HappyEasyGo secures new funding from its existing shareholders
- ByStartupStory | May 28, 2022
HappyEasyGo, a fast-growing online travel agency (OTA Platform) presently backed by Samsung Venture Investment, Korea Investment Partners Co. Ltd., M&S Partners Pte. Ltd., CVC Capital Partners, and UOB Venture Management, has secured further capital from existing investors. The investment is supported by the optimistic business developments in the Indian tourism sector. There has recently been an industry-wide increase in plane tickets and hotel booking volumes.
According to a recent IATA news release, total passenger numbers in 2021 will be 47% higher than in 2019. This figure is predicted to rise to 83% in 2022 and 111% in 2025. With the support of its appealing product offering, HappyEasyGo has also observed a marked shift in its growth trends and important business indicators. HappyEasyGo’s ‘Lowest Fare Guarantee’ guarantees the lowest price on domestic flight tickets or a refund of up to INR 5,000*. Furthermore, HEG has announced a ‘HIGH FLYER’ offer for their passengers, through which customers can now receive a flight offer discount of up to INR 1,300 good till June 30, 2022.
Boris Zha, the founder and CEO of HappyEasyGo said that the firm wants to make travel inexpensive for everyone so that the clients save money by booking with the company and can be used elsewhere to improve their entire trip experience. The tourism industry in India has limitless potential in the future, and the firm is gearing up to play a big part in it. After this round of investment, it aims to regain momentum and prepare to cross the pre-Covid levels and go much beyond.
HAPPYEASYGO entered the Indian travel sector in 2017, offering low-cost airline booking options to Indian business and leisure travellers. After seeing tremendous success in the aircraft booking market, the firm expanded into the hotel booking category to improve consumer convenience and help them save money when travelling. In a very short period of time, HappyEasyGo has grown to become one of India’s major online travel aggregators.
Follow Startup Story
Related Posts
