For In­noway­tive trans­ac­tions

The new B2B travel e-plat­form, In­nowayt, hopes to break down phys­i­cal bar­ri­ers and en­able DMCs and travel sup­pli­ers to trans­act with travel agents and tour op­er­a­tors.

TravTalk - India - - NTO -

enya Trav­el­tech In­dia has launched the beta ver­sion of the B2B travel plat­form, In­nowayt af­ter eight months of de­vel­op­ing its prod­uct and build­ing its team. The por­tal will en­able DMCs and travel sup­pli­ers across the globe to trans­act with travel agents and tour op­er­a­tors. Narayan

Mal­la­pur, CEO & Co-Founder, started In­nowayt with a vi­sion bro­ken B2B travel trans­ac­tions glob­ally. To re­think travel tech­nol­ogy and make it in­vis­i­ble but truly as­sis­tive, we al­low the travel trade to do what they love – take care of their clients.” Mal­la­pur adds that af­ter hav­ing done a sur­vey with in­dus­try ex­perts, sup­pli­ers and agents from var­i­ous des­ti­na­tions in Au­gust and Septem­ber 2017, they started de­vel­op­ing the plat­form from Oc­to­ber end with a tech team of seven. They reg­is­tered the en­tity in April 2018. “We have al­ready be­gun on-board­ing sup­pli­ers and DMCs from var­i­ous coun­tries from May 28 un­der beta. As on to­day, we have reg­is­tered over 55 sup­pli­ers and on-boarded 33 from these. We are look­ing at 110 coun­tries for sup­pli­ers. We plan to on­board agents from end of July and will ini­tially tar­get In­dia, the US and Euro­pean mar­kets. At the mo­ment, we are boot­strapped,” he says.

Vikas Khan­duri, Co-Founder, “Travel tech­nol­ogy has touched all as­pects of travel trans­fers. What re­mains are tours and ac­tiv­i­ties and as per Pho­cuswright Re­search, glob­ally the tours and ac­tiv­i­ties busi­ness is 80 per cent of nine per cent per an­num with a mar­ket size of US$ 118 bil­lion.” Speak­ing about the pin points of clients that this plat­form will ad­dress, Mal­la­pur says, “It is not just a pay­ment gate­way. A sup­plier can up­load his con­tent, con­tracts, in­ven­tory, prices for mul­ti­ple mar­kets and the same is in­stantly avail­able for all travel agents from dif­fer­ent coun­tries. They cur­rently spend a huge amount ev­ery year vis­it­ing and can­vass­ing for on-board­ing of travel agents in dif­fer­ent mar­kets. Mean­while, an agent cur­rently asks for quotes from sup­pli­ers and there is a time lag due to time dif­fer­ence, de­lay in re­sponses, etc. With In­nowayt, he gets ready pack­ages on the sys­tem once he logs in. He can also cre­ate cus­tomer re­quire­ments. These are only a few key fea­tures. We will add sev­eral ad­di­tional fea­tures in phases.”

Vikas Khan­duri Co-Founder, Venya Trav­el­tech

Narayan Mal­la­pur CEO & Co-Founder Venya Trav­el­tech

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.