UAE based online travel company Musafir.com is planning to invest Rs 120 crore over the next four years in India as it looks to expand it's presence in the country. Musafir.com was launched in India in October last year. By 2018, the company aspires to be among the top five online travel agencies in India
"We plan to invest Rs 120 crore for expanding our presence in India by 2018. The investments will be mainly for marketing campaigns and enhancement of product," Musafir.com Co-Founder and Managing Director Sachin Gadoya told PTI.
The online travel firm also plans to increase its offices in India. It currently has a office in Mumbai. "We will be opening more offices in India. Our second office will be opened at Gurgaon by March 31, 2015. The other offices will come up in Ahmedabad, Bengaluru and Pune," Gadoya added.
Right now the company has around 120 people in Mumbai and will be adding to the employees strength.
Apart from strengthening presence in India, the company is looking at Nepal and Sri Lanka. Musafir.Com currently provides access to flights for 3,000 destinations on over 270 airlines besides helping access to 75,000 hotel properties.
Notably, Sachin Tendulkar is also a minority stakeholder in Musafir.com India business. Musafir.com was founded by Sheikh Mohammed bin Abdullah Al Thani, Sachin Gadoya and Albert Dias in August 2007 and was inaugurated by Sheikh Abdullah bin Mohammed Al Thani on April 23, 2009 and launched in India in 23 October 2013.
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