TBO - About the company
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 $69.9M in funding from Naspers. The company has 106 active competitors, including 6 funded and 7 that have exited. Its top competitors include companies like Mondee, TBO Holidays 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
$69.9M in 3 rounds
Latest Funding Round
Ranked
1st among 106 active competitors
Annual Revenue
₹1,000+ Cr as on Mar 31, 2026
Employee Count
1,553 as on Mar 31, 2025
Investment & Acquisitions
Exit Details
Public
Legal entities associated with TBO
TBO is associated with 6 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
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's IPO details
TBO got listed on May 15, 2024.
Click here to take a look at TBO's IPO in detail
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TBO's funding and investors
TBO has raised a total funding of $69.9M 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 | 7176830 | PE | 7426955 | 3025236 | 8843832 | 4192987 |
Feb 26, 2015 | 4940495 | Seed | 6673419 | 4827493 | 3137095 | 2627590 |
Mar 28, 2012 | 3080143 | Seed | 3291403 | 2608752 | 6242703 |
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TBO's founders and board of directors
Founder? Claim ProfileThe 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 5 other companies, including Too Symphony, Kisho Capital and Nijhawan Group. 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 1 other company. Contact Info: 1 email address
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 |
|---|---|---|---|---|
Team | - | Current | 19y 5m | |
kzctqim | Team | - | Current | 3y 2m |
Investor | - | Current | 1y 9m | |
Independent board member | - | Current | 4y 9m | |
bti{tvc | Independent board member | - | Current | 4y 9m |
citgybp | Independent board member | - | Current | 7y 8m |
hodvwpy | Independent board member | - | Current | 6y 8m |
qydveeg | Independent board member | - | Past | 6y 6m |
crrhsyp | Independent board member | - | Past | 1y 9m |
ouzmvaz | Independent board member | - | Past | 3y 5m |
xyrcojj | Independent board member | - | Past | 1y 7m |
zvca{oe | Independent board member | - | Past | 8y 9m |
{y{gdam | Independent board member | - | Past | 1y 1m |
bnwfgsb | Independent board member | - | Past | 1y 3m |
uqxohaf | Independent board member | - | Past | 6y 8m |
adkxfc{ | Independent board member | - | Past | 2y 6m |
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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TBO's Competitors and alternates
Top competitors of TBO include Mondee, TBO Holidays and PKFARE. Here is the list of Top 10 competitors of TBO, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Platform connecting travel buyers and suppliers for booking various travel services | $69.9M | 73/100 | ||
2nd | Mondee 2011, California City (United States), Acquired | Provider of an AI-powered marketplace connecting travel agents with travel inventory | - | 60/100 | |
3rd |  TBO Holidays 2006, Dubai (United Arab Emirates), Unfunded | Platform connecting travel agents, hoteliers, suppliers, and wholesalers globally | - | - | 58/100 |
4th | Provider of global distribution and sourcing for flights and hotels | $2.59M | 57/100 | ||
5th |  TravelX 2021, Miami (United States), Series A | Blockchain-based network for the travel industry | $45M | 56/100 | |
6th | _1528205009273.png?devicePixelRatio=2&height=30&width=30){kind=logo} DidaTravel 2012, Shenzhen (China), Series B | B2B hotel consolidator | $7.9M | 53/100 | |
7th | Travelfusion 2000, London (United Kingdom), Acquired | Provider of travel content aggregation and distribution via direct connect XML API | $500K | 51/100 | |
8th | B2B travel technology platform | $10.2M | 46/100 | ||
9th |  FTD Travel 2012, Bengaluru (India), Seed | Provider of business to business travel booking and reservation services | $15.6K | - | 43/100 |
10th | Provider of distribution management solutions for travel service providers | - | - | 36/100 |
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TBO's Latest cap tables and shareholding
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.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 19.50% | 188Cr | 4592307 | 1172418 | 9215049 | 1342476 |
6751196 | 1750370 | 4311727 | 5198640 | 9617184 | 5011568 | |
Fund | 50.34% | 484Cr | 8455099 | 7630390 | 9682352 | 5872374 |
2755735 | 6538373 | 4791582 | 2590284 | 5004521 | 8234386 | |
Enterprise | 24.62% | 237Cr | 9608106 | 2209566 | 6809323 | 9978589 |
Other People | 5.54% | 53.3Cr | 81228 | 54873 | 29504 | 18510 |
Total | 100.00% | 962Cr | 5823366 | 2184944 | 9109262 | 4430833 |
To unlock detailed Cap Table of TBO Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of TBO's Shareholding
TBO's Investments and acquisitions
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 | 1978 | Bay (United States) | |
Dec 19, 2023 | Acquisition | 1977 | ||
Apr 11, 2023 | Investments | 2022 | Sheridan (United States) |
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Here is the latest report on TBO's sector:
News related to TBO
Filter this listMedia has covered TBO for a total of 4 events in the last 1 year, 1 of them has been about partnerships.
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TBO Renews Partnership with Vervotech for Enhanced Hotel Data Mapping Using AITravolution•May 18, 2026•TBO, Vervotech
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TBO Tek to acquire US-based Classic Vacations for $125 MnEntrackr•Sep 03, 2025•TBO, Classic Vacations, The Najafi Companies, TBO Holidays and 1 other
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TBO.COM Launches Platinum Collection for Luxury Hotels, Enhancing B2B Travel NetworkTravel Daily Media•Jun 24, 2025•TBO
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TBO Tek Ltd Delivers Strong FY25 Performance Driven by Hotel Segment GrowthBusinessnewsthisweek•May 23, 2025•TBO
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