Paytm announced that it is booking over 1 million train tickets in a month and has become India’s largest platform for train tickets booking after IRCTC. It has become a preferred platform for users to plan their journeys and book train, air, bus and hotels instantly and targets 3x growth this financial year
The company launched online train ticket bookings in partnership with IRCTC in October of 2016 to become an integrated platform for all travel bookings. Currently 90% of the train ticket bookings on Paytm are done through the mobile platform.
Speaking on the announcement, Abhishek Rajan, Vice President, Paytm said, “Our partnership with IRCTC is a major leap towards bringing the trusted and convenient Paytm experience to train tickets booking. We are extremely overwhelmed by the response received for train ticket bookings on Paytm in last 6 months. Emerging as the country’s largest platform in train ticket bookings is a definitive step towards our goal of building the country’s largest travel booking platform.”
In recent months, Paytm has witnessed exponential growth in its travel vertical with more than 10 million tickets sold in FY 2017. This year, the company is aiming to be the country’s largest destination for all travel booking needs. The travel marketplace team is headquartered in Bengaluru and has scaled up to 150+ members in the last 12 months. It is looking to ramp up to 250 in next two quarters.