Here’s why this Indian travel startup has become profitable

Travel sector is growing phenomenally with Indians booking tickets on the fly. As the market is set to grow from 18 million to 30-50 million outbound travelers in the next 5-7 years, there is fleet of travel start-ups in the market currently but one of them claims to have turned profitable this financial year. Established in October 2011, TravelTriangle is India’s first full stack holiday marketplace with a team of 400 people, and a team of 650+ expert agents across the globe. The company wanted to connect travelers with safe,…

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Snap Acquires Location Analytics Startup Placed

Snapchat’s parent company Snap has acquired Placed – a Seattle-based startup that operates a consumer location analytics platform – for an undisclosed sum. The company will help Snapchat show advertisers how their ads on its platform bring traffic to their products and services. “Over the past 12 months, Placed has measured more than $500 million (roughly Rs. 3,220 crores) in media spend to store visits, across thousands of campaigns and hundreds of partners, cementing Placed as the leader in location-based attribution,” David Shim, CEO and co-founder of Placed wrote in…

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NetApp Launches Its First Startup Accelerator in Bengaluru

US-based storage and data management company NetApp on Wednesday announced the launch of the NetApp Excellerator programme in Bengaluru, the company’s first startup nurturing initiative in the country. The programme was launched at the new 15-acre NetApp campus in Bengaluru in the presence of IT expert Mohandas Pai, partners, venture capitalists, startups and customers. “The tech industry is going through a transformational shift with data right at the centre. Through the NetApp Excellerator programme, we would like to encourage and support start-ups and provide them with an opportunity to graduate…

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