GURUGRAM, India and
NEW YORK, July 14, 2020 /PRNewswire/ -- Yatra Online, Inc.
("Yatra") (NASDAQ: YTRA) (OTCQX: YTROF), India's leading online corporate travel
platform servicing 850+ corporate and 20,000+ SME clients, has
forged an alliance with upGrad Enterprise, the B2B arm of upGrad,
India's largest online higher
education company. With Yatra's aim to diversify its portfolio
beyond travel, this partnership shall enable its corporate clients
to deliver advance learning and skill development for their
employees.
From deployment-ready workforce within 6 months, to reducing
employee attrition and aligning L&D plan with business growth
strategy, upGrad Enterprise will work closely with Yatra's
corporate and SME clientele. The edtech major will be providing
deep skilling programs that align with the client's desired
business outcomes to deliver impact at scale.
Commenting on the partnership, Dhruv
Shringi, Co-founder and Chief Executive Officer,
Yatra.com said, "In a tough economic climate, it is
important to develop and reskill the workforce to overcome the
challenges being presented. We are excited to join forces with
upGrad to provide a platform to our clients who are looking to
develop employees' potential specific to their businesses or a
sector. This unique partnership further paves our way to become an
end to end business solution provider to our clients."
"The unprecedented rate of technology advancement is
disrupting companies and jobs everywhere. Across verticals,
enterprises face barriers to this adoption due to skill-gap in
their talent pool. Such barriers can be crippling, hampering
business growth. Our strategic partnership with Yatra, which is
absolutely first of its kind and creates a new milestone in the
education industry, will be focused towards bridging this workforce
skill-gap," said Mayank
Kumar, Co-Founder & MD, upGrad.
The strategic alliance will empower Yatra's corporates and SME
clientele with human-assisted learning expertise combined with
cutting edge curriculum, collaboration with leading global faculty
& industry experts, and an immersive online platform, thereby
making them future ready.
About Yatra Online, Inc and Yatra Online Pvt
Ltd
Yatra Online, Inc is the parent company of Yatra Online Pvt.
Ltd. which is based in Gurugram, India and is India's leading Corporate Travel services
provider with over 850 corporate customers and 20,000+ SMEs across
industries.
Being one of India's leading
online travel companies and operating the website Yatra.com, the
company provides information, pricing, availability, and booking
facility for domestic and international air travel, domestic and
international hotel bookings, holiday packages, buses, trains, in
city activities, inter-city and point-to-point cabs, homestays and
cruises. Launched in August 2006,
Yatra was ranked the Most Trusted E-Commerce Travel Brand in
India in the Economic Times Brand
Equity Survey for two successive years, and has won the National
Tourism Award for 'Best Domestic Tour Operator (Rest of
India)' conferred by the
Government of India four
times.
Safe Harbor Statement
Statements contained in this press release that relate to future
results and events may constitute "forward-looking statements"
within the meaning of safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These forward-looking
statements are based on the Company's current expectations,
assumptions, estimates and projections about the Company and its
industry. These forward-looking statements are subject to various
risks and uncertainties. Generally, these forward-looking
statements can be identified by the use of forward-looking
terminology such as "anticipate," "believe," "estimate," "expect,"
"intend," "will," "project," "seek," "seem," "should" and similar
expressions. Such statements include, among other things,
management's beliefs as well as our strategic and operational
plans. Forward-looking statements involve inherent risks and
uncertainties. A number of important factors could cause actual
results to differ materially from those contained in any
forward-looking statement. Potential risks and uncertainties
include, but are not limited to, the slow-down of economic growth
in India and the global economic
downturn, general declines or disruptions in the travel industry,
volatility in the trading price of our shares, our reliance on our
relationships with travel suppliers and strategic alliances,
failure to further increase our brand recognition to obtain new
business partners and consumers, failure to compete against new and
existing competitors, failure to successfully manage current growth
and potential future growth, risks associated with any strategic
investments or acquisitions, seasonality in the travel industry in
India and overseas, failure to
successfully develop our corporate travel business, damage to or
failure of our infrastructure and technology, loss of services of
our key executives, and inflation in India and in other countries. These and other
factors are discussed in our reports filed with the U.S. Securities
and Exchange Commission. All information provided in this earnings
release is provided as of the date of issuance of this earnings
release, and we do not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
For further information please contact:
Manish Hemrajani
Yatra Online, Inc.
VP, Head of Investor Relations and Corporate Development
ir@yatra.com
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SOURCE Yatra Online, Inc.