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Omio
Online travel agency platform From Wikipedia, the free encyclopedia
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Omio (legally: GoEuro Travel GmbH), formerly known as GoEuro, is a German online travel comparison and booking website based in Berlin, Germany.[1] It was founded in 2013 as GoEuro by Naren Shaam.[2][3]
History
Indian-born entrepreneur Naren Shaam, a 2012 Harvard Business School MBA graduate,[4] founded the company in 2013 under the name GoEuro. Initially focused on German and British rail and bus data, the platform rapidly expanded to cover 500 operators in 36 European countries by 2018.[5]
In 2019, the website rebranded itself as Omio and acquired the Australian travel website Rome2rio.[6]
In January 2020, Omio expanded to Canada and the United States.[6]
COVID-19 contraction and recovery (2020–2022)
The COVID-19 pandemic cut Omio’s revenues by 98 percent in March 2020, leading to large-scale furloughs and a switch to “keep-the-lights-on” operations.[7]
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Recent developments
In 2024, Omio partnered with Companjon to offer Omio Flex, allowing users to cancel journey tickets up to two hours before departure time.[8]
Business model and services
Omio aggregates schedules, fares and seat inventories from rail, coach, air and ferry operators, normalising disparate data sets into a single search interface.[9]
Omio employs more than 300 people and is active in 37 countries globally.[10]
The website is available in 21 languages.[11] It offers travelers the ability to organize transportation requirements such as trains, planes, buses, etc by using their easy-to-use platform.[12] It covers 207 European airports, over ten thousand central bus stations, and over twenty thousand train stations.[2]
Funding and valuation
Since launch Omio has raised roughly US$480 million in venture financing from investors including Temasek, Kinnevik, Goldman Sachs and NEA. and resumed full operations as intra-European ground travel rebounded late in the year.[7][13]
Major rounds include a US$150 million Series C in 2018, the US$100 million convertible note in 2020[14], and the US$80 million Series E in 2022.[13]
See also
References
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