Company lists
The Maharashtra edition · 2026

Online travelcompanies in Maharashtra

Travel agencies, bus & car booking, tours & holidays, travel technology, corporate travel and more: the companies building online travel in Maharashtra, with their founders, funding, team size and business models.

362 company profiles100 with reported revenue44 with recorded fundingSeptember 2026 edition
Maharashtra · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent online travel business events in Maharashtra

Funding, M&A, contract wins and launches involving 532 online travel companies in Maharashtra, last 24 months: 54 Contracts · 27 M&A deals · 8 funding rounds · 1 Launch. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: May 2026.

M&AAcquisition · Announced

Ziptrrip acquires Hellotravel Online Private Limited

Ziptrrip, an innovative AI powered corporate travel and expense management platform, has announced the acquisition of HelloTravel Online Private Limited, the erstwhile travel marketplace…

Travel marketplace
M&AAcquisition · Announced

Ziptrrip acquires HelloTravel Online

Corporate travel and expense management platform Ziptrrip has acquired online travel marketplace HelloTravel Online.

Online travel marketplace
M&AAcquisition · Completed

Ran Ventures acquires Zaggle

RAN Ventures purchased 1 Lakh equity shares of Zaggle from the open market on May 18, taking its stake in the company to 44.23% from 44.15%.

Fintech SaaS
M&AAcquisition · Announced

Zaggle Prepaid Ocean Services acquires Dice

Zaggle Prepaid Ocean Services Ltd, a spend management solutions company, has said that its board has approved the transaction structure for the strategic acquisition of DICE. Zaggle has…

AI Spend Management Platform
ContractService

Zaggle Prepaid Ocean Services · client: Generali Central Insurance Company

Generali Central Insurance Company will now have access to the Zaggle Zoyer platform, thanks to an arrangement announced by Zaggle Prepaid Ocean Services.

Spend management
Funding

Uppercase

Direct-to-consumer (D2C) luggage brand Uppercase has raised Rs 20 crore in a fresh funding round from existing investors Accel India and Volrado Venture Partners.

Investors Accel india, Volrado Venture Partners
Luggage
M&AAcquisition · Completed

The Broker Investment Group (TBIG) acquires U drive

TBIG has completed its largest acquisition to date with a 75% stake of Sunbury-on-Thames-based U Drive.

Insurance Brokerage
ContractGovernment

Na · client: Maharashtra

Maharashtra signed MoUs worth over ₹10,880 cr including solar manufacturing, in Vidarbha, including a ₹10,080 cr integrated solar and BESS manufacturing plant in Nagpur.

Solar, Manufacturing, BESS
ContractGovernment

Starlink · client: Maharashtra

Starlink’s rollout focuses on underserved and remote regions, with interest from state governments like Maharashtra, which signed an LoI to deploy Starlink for rural and critical…

Telecommunications
ContractSupply

Maharashtra · client: Na

Maharashtra Seamless Limited has announced a significant order worth approximately Rs. 256 crores for the supply of seamless pipes.

Oil and Gas
ContractInfrastructure

Au small finance bank · client: Zaggle Prepaid Ocean Services

AU Small Finance Bank has announced a strategic partnership with Zaggle Prepaid Ocean Services Ltd, India’s leading spend management company.

Financial Services
ContractService

Mastercard Asia Pacific Pte. Ltd · client: Zaggle Prepaid Ocean Services

the company said it has "entered into an agreement" with Mastercard Asia Pacific Pte. Ltd to launch and promote co-branded domestic prepaid cards on the Mastercard network.

Prepaid card
FundingSeries A equity

Eume

Ashish Kacholia, an investor in the travel accessories brand EUME’s Series A equity round, helped the company raise Rs 25 crore ($3 million).

Investors Ashish Kacholia, Prithviraj Kothari, Pradeep Rathod
Travel accessories
ContractService

Grant Thornton Bharat · client: Zaggle Prepaid Ocean Services

Under the terms of the agreement, Grant Thornton will act as a channel partner, offering Zaggle's flagship Spend Management platform to its roster of corporate clients and large enterprises.

Fintech
FundingPre Series A

Fur Jaden

Fur Jaden Raises Rs 9.5 Cr In Pre Series A Round

Investors Na
ContractSupply

Maharashtra · client: Na

The rise in Maharashtra Seamless share price came after the company said that it has secured an order of approximately Rs 298 crore from a domestic entity, for supply of seamless pipes…

Oil and gas
ContractTechnology

Strada, HCM and financial management solutions · client: Zaggle Prepaid Ocean Services

Zaggle Prepaid Ocean Services Limited has announced that it has contracted with Strada, HCM and financial management solutions, to deliver a unified payroll and spend management solution…

Payroll and spend management
ContractService

Strada · client: Zaggle Prepaid Ocean Services

Zaggle Prepaid Ocean Services Limited, a leading B2B SaaS FinTech company, has announced that it has contracted with Strada, a leader in end-to-end payroll, HCM and financial management…

ContractSupply

Rmc switchgears · client: Maharashtra

RMC Switchgears Limited has announced the receipt of a Letter of Acceptance (LOA) for the supply, installation, and commissioning of 5,000 solar pumps across Maharashtra. Valued at ₹90…

Renewable Energy
ContractSupply

Roto Energy Systems Ltd. · client: Maharashtra

one order from Maharashtra for 100 units of solar submersible helical rotor pumping sets

Sustainable water management
ContractSupply

Roto Energy System · client: Maharashtra

Maharashtra's order comprises 100 units of the RSSH 1.2-C model, capable of pumping 7,800 litres/day at 120 meters using 1,000 Wp Monoperc Solar Modules, as per the regulatory filing.

Renewable Energy
ContractService

Mastercard · client: Zaggle Prepaid Ocean Services

Zaggle Prepaid Ocean Services hit an upper circuit of 5% at Rs 490.65 after the company has entered into an agreement with Mastercard Technology (MasterCard) for 7 years. The terms and…

Fintech
FundingEarly-stage

The hosteller

Enterprise integration platform UnifyApps led the list followed by D2C fitness startup BoldFit, deep-tech robotics startup CynLr, dronetech firm Marut Drones, and backpacker hostel chain…

Hospitality
ContractService

Founderlink Technologies · client: Zaggle Prepaid Ocean Services

Zaggle Prepaid Ocean Services signs agreement with Founderlink technologies. Under the agreement, Founderlink Technologies will offer business loans to Zaggle Corporate customers

Financial Services

Online travel companies in Maharashtra, by revenue

Browse online travel companies in Maharashtra by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 100 online travel companies in Maharashtra that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Platform designed to streamline business spends, payments, and rewards through automated and innovative workflows

Hrtech
₹1,330.53 crFY 2024-25
+69%2024–2025
523+50% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months

App-based multiple travel service booking platform

Online travel
₹651.25 crFY 2022-23
Not reported
1,102+3% 12 mo to Sep 2024recorded Sep 2024
48 yr1978
0none in 3 months

Operator of leisure cruise line offering holiday voyages and experiences

Online travel
₹597.68 crFY 2024-25
+32%2024–2025
697+181% 12 mo to Sep 2024LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Provider of technology solutions for loyalty programs, travel, and payments

Loyalty software
₹409.08 crFY 2024-25
-35%2024–2025
357+2% 12 mo to Sep 2024LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Business management solution for multiple travel service providers

Online travel
₹327.63 crFY 2024-25
-31%2024–2025
32-14% 12 mo to Sep 2023recorded Sep 2023
7 yr2019
0none in 3 months

B2B travel technology platform

Online travel
₹320.61 crFY 2024-25
Not reported
765+5% 12 mo to Sep 2024LinkedIn · Jul 2026
14 yr2012
4postings · last posted Sep 2026

Online platform for booking multiple categories of travel services

Online travel
₹282.07 crFY 2022-23
Not reported
8+5% 12 mo to Sep 2024LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Online loyalty, shopping & travel rewards app

Online travel
₹253.34 crFY 2022-23
-43%2022–2023
39-27% 12 mo to Sep 2024LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Online platform offering luxury vacation villas and rentals for short term stays

Online travel
₹182.96 crFY 2024-25
+28%2024–2025
512+14% 12 mo to Sep 2024LinkedIn · Jul 2026
11 yr2015
6postings · last posted Aug 2026

Online B2B hotel booking platform providing a global inventory of hotels at competitive rates

Online travel
₹162.90 crFY 2024-25
+16%2024–2025
9LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Online retailer of travel luggage, backpacks, and related travel accessories

Fashion tech
₹145.52 crFY 2024-25
-8%2024–2025
129LinkedIn · Jul 2026
9 yr2017
0none in 3 months · last posted May 2026

App-based multiple travel service booking platform

Online travel
₹76.82 crFY 2024-25
+36%2024–2025
374LinkedIn · Jul 2026
17 yr2009
0none in 3 months

Provider of backpacker hostels with dormitory system accommodation in various locations

Online travel
₹73.01 crFY 2024-25
+48%2024–2025
597-7% 12 mo to Sep 2024LinkedIn · Jul 2026
12 yr2014
3postings · last posted Jul 2026

Provider of B2B travel booking and API solutions for agents. It offers a platform for booking flights, hotels, buses, cruises, and holiday packages. The company also provides visa processing, travel insurance, and MICE services. Its API solutions allow travel agents to integrate these services into their own systems. A white-label option enables agents to offer travel services under their own branding. The platform aims to streamline travel management and increase profitability for travel agents.

Online travel
₹70.80 crFY 2024-25
+16%2024–2025
176LinkedIn · Jul 2026
31 yr1995
0none in 3 months

End-to-end hospitality solutions provider for travel management

Tour operators
₹60.06 crFY 2024-25
-11%2024–2025
140-40% 12 mo to Aug 2023LinkedIn · Jul 2026
22 yr2004
1postings · last posted Jul 2026

Provider of curated villas and estates available for short-term rental

Online travel
₹57.18 crFY 2023-24
+219%2023–2024
251-10% vs previous recordLinkedIn · Jul 2026
12 yr2014
2postings · last posted Aug 2026

Designer and retailer of luggage and backpacks

Online travel
₹53.23 crFY 2024-25
+58%2024–2025
10LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Booking management software for the travel industry

Online travel
₹50.73 crFY 2024-25
+11%2024–2025
72+24% 12 mo to Sep 2024recorded Sep 2024
15 yr2011
0none in 3 months

SaaS-driven business management software for the travel industry

Online travel
₹41.17 crFY 2024-25
+0%2024–2025
44+0% 12 mo to Sep 2024LinkedIn · Jul 2026
26 yr2000
0none in 3 months

Online platform that provides travel booking services for travelers

Online travel
₹40.00 crFY 2024-25
+1%2024–2025
28LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Stylish, durable bags for modern lifestyles

Fashion tech
₹39.06 crFY 2024-25
+62%2024–2025
61-50% 12 mo to Sep 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months · last posted May 2022

Online retailer offering luggage, bags, and accessories

Online travel
₹30.17 crFY 2024-25
+56%2024–2025
30+35% 12 mo to Mar 2024LinkedIn · Jul 2026
8 yr2018
1postings · last posted Sep 2026

Online flight/train ticket booking portal for army personnel and SSD candidates

Online travel
₹28.31 crFY 2024-25
-2%2024–2025
200-85% 12 mo to Sep 2024LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Online travel & lifestyle content portal

Online travel
₹26.36 crFY 2024-25
Not reported
81LinkedIn · Jul 2026
9 yr2017
0none in 3 months · last posted Jun 2026

Student housing company offering affordable hostels

Residential real estate tech
₹24.58 crFY 2024-25
+56%2024–2025
17LinkedIn · Jul 2026
11 yr2015
0none in 3 months
50 of 362 companies shown here · the full list is on Radar
Fliar Radar

Explore all 362 online travel companies in Maharashtra on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

Open online travel in Maharashtra on Radar
  • Every company, not just 50All 362 online travel companies in Maharashtra, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
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Explore online travel companies in Maharashtra by what you are looking for

Find top online travel companies in Maharashtra, including online travel agencies, bus and car booking apps and holiday package sellers. Browse online travel startups in Maharashtra and travel companies that are hiring.

9 ways to explore online travel in Maharashtra

Online travel agencies & booking platformsBus, car rental & transport booking appsTour operators & holiday package companiesTravel technology & hotel software providersCorporate travel & expense managementTravel communities, guides & trip planning apps

Online travel agencies & booking platforms

Online travel agents and marketplaces to book flights, hotels and tours.

  1. Akbar Travels

    App-based multiple travel service booking platform

    Online travel
    See in list
  2. Cordelia Cruises

    Operator of leisure cruise line offering holiday voyages and experiences

    Online travel
    See in list
  3. Vernost

    Provider of technology solutions for loyalty programs, travel, and payments

    Loyalty software
    See in list
  4. VeTravel

    Business management solution for multiple travel service providers

    Online travel
    See in list
  5. Tripjack

    B2B travel technology platform

    Online travel
    See in list

Bus, car rental & transport booking apps

Apps for bus tickets, car rentals, carpooling and train information.

  1. Drive

    Car rental platform

    Online travel
    See in list
  2. Book My Charters

    Online platform facilitating private jet, helicopter, and yacht charter bookings

    Online travel
    Website
  3. Motohom

    Provider of motorhome rental services

    Online travel
    Website
  4. Zymo

    App-based car rental platform

    Road transport tech
    Website
  5. NueGo

    Operator of buses

    Road transport tech
    Website

Tour operators & holiday package companies

Tour operators selling holiday packages, activities and stays.

  1. StayVista

    Online platform offering luxury vacation villas and rentals for short term stays

    Online travel
    See in list
  2. SaffronStays

    Provider of curated villas and estates available for short-term rental

    Online travel
    See in list
  3. Ekostay

    Provides luxury villas booking platform

    Online travel
    See in list
  4. Hireavilla

    Provides platform for villa rental as well as custom services

    Online travel
    See in list
  5. Ayurooms

    Provider of wellness resorts featuring Ayurvedic treatments, yoga, and holistic therapies

    Online travel
    See in list

Travel technology & hotel software providers

B2B platforms and software for travel agents and hotels.

  1. VeTravel

    Business management solution for multiple travel service providers

    Online travel
    See in list
  2. Tripjack

    B2B travel technology platform

    Online travel
    See in list
  3. Tripmax

    Online B2B hotel booking platform providing a global inventory of hotels at competitive rates

    Online travel
    See in list
  4. Etrav

    Provider of B2B travel booking and API solutions for agents. It offers a platform for booking flights, hotels, buses, cruises, and holiday packages. The company also provides visa processing, travel insurance, and MICE services. Its API solutions allow travel agents to integrate these services into their own systems. A white-label option enables agents to offer travel services under their own branding. The platform aims to streamline travel management and increase profitability for travel agents.

    Online travel
    See in list
  5. V K Venture

    Booking management software for the travel industry

    Online travel
    See in list
49 companies in MaharashtraAll 225 hotel it companies in India →

Corporate travel & expense management

Platforms for business travel, spend and expense management.

  1. Zaggle

    Platform designed to streamline business spends, payments, and rewards through automated and innovative workflows

    Hrtech
    See in list
  2. Vernost

    Provider of technology solutions for loyalty programs, travel, and payments

    Loyalty software
    See in list
  3. SKIL Travel

    End-to-end hospitality solutions provider for travel management

    Tour operators
    See in list
  4. Kodo

    Intake-to-pay, corporate cards, and accounts payable automation solutions

    Payments
    See in list
  5. Zento

    Employee Expense And Travel Management System

    Finance & accounting tech
    Website
27 companies in Maharashtra

Travel communities, guides & trip planning apps

Social platforms and apps for trip planning and travel stories.

  1. Curly Tales

    Online travel & lifestyle content portal

    Online travel
    See in list
  2. Triporb

    Vacation recommendation app.

    Social platforms
    Website
  3. taxidio travel

    Taxidio Travel is an online trip planner platform.

    Online travel
    Website
  4. m-Indicator

    Mobile App providing Mumbai Local Train Schedule

    Online travel
    Website
  5. Compoz

    Smartphone app to discover, create and share visual stories in a social network

    Online travel
    Website

Travel luggage & gear brands

Online brands selling luggage, backpacks and travel accessories.

  1. Nasher Miles

    Online retailer of travel luggage, backpacks, and related travel accessories

    Fashion tech
    See in list
  2. Urban Tribe

    Stylish, durable bags for modern lifestyles

    Fashion tech
    See in list
  3. uppercase

    Online retailer of eco-friendly backpacks, trolley bags, duffle bags, and accessories

    Fashion tech
    Website
  4. The Carriall

    Manufacturer of smart luggage and backpacks

    Online travel
    Website
  5. Fikkar

    Internet-first brand offering smart backpacks and shoes

    Fashion tech
    Website

Online travel startups in Maharashtra

Newer travel companies founded in recent years.

  1. Digitrip

    Online platform for booking multiple categories of travel services

    Online travel
    See in list
  2. Travlinq

    Provider of API integration solutions for travel service providers

    Online travel
    See in list
  3. ZentrumHub

    Provider of an AI-powered platform for hotel booking and connectivity

    Hotel it
    See in list
  4. rePUSHTI

    SaaS-driven booking management solution for the travel industry

    Online travel
    Website
  5. Canopus Marine

    Operator of cruises and watersports activities, providing booking and charter services

    Online travel
    Website
52 companies in Maharashtra

Online travel companies hiring in Maharashtra

Travel companies with open jobs right now.

  1. Tripjack

    B2B travel technology platform

    Online travel
    See in list
  2. StayVista

    Online platform offering luxury vacation villas and rentals for short term stays

    Online travel
    See in list
  3. Nasher Miles

    Online retailer of travel luggage, backpacks, and related travel accessories

    Fashion tech
    See in list
  4. The Hosteller

    Provider of backpacker hostels with dormitory system accommodation in various locations

    Online travel
    See in list
  5. SKIL Travel

    End-to-end hospitality solutions provider for travel management

    Tour operators
    See in list
26 companies in Maharashtra
Mobile reach

Top 10 online travel apps from Maharashtra

The most-installed Android apps published by online travel companies headquartered in Maharashtra — 68.9M installs between them. 61 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

m-Indicator: Mumbai Local

by m-Indicator

Installs44.4M
Rating4.05470K ratings
Last updatedJun 2026
View on Google Play ↗
m-Indicator: Mumbai Local screenshot 1m-Indicator: Mumbai Local screenshot 2m-Indicator: Mumbai Local screenshot 3m-Indicator: Mumbai Local screenshot 4m-Indicator: Mumbai Local screenshot 5m-Indicator: Mumbai Local screenshot 6
2

Indian Railway Train IRCTC App

by Indianrails

Installs11.9M
Rating4.27237K ratings
Installs, year on year+5%
Last updatedFeb 2026
View on Google Play ↗
Indian Railway Train IRCTC App screenshot 1Indian Railway Train IRCTC App screenshot 2Indian Railway Train IRCTC App screenshot 3Indian Railway Train IRCTC App screenshot 4Indian Railway Train IRCTC App screenshot 5Indian Railway Train IRCTC App screenshot 6
3

udChalo-Super app for Soldiers

by udChalo

Installs2.5M
Rating4.1811K ratings
Installs, year on year+16%
Last updatedMay 2026
View on Google Play ↗
udChalo-Super app for Soldiers screenshot 1udChalo-Super app for Soldiers screenshot 2udChalo-Super app for Soldiers screenshot 3udChalo-Super app for Soldiers screenshot 4udChalo-Super app for Soldiers screenshot 5udChalo-Super app for Soldiers screenshot 6
4

Hourly Rooms Hotel Booking App

by Hourly Rooms

Installs2.3M
Rating—
Last updatedJun 2026
View on Google Play ↗
Hourly Rooms Hotel Booking App screenshot 1Hourly Rooms Hotel Booking App screenshot 2Hourly Rooms Hotel Booking App screenshot 3Hourly Rooms Hotel Booking App screenshot 4Hourly Rooms Hotel Booking App screenshot 5Hourly Rooms Hotel Booking App screenshot 6
5

YATRI: Mumbai Local & Metro

by Yatri

Installs2.2M
Rating3.6710K ratings
Last updatedMay 2026
View on Google Play ↗
YATRI: Mumbai Local & Metro screenshot 1YATRI: Mumbai Local & Metro screenshot 2YATRI: Mumbai Local & Metro screenshot 3YATRI: Mumbai Local & Metro screenshot 4YATRI: Mumbai Local & Metro screenshot 5YATRI: Mumbai Local & Metro screenshot 6
6

NueGo Bus Ticket Booking App

by NueGo

Installs1.8M
Rating4.0613K ratings
Installs, year on year+75%
Last updatedMay 2026
View on Google Play ↗
NueGo Bus Ticket Booking App screenshot 1NueGo Bus Ticket Booking App screenshot 2NueGo Bus Ticket Booking App screenshot 3NueGo Bus Ticket Booking App screenshot 4NueGo Bus Ticket Booking App screenshot 5NueGo Bus Ticket Booking App screenshot 6
7

InterMiles: Get rewarded daily

by InterMiles

Installs1.5M
Rating3.3816K ratings
Last updatedFeb 2026
View on Google Play ↗
InterMiles: Get rewarded daily screenshot 1InterMiles: Get rewarded daily screenshot 2InterMiles: Get rewarded daily screenshot 3InterMiles: Get rewarded daily screenshot 4InterMiles: Get rewarded daily screenshot 5
8

AkbarTravels: Flights & Hotels

by Akbar Travels

Installs1.4M
Rating4.3324K ratings
Installs, year on year+15%
Last updatedMay 2026
View on Google Play ↗
AkbarTravels: Flights & Hotels screenshot 1AkbarTravels: Flights & Hotels screenshot 2AkbarTravels: Flights & Hotels screenshot 3AkbarTravels: Flights & Hotels screenshot 4AkbarTravels: Flights & Hotels screenshot 5AkbarTravels: Flights & Hotels screenshot 6
9

Zaggle

by Zaggle

Installs631K
Rating4.289K ratings
Last updatedJun 2026
View on Google Play ↗
Zaggle screenshot 1Zaggle screenshot 2Zaggle screenshot 3Zaggle screenshot 4Zaggle screenshot 5
The business behind the activity

Online travel financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 89 online travel companies in Maharashtra for FY24-25 — 111 of the 362 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 71% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹3,887.59 cr

89 companies filing accounts

combined net profit₹367.83 cr

9.5% aggregate margin

are profitable60%

53 of 89 companies

median revenue~₹2.6 cr

the typical company

median revenue growth+16%

into FY24-25

earned by the top five71%

revenue concentration

Six-year view

Combined revenue of filing companies

₹1,009.59 crFY19-2073 filers
₹885.71 crFY20-2175 filers
₹1,830.77 crFY21-2285 filers
₹2,700.74 crFY22-2389 filers
₹3,361.57 crFY23-2491 filers
₹3,887.59 crFY24-2589 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 82 companies over three years

+58%
FY22-23₹2,425.46 cr−₹148.69 cr net
FY23-24₹3,268.48 cr−₹193.89 cr net
FY24-25₹3,832.94 cr₹367.56 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr3234% profitable
₹1–10 cr2767% profitable
₹10–100 cr2374% profitable
₹100–1,000 cr6100% profitable
Over ₹1,000 cr1100% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking27
0–20%19
20–50%14
50–100%14
Doubled+11

85 companies with accounts for both years; median growth +16%.

Profitability

Profit is concentrated at the top

53profitable
36loss-making
9.5%aggregate margin
0.7%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
RailofyRodeo Travel Technologies Private Limited
ZaggleZaggle Prepaid Ocean Services Limited+69%₹1,327.16 cr
Student HousingSTUDENT HOUSING INDIA LIMITED+64%₹19.51 cr
Urban TribeBACKPACK INTERNATIONAL PRIVATE LIMITED+62%₹39.06 cr
Curly TalesCURLY TALES DIGITAL MEDIA PRIVATE LIMITED+62%₹26.36 cr
AerTripAERTRIP INDIA LIMITED
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
VerchaskaVA TECH VENTURES PRIVATE LIMITED212.8%₹35.92 cr
Cordelia CruisesWATERWAYS LEISURE TOURISM LIMITED31.6%₹589.50 cr
AerTripAERTRIP INDIA LIMITED
Samyag, TravlinqVARANK TECH PRIVATE LIMITED
Student HousingSTUDENT HOUSING INDIA LIMITED10.8%₹19.51 cr
Curly TalesCURLY TALES DIGITAL MEDIA PRIVATE LIMITED8.7%₹26.36 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Online travel67₹1,917.44 cr~₹2.8 cr63%14.0%
Leaders

Largest online travel companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
ZaggleZaggle Prepaid Ocean Services Limited₹1,327.16 cr₹87.48 cr6.6%+69%
Cordelia CruisesWATERWAYS LEISURE TOURISM LIMITED₹589.50 cr₹186.28 cr31.6%+31%
VernostVERNOST TECH VENTURES PRIVATE LIMITED₹341.49 cr₹21.69 cr6.4%-44%
TripjackTRIP JACK PRIVATE LIMITED₹320.91 cr₹24.48 cr7.6%+5%
StayVistaSTAY VISTA PRIVATE LIMITED₹182.96 cr₹3.64 cr2.0%+28%
TripmaxCLASSIC TRAVEL SHOPPE PRIVATE LIMITED₹162.90 cr₹67.18 lakh0.4%+16%
Nasher MilesNASHER MILES PRIVATE LIMITED₹145.52 cr₹8.63 lakh0.1%-8%
Bonton HolidaysBONTON HOLIDAYS PRIVATE LIMITED₹76.82 cr−₹1.57 cr-2.0%+36%
The HostellerTHE HOSTELLER HOSPITALITY PRIVATE LIMITED₹73.01 cr−₹15.35 cr-21.0%+48%
SKIL TravelSKIL TRAVEL PRIVATE LIMITED₹60.06 cr₹1.02 cr1.7%-11%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

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The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Online travel funding and M&A across India

685 recorded equity rounds have gone to 2,755 online travel companies in India — how much, at which stage, into which sub-sectors, from whom, and how Maharashtra compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months13

US$67.33m

equity rounds, last 24 months53

US$232.72m

raised over five yearsUS$813.08m

217 rounds in India

M&A deals, Maharashtra27

last 24 months

Capital by year

Equity funding into online travel in India

amount rounds
$1.3bn201853
$1.8bn201953
$68m202032
$257m202156
$52m202250
$53m202335
$345m202436
$71m202533
$35m20267

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2019, with US$1.84bn across 53 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$5.42m46 rounds · median US$78k
SeedUS$115.12m117 rounds · median US$488k
Series AUS$128.44m24 rounds · median US$2.10m
Series BUS$65.46m13 rounds · median US$2.15m
Series CUS$60.43m4 rounds · median US$4.46m
Series D+US$438.21m13 rounds · median US$22.23m
Where the money went · five years

Most-funded sub-sectors

Online travelUS$577.86m172 rounds · 84 companies
Road transport techUS$171.69m13 rounds · 4 companies
Fashion techUS$27.58m12 rounds · 5 companies
HrtechUS$14.07m4 rounds · 2 companies
PaymentsUS$9.57m4 rounds · 2 companies
Alternative lendingUS$7.56m3 rounds · 1 companies
Hotel itUS$3.95m3 rounds · 1 companies
Corporate activity · last 24 months

M&A in Maharashtra

27Acquisition

Most active acquirers

  1. Zaggle Prepaid Ocean Services23
  2. Ziptrrip2
  3. Ran Ventures1
  4. The Broker Investment Group (TBIG)1

Most acquired or merged

  1. Mobileware technologies3
  2. Dice2
  3. Na2
  4. Effiasoft2
  5. Rio.Money2

Each deal appears in the events strip at the top of the page.

Online travel funding in Maharashtra

44 online travel companies in Maharashtra have recorded equity funding, US$225.32m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Maharashtra

Meet the people behind online travel companies in Maharashtra. 199 of 362 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Maharashtra online travel companies by sub-sector

The most common specialisations among online travel companies in Maharashtra. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring online travel in India and nearby markets.

Coming soon