Mergers & Acquisitions

Travkart to launch another franchise outlet In New Delhi

Opportunity India Desk
Opportunity India Desk Jul 24, 2018 - 3 min read
Travkart to launch another franchise outlet In New Delhi image
With the launch of its latest franchise in Kamla Nagar, Travkart now has five franchisees across India.

Travkart, the comprehensive travel service portal from Holidays by Sahibji Pvt. Ltd has announced the launch of another franchise outlet in New Delhi. Situated in Kamla Nagar. It will provide prospective consumers with the full range of Travkart’s curated and innovative travel offerings, including fixed departure packages, flights, hotels, MICE bookings, cruises, and car rentals. Interested customers can also reach the Kamla Nagar outlet by sending their travel requirements on an email to Kamlanagar@travkart.in.

The latest development marks another major milestone for Travkart’s Franchisee Program. It has been generating an overwhelming market reception since its launch in 2017. With the launch of its latest franchise in Kamla Nagar, Travkart now has five franchisees across India: three in Delhi, and one each in Mohali and Mumbai respectively. The company is working towards further expanding its franchise network and achieving its target of having more than 100 Travkart franchisee outlets operational by 2020.

Manheer Singh Sethi, Co-founder – Travkart, said, “Delhi is the main travel hub in North India and has registered huge year-on-year growth in the demand for differentiated travel solutions. Having previously launched two Travkart franchisees in the city, we decided to expand our offline presence in the city to cater to the growing demand for our curated travel offerings. Through the program, we are providing our franchisees with extensive operational assistance and will also be helping them secure hassle-free unsecured working capital loans needed for their vital day-to-day operations such as business development, operations, and marketing etc.”

Travkart has been providing broad assistance to its partner travel agencies to help them deliver better end-customer services and drive greater business growth under its Franchisee Program. With a qualified in-house franchise manager spearheading comprehensive training and extending extensive operational assistance, the brand ensures more seamless day-to-day and long-term operations for its partner franchisees. Travkart envisions undertaking similar expansion in cities such as Chennai, Chandigarh, and Nagpur in the near future, enabling more travel-oriented businesses across India to be a part of Travkart’s franchisee network.

The company has additionally tied up with multiple fintech platforms to facilitate working capital loans of up to INR 1 crore for online and offline travel agents who are part of its Franchisee program. All partner agents need to do to avail of these loans is to apply online through the Travkart platform and upload the pertinent documents. If their application is processed and approved by Travkart’s fintech partner, depending solely on the credibility and credit-worthiness of the applicant, the loan is disbursed in as little as three days.

“Partnering with a Young Entrepreneur was a strategic decision and was influenced by its commitment to the Travkart brand’s long-term growth. The launch of the Kamla Nagar franchisee will allow us to better capture the market demand for value-driven travel solutions. It will also enable us to provide aspiring travelers across the city with the most unique and satisfying holidaying experiences,” Manheer added.

Jatin Jawa, Travkart franchisee owner, Kamla Nagar, said, “Travkart has created its own niche in the Indian travel market on the back of its strong B2B integrations and innovative travel-oriented technological solutions. In a day and age where customers are used to quick and convenient information and booking assistance online, Travkart has been focusing on empowering offline travel businesses with the tools they need to deliver seamless and unmatched offline travel assistance. This association will enable us to utilize Travkart’s robust online travel platform and its extensive inventory of travel packages to deliver superlative value to our customers. We are confident that we will achieve massive growth with brand Travkart.”

Travkart looks to bring on board franchisees with a minimum retail office space of 200 square feet to 500 square feet, and a minimum team size of 8-10 members each. It creates a micro website for each new franchisee to ensure differentiation, flexibility, and affordable pricing based on the region of operation.

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