TBO Tek IPO

Company Summary

They are one of the leading travel distribution platforms in the global travel and tourism industry, in terms of GTV and revenue from operations for Fiscal 2023 providing a wide range of offerings operating in over 100 countries by providing Buyers with a comprehensive travel inventory according to the needs of their customers and supporting a wide range of currencies along with forex assistances.

They simplify the business of travel for suppliers such as hotels, airlines, car rentals, transfers, cruises, insurance, rail, and others (collectively, “Suppliers”), and retail buyers such as travel agencies and independent travel advisors (“Retail Buyers”); and enterprise buyers that include tour operators, travel management companies, online travel companies, super-apps and loyalty apps (“Enterprise Buyers”, together with Retail Buyers, “Buyers”) through their two-sided technology platform that enables Suppliers and Buyers to transact seamlessly with each other

They have two key revenue models for our transaction

1. B2B Rate Model: where they receive inventory from Suppliers on which they apply a certain markup and pass it on to the Buyers.
2. Commission Model: where their Suppliers fix the price they want to sell to the end traveler and on which receive a commission from the Supplier part of which they retain and part of which they share with the Buyer.