Via.com, formerly known as FlightRaja.com, is an Indian travel portal and online travel company based in Bangalore, India. Via was founded on 25 July 2006 and incorporated in February 2007. In November 2017, Via was acquired by Ebix for $74.9 million.[3]
History
Via was founded in a small garage on 9th A Main Road, 2nd Block, Jayanagar, Bangalore[4] on 25 July 2006 (incorporated in February 2007[4]) by Vinay Gupta, Amit Aggarwal, Harsh Azad, and Rohit Gaddi.
In 2007, Via received funding worth US$5 million from NEA IndoUS Ventures. This funding assisted Via in expanding themselves beyond airline services.[5]
In 2010, Sequoia Capital provided a US$10 million capital infusion into Via's holding company FlightRaja Travels.[6]
In November 2017, Via.com was acquired by Ebix for $74.9 million.[3]
On 17 December 2023, Ebix declared Chapter 11 bankruptcy after defaulting on a $617 million loan.[7] In March 2024, it was reported that Ebix had initiated the sale of its Indian operations, including Via.com.[8]
Activities
It is a distributor of transportation ticketing, accommodation reservation, packaged tours, corporate travel management and other travel ancillaries. It expanded first into the Philippines, Indonesia and eventually to hundreds of cities globally.[9][10]
The company has established a network of more than 100,000 partners across 10,000 towns and cities globally.[1] The company offers its services through a cloud based technology platform and a 24-hour customer service call center.
References
- VIA partners with TravelDaily to present the 2009 China Travel Distribution Summit – 环球旅讯(TravelDaily) 7 August 2017^
- Ebix Travels Private Limited Crediwatch, retrieved 12 June 2024^
- Ebix Inc to buy Via.com for about $74.9 million Reuters, 31 October 2017, retrieved 2021-02-04^
- About Us – Via.com Via.com, 10 April 2022, retrieved 10 April 2022^
- FlightRaja Secures $5 Million Investment from NEA IndoUS Ventures Indiaprwire.com, retrieved 9 August 2017^
- Preethi J. Via (FlightRaja) To Receive $10M From Sequoia Capital Medianama.com, 27 January 2010, retrieved 9 August 2017^
- Short seller Ebix files for Chapter 11 bankruptcy Bloomberg News, 17 December 2023, retrieved 18 December 2023^
- Hamsini Karthik. EbixCash up for sale but buyers not in sight Business Line, 10 March 2024, retrieved 12 June 2024^
- John Mullins. The Customer-Funded Business: Start, Finance, or Grow Your Company with Your Customers' Cash John Wiley & Sons, 3 July 2014, retrieved 9 August 2017^
- The New Age Entrepreneurs Random House India, 17 May 2012, retrieved 9 August 2017^