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\n Bengaluru: Mobile commerce platform Paytm<\/a> is planning to launch a travel marketplace on the lines of Alitrip, the travel marketplace run by Chinese e-commerce company Alibaba Group<\/a> in its home market.<\/p>\n Noida-based Paytm, which is in advanced discussions with the Alibaba Group to raise $600 million (about 3,840 crore), has roped in Satish Mani, co-founder and chief technology officer of online fashion retailer Zovi<\/a>, to develop the marketplace business.<\/p>\n \n\t\"Our approach is to build an Alitrip kind of business in India,\" said Vijay Shekhar Sharma, co-founder & CEO of Paytm. The company wants to enter newer categories to grow its gross merchandise value, or the total amount of goods sold on the platform, to $3-4 billion (up to 25,600 crore) by the end of 2015, from its current run rate of $1.5 billion ( 9,600 crore).<\/p>\n \n\tIndia's online travel market was estimated to be worth over $8 billion ( 51,200 crore) in 2014, according to Internet & Mobile Association of India.<\/p>\n \n\t\"We are building a digital commerce business of new categories to counter scale of physical commerce and logistics,\" said Sharma. The plan is to start signing up hotels and travel agents on the platform from next month.<\/p>\n \n\tMeanwhile, Mani will continue to work with Zovi. \"Satish will continue at Zovi but he has some bandwidth to help us build this,\" said Sharma. Before starting Zovi in 2011, Mani was senior vice president of technology at online travel booking site Cleartrip.<\/p>\n \n\tIn October last year, Alibaba spun off its travel websites into Alitrip to consolidate services including hotel booking, flight booking and packaged tours. Paytm is looking to model its travel platform on Alitrip.<\/p>\n \n\tThe marketplace will give vendors the ability to bid for different services that customers want. For instance, a user wanting to travel from Delhi to Chandigarh in a taxi will not only be able to get multiple bids from taxi service providers but also from hotels along the way.<\/p>\n \n\tHotels, travel agents and other service providers will be able to put up their inventory using a do-it-yourself platform provided by Paytm. Consumers will be able to avail themselves of these services through the Paytm app, which has been downloaded nearly 30 million times so far. \"The US concept is one app for one thing. The Chinese concept is one app for many things. We believe that Indians will follow the Chinese,\" said Sharma.<\/p>\n \n\tIn bus ticketing, the company competes with redBus, market leader. \"redBus is now easily 10 times the size of nearest competition versus 6x at time of acquisition,\" Ashish Kashyap, the CEO of ibiboGroup, which owns redBus, told ET in an earlier email.<\/p>\n According to a Google<\/a> report, by 2016 nearly 8.4 million Indian users will book hotels online, generating revenues upwards of $1.8 billion. Google said that between 2011 and 2014, search queries on smartphones for hotels grew nearly 30 times.<\/p>\n Nearly 81,525 crore worth of digital commerce happened in India in 2014, out of which 50,050 crore was in the online travel segment, according to the IMAI. Companies such as MakeMyTrip, Cleartrip, Goibibo and Ixigo<\/a> operate in this segment.<\/p>\n\n<\/body>","next_sibling":[{"msid":47889698,"title":"How safe are mobile banking apps?","entity_type":"ARTICLE","link":"\/news\/mvas-apps\/how-safe-are-mobile-banking-apps\/47889698","category_name":null,"category_name_seo":"mvas-apps"}],"related_content":[],"seoschemas":false,"msid":47905683,"entity_type":"ARTICLE","title":"Paytm to go the Alitrip way with travel marketplace","synopsis":"Mobile commerce platform Paytm is planning to launch a travel marketplace on the lines of Alitrip, the travel marketplace run by Chinese e-commerce company Alibaba Group in its home market.","titleseo":"mvas-apps\/paytm-to-go-the-alitrip-way-with-travel-marketplace","status":"ACTIVE","authors":[{"author_name":"Jayadevan PK","author_link":"\/author\/479218067\/jayadevan-pk","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479218067.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479218067,"author_name":"Jayadevan PK","author_seo_name":"jayadevan-pk","designation":"Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":false,"artdate":"2015-07-02 09:33:44","lastupd":"2015-07-02 09:36:12","breadcrumbTags":["MVAS\/Apps","Google","Funding","Alibaba Group","PayTM","Zovi","Ixigo"],"secinfo":{"seolocation":"mvas-apps\/paytm-to-go-the-alitrip-way-with-travel-marketplace"}}" data-authors="[" jayadevan pk"]" data-category-name="MVAS/Apps" data-category_id="16" data-date="2015-07-02" data-index="article_1">
班加罗尔:移动商务平台Paytm正计划推出一个行Alitrip旅游市场,旅游市场由中国电子商务公司吗阿里巴巴集团在其本土市场。 Noida-based Paytm,先进的讨论与阿里巴巴集团筹集6亿美元(约3840卢比),已经说服了Satish摩尼,在线时装零售商的联合创始人兼首席技术官Zovi市场,发展业务。 “我们的方法是建立一个Alitrip在印度的业务,”维贾伊Shekhar Sharma说,Paytm的联合创始人和首席执行官。公司想要进入新类别增加其商品价值,或平台上销售商品的总量,以3 - 4美元(25600卢比)到2015年底,从目前的运行速度为15亿美元(9600卢比)。 印度的在线旅游市场估计价值超过80亿美元(合51200卢比)在2014年,根据印度互联网和移动协会。 “我们正在建立一个电子商务业务的新类别来对抗物理商务和物流规模”Sharma说。这个计划是开始签约酒店和旅行社的平台从下个月开始。 与此同时,摩尼将继续与Zovi。“Satish Zovi仍将继续,但他有一些带宽来帮助我们建立这个,”Sharma说。开始前Zovi 2011年,摩尼是技术的高级副总裁Cleartrip在线旅游预订网站。 去年10月,阿里巴巴剥离其旅游网站Alitrip整合服务,包括酒店预订,机票预订和打包旅游。Paytm Alitrip希望模型其旅游平台。 市场会给供应商竞标的能力不同的服务,客户想要的。例如,一个用户想从德里到昌迪加尔在出租车上不仅能得到多个投标从出租车服务提供商也从酒店。 酒店、旅行社和其他服务提供者能够将他们的库存使用自助平台由Paytm提供。消费者将能够为自己获得这些服务通过Paytm应用,到目前为止已被下载了将近3000万次。“美国的概念是一个应用程序一件事。中国在许多方面都是一种应用程序的概念。我们认为,印度人将遵循中国,”Sharma说。 在公交票务,公司与redBus竞争,市场领导者。“redBus现在容易十倍大小的最近的比赛和6 x的时候收购,“阿施施卡ibiboGroup的首席执行官,拥有redBus告诉ET在早前的邮件。 根据一项谷歌报告,到2016年印度近840万用户将在网上预订酒店,生成收入高达18亿美元。谷歌表示,从2011年到2014年,智能手机上搜索查询酒店增长了近30倍。 价值近81525卢比的数字商务2014年发生在印度的50050卢比的在线旅游市场,IMAI表示。MakeMyTrip等公司,Cleartrip Goibibo和Ixigo在这段操作。
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