Digital payment company Paytm will invest Rs 250 crore in its travel business during the next 6 months. According to the company owned by One97 Communications, it has sold more than 100 million tickets within just three years.
Abhishek Rajan, Senior Vice President, Paytm Travel, said, "We are seeing strong growth in Tier-2 and Tier-3 cities with 65 per cent new customers. This investment will help us to grow further in terms of travel booking. The company gave its information on Thursday.
Aim to double the Travel Business
The company claims that it sells over 60 lakh travel tickets every month and is aiming to increase it by 100 per cent in the current financial year. Paytm is moving fast towards becoming a leading online travel booking company in India with over 15 million subscribers.
Paytm Special Offer on Travel Tickets
Since its inception, Paytm Travel has attracted customers by bringing a variety of schemes. These include flight for Rs 99 and cancellation of the bus for Rs 9. Apart from this, not taking any amount is also involved in the process of canceling flight tickets. The company also provides instant refund facility in various cases.
Abhishek Rajan said, 'Our customers have saved more than 60 crores rupees with the facility to cancel flight and bus ticket booking.' The company has chosen the city of Bengaluru to conduct its travel business with a team of over 300 members.
