Startups

FICCI to launch travel tech launchpad for startups

DELHI: The Federation of Indian Chambers of Commerce and Industry (FICCI) will launch a “Travel Tech Launchpad” to encourages innovation and growth for travel startups in India during the “Digital Travel, Hospitality and Innovation Summit” scheduled to be held on March 22-23, 2017 in New Delhi reported the Times of India. Agnitio Consulting LLP, Nucleus Partners, TravHQ Media and Charson Advisory.

FICCI said the summit will pair travel startups with experts and will provide opportunity to connect with right set of ecosystem partners. The newspaper report mentioned that a number of Indian and global travel startups, hospitality and technology companies will attend the summit in addition to investors such as Sequoia, Inventus Capital and Kae Capital.

Travel and tourism’s direct contribution to India’s GDP is expected to grow by 7.2 per cent per annum during 2015-25. The tourism sector witnessed investments of $42.9 billion in 2015 and is expected to attract $132.9 billion by 2025.

“FICCI is launching The Travel Tech Launch pad with an objective to encourage entrepreneurship and technology innovation in the field of travel and hospitality,” said Rahul Chakravarty, director and head, tourism, FICCI.

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