Navan Expands Global Reach with Acquisition of Tripeur, a Modern Travel Management Company in India
- ByStartupStory | April 7, 2023
Navan, the all-in-one travel and expense management super app, has announced its acquisition of Tripeur, a Bangalore-based travel management company. The deal marks Navan’s fifth acquisition in two years and will allow the company to address local obstacles in India’s historically manual travel market. The acquisition will provide Navan with direct connections to local low-cost carriers, access to atypical inventory, and local support, including VIP and lounge assistance at airports and visa facilitation.
Tripeur is a corporate travel experience solution that enables businesses to manage their entire travel experience on a single platform. The platform lowers program travel spend and enhances the employee experience, driving program adoption for companies that range from unicorns to enterprises. Tripeur’s proprietary “three-in-a-box” platform complements Navan’s all-in-one, people-centric software design, providing an unparalleled solution that enhances traveler experience, maximizes CFO savings, and streamlines travel admin efficiencies.
Navan CEO and co-founder, Ariel Cohen, stated that employees are tech-savvy and require online, mobile-first solutions designed for people, regardless of their geographic location. The acquisition of Tripeur will enable Navan to scale and localize its technology to serve its growing list of enterprise customers that demand the Navan experience be available globally. Thiagarajan Rajagopalan, Tripeur co-founder and CEO, added that Navan’s scalability, combined with Tripeur’s localized technology, inventory, and support, ensures the group will offer unparalleled products and services in the region.
Founded in 2015, Tripeur is backed by investors including Pentathlon Ventures and Incubate Fund. With this latest acquisition, Navan has completed five acquisitions across the UK, Germany, Sweden, Spain, and India in the span of two years. The addition of Tripeur bolsters the company’s footprint, with offices now in 21 cities worldwide, including Amsterdam, London, and New York City. Navan aims to provide companies with real-time visibility, savings, and control, empowering people to focus on the things that matter most to them while streamlining travel admin efficiencies.
Follow Startup Story
Related Posts
