 2019 decision on the amended definition of startups.

    With regard to opening foreign currency bank accounts for DPIIT-recognised startups, the new regulations, known as the Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) (Fourth Amendment) Regulations, 2024, are intended to streamline the procedure and eliminate any confusion among authorised dealer banks.

    Reason For the Amendment

    In the past, a company could only be classified as a startup if it had a turnover of less than INR 25 Cr and for a maximum of five years. DPIIT’s 2019 notification, however, raised the turnover cap to INR 100 Cr under the liberalised system and loosened the threshold to ten years from the date of formation. More DPIIT-recognized startups will be able to create and maintain interest-bearing accounts in Indian Rupees or foreign currency as a result of these changes, which will also be reflected in the updated forex regulations.

    The DPIIT has more than 1.5 lakh registered startups. Startups that register with the agency are eligible for a number of benefits, such as tax deductions, reduced compliance requirements, and temporary immunity from labour law inspections. For ease of doing business, it is important to remember that earlier this year, the Budget 2024–25 recommended harmonising the concept of a “startup” across multiple laws.

    Foreign Exchange Management Act

    In order to facilitate foreign exchange payments and trade with other countries, the Indian government replaced the Foreign Exchange Regulation Act (FERA) of 1973 with the Foreign Exchange Management Act (FEMA) in 1999. For a variety of reasons, such as receiving and paying foreign currency, purchasing and transferring real estate outside of India, opening and maintaining foreign currency accounts, and investing in overseas businesses, FEMA compliance is required for Indian startups that deal in foreign exchange.

    According to Mayank Arora, Regulatory Director at Nangia Andersen India, the recent change to the FEM (Foreign Currency Accounts by a Person Resident in India) Regulations is consistent with the DPIIT’s most recent notification, which aims to standardise the definition of a startup.

    The RBI’s Foreign Exchange Management (Deposit) (Fourth Amendment) Regulations, 2024, added a new clause that permits authorised dealers in India to open and manage interest-bearing accounts in foreign currencies or Indian Rupees for non-resident individuals.


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