Bengaluru: Navan, the all-in-one travel and expense management app formerly known as TripActions, has announced acquisition of Tripeur, a modern corporate travel management startup based in Bangalore, India. This acquisition allows Navan to enter the $35 billion travel market in India, and it complements Navan’s all-in-one, people-centric software design. Tripeur will enable Navan to scale and localize its technology to serve its growing list of enterprise customers who demand a global Navan experience.
Tripeur, founded in 2015 by Thiagarajan Rajagopalan and Sajit Chacko, provides businesses with a single platform to manage their entire travel experience. The startup has transformed the Indian travel market from offline to online and is backed by investors, including Pentathlon Ventures and Incubate Fund.
According to Thiagarajan Rajagopalan, Co-founder and CEO of Tripeur, there is an unprecedented demand for high-quality corporate travel solutions in India, and he is thrilled to be a part of Navan’s success story in India and beyond. The acquisition of Tripeur will allow Navan to immediately solve for local challenges and provide unparalleled products and services in the region.
Navan CEO and co-founder Ariel Cohen stated that employees are tech-savvy and require online, mobile-first solutions designed for people, regardless of their geographic location. India leads the world in per capita mobile data consumption, making it essential to prioritize mobile-centric solutions. Tripeur’s understanding of the market, deep inventory, and payment connectivity further solidifies Navan’s position as a global all-in-one travel, corporate card, and expense management solution.
This latest acquisition marks the Navan Group’s fifth acquisition in two years, having already completed acquisitions across the UK, Germany, Sweden, Spain, and India. With the addition of Tripeur, Navan’s footprint extends to 21 offices around the world, including Amsterdam, Atlanta, Austin, Bengaluru, Berlin, Dallas, Dublin, Gurgaon (Delhi), Gothenburg, Lisbon, London, New York City, Palo Alto, Paris, Salt Lake City, San Francisco, Seattle, Singapore, Sydney, and Tel Aviv.
Tripeur will complement Navan’s all-in-one, people-centric software design, providing an unparalleled solution that enhances traveler experience, maximizes CFO savings, and streamlines travel admin efficiencies without compromising the needs of each stakeholder. Tripeur’s specialized GST technology enables the automatic reconciliation of employee purchases, removing the complex burden from finance teams.
In conclusion, Navan’s acquisition of Tripeur is a strategic move that allows Navan to enter the Indian travel market and complements Navan’s all-in-one, people-centric software design. Tripeur’s understanding of the market, deep inventory, and payment connectivity further solidifies Navan’s position as a global all-in-one travel, corporate card, and expense management solution. With this latest acquisition, the Navan Group continues to expand its footprint and capabilities to meet the needs of its growing list of enterprise customers.
