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India's Paytm finances bus ticketing tech firm Infinity

12/05/2019| 3:17:27 PM| 中文

In addition to its technology that streamlines ticketing and booking, Infinity offers live vehicle tracking through GPS and in-bus entertainment with its MagicBox solution.

Months after announcing plans to expand its travel business, Indian financial platform Paytm is making a strategic investment into bus ticketing technology company Infinity Transoft Solutions Private Limited.

Terms of the deal were not disclosed, but it is reportedly worth up to Rs 10 crore (about $1.4 million).

Since launching in 2016, Paytm Travel has sold more than 100 million tickets across flights, trains and buses.

The company offers bus tickets for more than 62,000 routes with 2,000 private bus operators.

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TAGS: Paytm | Infinity Transoft Solutions
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