When was TBO founded?

TBO was founded in 2006 and raised its 1st funding round 6 years after it was founded.

Where is TBO located?

TBO is headquartered in Gurugram, India. It is registered at 501, Floor-5, Worldmark 4, Asset, Area No.LP-IB-4, Aerocity, IGI Airport, South West Delhi, New Delhi, Delhi, India, 110037.

Which legal entities is TBO associated with?

TBO is associated with Tbo Tek Limited and 5 others.

How many employees does TBO have?

As of Mar 31, 2025, TBO has 1553 employees, reflecting a 3% year-over-year growth in headcount.

Is TBO a funded company?

TBO is a funded company, having raised a total of $61M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Mar 28, 2012.

When was the latest funding round of TBO?

TBO's latest funding was a $***** PE round on Sep 01, 2018, with participation from 1 investor. Its primary sector is Online Travel. In India, the Online Travel sector has seen $82.3M in funding in 2026 to date.

What is the annual revenue of TBO?

Annual revenue of TBO is more than ₹1,000 Cr as on Mar 31, 2026

Where does TBO rank among its competitors?

TBO ranks 1st amongst 128 active competitors, of which 8 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was TravelX, which secured an undisclosed amount in Aug, 2026.

Who are the top competitors of TBO?

TBO's top competitors include Blockskye, Mondee and PKFARE. Among them, TravelX secured the most recent funding round in August, 2026.

TBO - 2026 Company Profile, Team, Funding, Competitors & Financials

TBO is a public company based in Gurugram (India), founded in 2006 by Ankush Nijhawan and Gaurav Bhatnagar. It operates as a Platform connecting travel buyers and suppliers for booking various travel services. TBO has raised $61M in funding from Naspers. The company has 128 active competitors, including 8 funded and 7 that have exited. Its top competitors include companies like Blockskye, Mondee and PKFARE.

Company Details

Platform connecting travel buyers and suppliers for booking various travel services. It facilitates transactions between travel agencies, advisors, tour operators, and suppliers like hotels, airlines, and car rentals. The platform enables access to travel inventory, booking management, and post-booking services. It supports transactions in local currencies and offers customer support.

Website: www.tbo.com/
Social
Email ID: *****@tbo.com
Registered Address: 501, Floor-5, Worldmark 4, Asset, Area No.LP-IB-4, Aerocity, IGI Airport, South West Delhi, New Delhi, Delhi, India, 110037

Key Metrics

Founded Year

2006

Location

Gurugram, India

Stage

Public

Total Funding

$61M in 3 rounds

Latest Funding Round

PE, Sep 01, 2018, $*****

Investors

Naspers & 3 more

Ranked

1^st among 128 active competitors

Annual Revenue

₹1,000+ Cr as on Mar 31, 2026

Employee Count

1,553 as on Mar 31, 2025

Investment & Acquisitions

Classic Vacations & 5 more

Similar Companies

Blockskye & 127 more

Exit Details

Public

View TBO's full profile

TBO is associated with 6 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
TBO, LLC CIN: 191364893 , United States, Active	Jan 07, 2022	-	-	-
99 NAMES OF ALLAH SARL, en liquidation CIN: 1365084 , Switzerland, Deadpooled	Sep 22, 2022	-	-	-
TBO HOLIDAYS BRASIL AGENCIA DE VIAGENS E RESERVAS LTDA. CIN: 23.306.928/0001-02 , Brazil, Active	Sep 17, 2015	-	-	-
TBO HOLIDAYS PTE. LTD. UEN: 201823924W , Singapore, Active	Jul 13, 2018	-	-
TBO CARGO PRIVATE LIMITED CIN: U63000DL2020PTC370711 , India, Active	Sep 30, 2020	0 - ₹10 Cr (As on Mar 31, 2025)	18 (As on Mar 01, 2025)
Tbo Tek Limited CIN: L74999DL2006PLC155233 , India, Active	Nov 06, 2006	₹1,000+ Cr (As on Mar 31, 2026)	1506 (As on May 01, 2026)

TBO got listed on May 15, 2024.

Click here to take a look at TBO's IPO in detail

TBO has raised a total funding of $61M over 3 rounds. Its first funding round was on Mar 28, 2012. Its latest funding round was a PE round on Sep 01, 2018 for $*****. 1 investor participated in its latest round. TBO has 4 institutional investors.

Here is the list of recent funding rounds of TBO:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 01, 2018	9338921	PE	8167504	4331585	5487621	4295366
Feb 26, 2015	9053347	Seed	5226192	2046418	9266398	7274141
Mar 28, 2012	3591482	Seed	8415538	9844354	Naspers	4092214

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View details of TBO's funding rounds and investors

The founders of TBO are Ankush Nijhawan and Gaurav Bhatnagar.

Here are the details of TBO's key team members:

Ankush Nijhawan: Co-Founder of TBO and founder of 6 other companies, including TBO Academy, Too Symphony and Kisho Capital. They are also an angel investor in 9 startups and serve on the boards of 2 companies.
Contact Info: 1 phone number
Gaurav Bhatnagar: Co-Founder of TBO and founder of 2 other companies, Travel Boutique Online and TBO Academy. They are also an angel investor in 1 startup.
Contact Info: 2 email addresses

TBO's Board of Directors

TBO's board has 7 active members. Ankush Nijhawan, Shantanu Rastogi and Akshat Verma are part of team and Rahul Bhatnagar, Ravindra Dhariwal, Bhaskar Pramanik and Anuranjita Kumar are independent board members.

Here is the list of TBO's board of directors:

Name	Type	Representing	Status	Duration
Ankush Nijhawan	Team	-	Current	19y 7m
dejuiff	Team	-	Current	7y 2m
Shantanu Rastogi	Investor	-	Current	1y 11m
Rahul Bhatnagar	Independent board member	-	Current	4y 11m
efnpbln	Independent board member	-	Current	6y 2m
zwfvssm	Independent board member	-	Current	6y 5m
fuosukz	Independent board member	-	Current	2y 6m
qgvufpr	Independent board member	-	Past	2y 4m
{zhu{pq	Independent board member	-	Past	2y 3m
cognlbd	Independent board member	-	Past	6y 1m
gpsjotn	Independent board member	-	Past	6y 8m
bbnogzs	Independent board member	-	Past	8y 6m
hamvdwp	Independent board member	-	Past	3y 3m
dlxmsai	Independent board member	-	Past	7y 9m
wabsypa	Independent board member	-	Past	8y 2m
kxowbvk	Independent board member	-	Past	8y 3m

View details of TBO's Founder profiles and Board Members

TBO's employee count trend

TBO has 1,553 employees as of Mar 25. Here is TBO's employee count trend over the years:

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Top competitors of TBO include Blockskye, Mondee and PKFARE. Here is the list of Top 10 competitors of TBO, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	TBO 2006, Gurugram (India), Public	Platform connecting travel buyers and suppliers for booking various travel services	$61M	Affirma Capital, General Atlantic & 2 others	72/100
2nd	Blockskye 2017, Boston (United States), Series C	Provider of travel management software for corporate booking and payments	$33M	Blockchange, Airlines Reporting Corporation ... & 7 others	63/100
3rd	Mondee 2011, California City (United States), Acquired	Provider of an AI-powered marketplace connecting travel agents with travel inventory	-	TCW, Morgan Stanley & 3 others	62/100
4th	PKFARE 2014, Shenzhen (China), Acquired	Provider of global distribution and sourcing for flights and hotels	$2.59M	SZQH, Caesar & 5 others	57/100
5th	TravelX 2021, Miami (United States), Series A	Blockchain-based network for the travel industry	$45M	Borderless Capital, Algorand & 6 others	56/100
6th	DidaTravel 2012, Shenzhen (China), Series B	B2B hotel consolidator	$7.9M	Alibaba, Guolong Capital & 2 others	54/100
7th	Travelfusion 2000, London (United Kingdom), Acquired	Provider of travel content aggregation and distribution via direct connect XML API	$500K	S-Ventures, Samurai Web Ventures & 1 others	53/100
8th	TBO Holidays 2006, Dubai (United Arab Emirates), Unfunded	Platform connecting travel agents, hoteliers, suppliers, and wholesalers globally	-	-	48/100
9th	Tripjack 2012, Mumbai (India), Seed	B2B travel technology platform	$10.2M	Marathon Edge & 2 others	47/100
10th	FTD Travel 2012, Bengaluru (India), Seed	Provider of business to business travel booking and reservation services	$15.6K	-	43/100

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Tbo Tek Limited, the legal entity associated with TBO, generated more than ₹1,000 Cr in revenue for the financial year ending on Mar 31, 2026. The revenue of Tbo Tek Limited has a compounded annual growth rate (CAGR) of 49% in the last 1 year.

Financial Statement Summary

Metrics	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22
Income Statement
Revenue	7044	2072	1971	3407	3031
Total Sales	7023	3136	2736	7468	9138
Total Expenses	6014	5264	2999	7863	4740
Operating Expenses	5813	1223	3357	8949	5875
Employee Expenses	6681	4319	3428	7751	1244
Marketing Expenses	9904	5077	4831	8434	1917
Operating Income (EBIT)	4980	2942	1405	6214	5235
Interest Expenses	1134	6046	4053	7265	1097
Expenses from other activities	1873	7777	2057	3174	9412
Information Technology Expenses	5425	8033	8338	3438	3826
EBITDA	2170	6868	1393	6600	3657
Taxes	7558	9710	4605	7677	4595
Net Profit	4733	1955	1185	5202	8037
Balance Sheet
Assets	4157	6876	4549	5753	6541
Cash Equivalent	3019	3283	7695	3846	4661
Accounts Receivables	2406	9519	5679	5268	6656
Inventory	1201	8841	4709	4639	9739
Liabilities	2804	9523	8171	7049	9744
Total Debt	7190	6653	2018	9871	5556
Accounts Payable	4910	8230	3800	3802	5356
Equities	3293	2784	4619	6092	7956
Cashflow Statement
Cash from Operating activities	2061	6199	8431	2721	1789
Cash from Investing activities	5419	8048	3621	6114	1342
Net cash from Financing activities	3107	6816	9228	2288	3839

Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)

Founders own 19.50%, Funds (largest shareholder) own 50.34%, Enterprises own 24.62% and Other People own 5.54%. The net worth of TBO's founders is INR 188Cr as of Feb 26, 2015. The cap table displayed below is for Tbo Tek Limited which is the legal entity associated with TBO.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	19.50%	188Cr	2795140	3486328	6094540	9692875
Gaurav Bhatnagar	7020752	6821216	7603512	1051291	2681991	7683924
Fund	50.34%	484Cr	5160296	8704556	1296154	8419410
Naspers	3501404	7485086	4653308	3672228	9375505	6943910
Enterprise	24.62%	237Cr	4172258	7917399	4996440	9926155
Other People	5.54%	53.3Cr	56049	75303	46805	43325
Total	100.00%	962Cr	5032264	5828391	6247785	8711156

Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.

Disclaimer

TBO has made 2 investments in companies including Hotelzify and Tirupati Medicare. TBO has also acquired 4 companies including Classic Vacations and Jumbonline.

Here is the list of investments & acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Sep 03, 2025	Acquisition	Classic Vacations	1978	Bay (United States)
Dec 19, 2023	Acquisition	Jumbonline	1977	Spain
Apr 11, 2023	Investments	Hotelzify	2022	Sheridan (United States)