Travel Management Company Navan Expands Deeper Into India With Local Agency Acquisition
Photo Credit: Some 77 percent of Indian businesses expect to increase their travel budget in 2023 compared to 2022, according to a new American Express survey. Unsplash / Arihant Daga
Skift Take
Buying up smaller agencies has now become the tried-and-tested method of expansion for Navan, the corporate travel agency formerly known as TripActions. But this approach is highly relevant in India, with its mostly offline corporate travel booking practices.
Corporate travel and expense management company Navan has bought India’s corporate travel startup Tripeur.
Terms of the deal were not disclosed.
The acquisition will help Navan, which recently rebranded from TripActions, gain a foothold in the fast developing country. It already has a presence in Delhi, following its acquisition of Reed & Mackay, but now adds Bengaluru.
Some 77 percent of Indian businesses expect to increase their travel budget in 2023 compared to 2022, according to a new American Express surve
