Istanbul-based AIT Travel announced Thursday, March 10, 2016 that they have signed an agreement to acquire Tripli, the U.S. based startup and leading platform for connecting fast-growing tour operators with travelers.
Washington, DC -- (ReleaseWire) -- 03/10/2016 --AIT Travel, Turkey's leading travel platform, announced Thursday, March 10th that they have signed an agreement to purchase Tripli, the U.S. based startup and leading platform for connecting fast-growing tour operators with travelers. AIT announced it has entered into a definitive agreement to acquire Tripli for $5.8 million in cash.
Founded in 2014, Tripli is a rapidly growing U.S. based startup in curating authentic local experiences. "This acquisition will benefit current and future customers looking to gain the benefits of local tour operators and providers for their own unique itineraries," said Muhtar Aydin, chief executive officer of AIT. "Tripli combines the performance and economics of all AIT travel portals and architecture that radically simplifies central operations and enables our platforms to expand into new markets. We look forward to extending AITs leadership, products and partnerships through this acquisition.
These developments come on the heels of an announcement by Tripli on Monday, February 22nd that the company would pause operations while it made a transition. The Tripli service has grown at a rapid pace in Istanbul, expanding to over 350 Tour operators in just a few months, servicing thousands of travelers, many of whom are seeking authentic local experiences. According to Tripli Founder and CEO Nabeel Ahmed, "I have spent every waking hour over the past three years working to build the most vibrant community of empowered tour operators and travelers and this acquisition only enables us to expand our footprint in other frontiers."
Tripli is the leading and trusted community-driven hospitality company. Locals on Tripli sell amazing u out their spare space —from unique guided historical tours to learning how to cook authentic food, from building local musical instruments to hanging out with a samurai warrior—in more than 15 cities globally. With round-the-clock customer service, world-class communication and trust tools, and a $1,000,000 Local Guide Guarantee, Tripli facilitates thousands of amazing travel experiences, one trip at a time.