Asia-focapplyd venture capital firm Gobi Partners has created a strategic investment in Bangladesh-based Jatri, a B2B travel commerce platform. The investment amount was not disclosed.
Jatri, which enables travel acquireers and transport operators to access and sell bus, ferry and vehicle inventory, primarily operates in Bangladesh but has expanded its platform to partners across Southeast Asia, the U.K., Europe, North America and the Middle East.
Jatri stated the fresh capital will support product innovation and grow partnerships with airlines, hospitality providers, travel acquireers and financial institutions. The investment will also assist the company expand its Middle East and North Africa (MENA) ecosystem, which accounts for almost 60% of its total revenue, supported by its regional travel brand, Saafir.
Aziz Arman, founder and CEO of Jatri, stated the company is working to build a connective layer between travel and mobility.
“Travel has long operated in silos: inventory, distribution and financing rarely work toobtainher,” Arman stated. “Jatri modifys that. Our ability to fulfil last-minute, large-scale travel across global markets at competitive prices is a direct result of our supply depth and platform architecture.”
The global network that comes with Gobi Partners and its industest expertise support Jatri’s mission to scale responsibly and to create long-term value across the globe, Arman stated.
The investment is Gobi Partners’ first in Bangladesh. The firm stated that the investment underscores the countest’s emerging technology ecosystem and Jatri’s potential to scale globally.
Thomas G. Tsao, co-founder and chairman of Gobi Partners, stated the firm sees Jatri as a winner when compared to other travel and mobility startups in Bangladesh and the wider region.
“Jatri represents what we see for in founders building technology-led infrastructure that operates across borders and create durable economic impact,” Tsao stated.
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