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What they doLeading multi-modal travel booking app that enables consumers to save time & money
Investment Thesis
What they do
Leading multi-modal travel booking app that enables consumers to save time & money
Travelers can seamlessly book trains, buses, ferries, and flights across:
- 37 countries
- 21 languages
- 26 currencies
- 1,000+ transportation providers
Business is rebounding faster than many larger travel platforms
- Ticket sales are more than 140% above pre-pandemic levels
- Consumers continue to shift towards mobile bookings; 80% of Omio's bookings are mobile (25% increase from 2019)
Investment Thesis
Landmark partnership with Uber
- Omio to provider Uber users with the ability to book travel within the Uber app (Omio's tech at work in the background)
- Initial launch took place in the United Kingdom
- Uber is now prepared to expand the roll-out throughout other countries in Europe
Unique Search API
- It took several years for Omio to develop and perfect its API
- Represents a significant 'moat' for the business, serving as a 'barrier to entry' for competitors
Multiple Ways to Achieve Future Growth
- Global travel demand continues to increase post-pandemic, serving as a secular tailwind
- Growth levers include:
- Organic, through existing markets
- Global, through acquisition
- Further leverage API, making it available to other third parties
