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HomeNewsTATOTBO Picks Up Minority Stake In SanKash

TBO Picks Up Minority Stake In SanKash

Gurgaon-based travel Fintech Company SanKash and online travel aggregator Travel Boutique Online (TBO) entered into a strategic partnership to enable travel agents to fast track the processing of their travel packages without any hassles and drive double-digit revenue growth. 

SanKash focuses on helping travel agents and tour operators provide pay-in-parts/monthly EMI solutions for their travellers. Through this unique value proposition, it intends to create best-in-class customer and partner focused affordability solutions for the travel industry.

Commenting on this association, Akash Dahiya, Co-founder of SanKash said, “We are thrilled to team up with TBO as both of us are tech-first & only travel focused B2B platforms this synergy seemed inevitable. With SanKash offering affordable payment plans, travel partners can get their customers to make faster travel decisions and even increase the trip value, thereby augmenting their sales. This means, even the small-town travel operators struggling to meet their daily needs can implement and integrate SanKash’s services to boost conversions throughout the entire purchase funnel and drive double-digit revenue growth. ”

As part of the partnership, TBO picked up minority stake in SanKash to drive the travel company to the next stage of growth. “We are excited with this alliance considering SanKash’s ambitious target of making funds and budgets no longer an impediment to travel. Apart from providing an alternative to standard payment options, this partnership will improve important travel marketing metrics including conversion, booking value, channel loyalty, cross-selling, and ancillary revenue for travel agents in order to process travel packages without any hassles and make their business flourish,” Ankush Nijhawan, Co-Founder, TBO, said.

Sankash is a B2B service that makes payment (loan disbursement) to travel agents bank account instead of customers account, thus empowering the travel agent but enabling customers to travel. Travel Boutique Online is India’s largest B2A travel portal delivering a wide range of travel solutions for its existing 45,000 + travel agents and tour operators across India.

While TBO will bring its reach and distribution, SanKash will contribute its entire payment know-how, operations and technology to the travel agents associated with TBO.

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