Sai Travels, one of the leading (B2B service provider) has acquired OUTTRIP.IN, a travel ticketing vertical of Hyderabad based start-up 4iInternet Pvt. Ltd.
Ourtrip.in, a 4-year-old fintravel tech company established in 2014 , emerged to be one of the trusted and rapidly growing travel portal with 4 lakh users, a turnover of 8 million USD every year and a promising organic growth.
SAI TRAVELS, an established brand in North India which has high aspirations of spreading its wings in South India, saw immense scope and potential in Ourtrip.in that boasts of a wide network in over 2068 villages & 25 cities in both the Telugu states (Andhra Pradesh and Telangana), with an agent network of 4500+ agents and 46 distribution networks across services like digital money remittance, flight, bus bookings & utility bill payments.
“We at 4iInternet view this acquisition as a great opportunity to reach new avenues. It helps our shared mission to bring more utility to the users by delivering our core services more effectively and affordably. This merger helps accelerate growth for both the companies,” said Mohan Ballani, Managing Director, 4i Internet Pvt. Ltd.
Commenting on the merger, Saritha majumdar, managing director , SAI TRAVELS, said, “We at SAI TRAVELS, always saw South India as an abode of opportunities with abundant scope for growth. We saw great potential in Ourtrip which hold strong connectivity in both rural and urban segments across various services. We believe this merger will help us serve you the best.”
The technology and man power transfer is expected to conclude by this December end.
