TBO Group gets stronger as SCPE acquires Naspers’ stake

TBO Group seems to have come out stronger as Standard Chartered Private Equity (SCPE) acquires Naspers’ stake in TBO Group. SCPE now owns 49 per cent of the stake vis-a-vis Nasper that earlier owned 52 per cent with both co-founders currently owning 51 per cent stake. Ankush Nijhawan, Co-founder, TBO Group, says, “SCPE now believes in our business model that we have built in the last twelve years; I think the game has just begun.”
In his message to travel agents, he added, “TBO has been known for innovations in tech-segments. TBO Academy is something we just built and started, and we have also recently launched the Roamer App. We will also bring cruises online by the end of the year.”
Talking about SCPE’s plans for TBO, Nijhawan said, “SCPE is very bullish on our business plans, they believe in us and they are going to be the growth drivers for us in the global market as well as India. They will back us in whatever we think is great for the company.”