Pankaj Nagpal, Managing Director of Travstarz Global Group, said Travstarz shall soon "be a 100% Indian company once again".
So far the platform has grown to 300,000 members, with 20,000 pilots offering their services.
Beyond this year, the company holds ambitions to grow to 1,000+ units across the Nordic and Baltic nations, as well as the United Kingdom, within the next two years, despite the coronavirus outbreak.
TravelSky Mobile Tech is seeking monetization and profitability through a series of reforms including this capital restructuring plan.
More than 5,000 hotels in 96 countries use THN’s technology to boost direct bookings.
The fresh investment provides Travelport with the liquidity it needs to manage the sharp downturn in revenue related to a devastated travel industry due to the coronavirus pandemic.
Outdoorsy has seen a 2,645% increase in bookings from the low point of COVID, which was late March, to right now.
The company expects its total revenues to decrease by 10%-15% for the full year 2020.
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