The travel industry has been in a soup since the coronavirus outbreak. With governments imposing lockdowns and travel restrictions, the industry is getting severe blows from all sides. While experts have predicted that major organizations will survive the crisis, startups were looking at a dead-end. Several travel-related startups have laid off significant numbers of employees…
Tag: TravelTriangle
Coronavirus Impact: Travel industry becomes ground zero for job losses
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•The coronavirus pandemic has now started to impact the world economy to another level. The novel virus outbreak, which was once considered to be China’s “internal problem”, has now become a global headache. The World Health Organization has now termed the outbreak as “pandemic”, forcing governments to act on war footing to combat the disease…
Are we heading towards an unemployment crisis?
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•The ongoing coronavirus pandemic has forced the world to a standstill. Markets are closed, roads are empty, people are locked inside their houses and business is not as usual. The novel virus which first originated in China has now become a global headache. So far the virus has infected more than 470,000 cases and claimed…
Exclusive: TravelTriangle lays off over 100 employees across departments, Coronavirus takes its toll
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•The travel industry has been in a soup since the coronavirus outbreak. With many countries closing their borders and visas getting rejected, the travel and tourism industry is getting severe blows. Start-ups, in travel aggregation and vacation planning, have seen their business almost coming to a complete halt in the last two months, and for…
How India Inc is protecting employees from COVID-19
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•The novel coronavirus has engulfed the world in fear of its rapid spread and lack of medication. The virus which was first discovered in Wuhan City, China has so far claimed more than 3,000 lives and put at risk the lives of 90,000 people worldwide. As we speak today, the virus has entered India and…
TravelTriangle Bags $8.6 Mn In Series D
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•TravelTriangle, India’s leading online holiday marketplace, has raised $8.6 Mn in Series D led by South Korea-based KB Global Platform fund and Nandan Nilekani-led The Fundamentum Partnership Fund I. Others investors include SAIF Partners, Bessemer Venture Partners, RB investments also participate in this round. The company was founded by Sankalp Agarwal, Prabhat Gupta and Sanchit…