Airline prices can toy with your emotions. They go up, they go down, and you never know exactly where you stand.
Yapta has raised $4.2 million for its airfare price tracking technology that lets you know when to book. The engine continually monitors flight prices and you set up custom alerts to receive push notifications when a price drops. It also helps you get refunds, after you buy. You enter your flight details and if the fare drops after you’ve paid, Yapta helps you get a refund for the difference.
The company claims to have identified over $450 million in savings for travelers since it launched in 2007. In 2012, Yapta released a business-to-business product called FareIQ for tracking corporate airfare. Travel managers book flights and the fares are tracked for each passenger, factoring in different itineraries, the amounts of change fees etc…All the information is accessible in a dashboard that presents savings opportunities, so a travel manager can rebook flights at lower prices when possible. Managers can also see booking history, as well as recommendations to help businesses plan more effectively in the future.
FareIQ now drives a significant portion of Yapta’s revenue. It works with companies that spend between $2 million to $200 million a year on airfare, and to date has saved customers a total of more than $1 million. In the first seven months, the total value of departed itineraries tracked was $25 million. 9.7% of the itineraries qualified for savings, with an average of $386 identified in savings per qualified itinerary.
Yapta will use this financing to continue developing and strengthening FareIQ. It has closed $4.2 million in its fourth round of venture capital funding, with the option to raise an additional $2 million over the next 90 days. Concur led this round through its Perfect Trip Fund. Concur is a provider of travel and expense management solutions and formed the Perfect Trip Fund to support travel-and-expense companies that are working on innovation in business travel. Other investments include hotel comparison engine Room 77, Indian travel company Cleartrip, a buuteeq, a digital marketing system for hotels.
This brings its total capital raised to $20.4 million. Yapta is based in Seattle, Washington.
Filed under: Business, Deals, Lifestyle
Rebecca Grant 24 Jul, 2013
enclosure: http://venturebeat.files.wordpress.com/2013/07/shutterstock_104583926.jpg?w=160
-
Source: http://venturebeat.com/2013/07/23/yaptas-price-tracking-tech-could-save-corporations-millions-on-airfare/
--
Manage subscription | Powered by rssforward.com Artikel terkait :
0 komentar :
Posting Komentar