GURGAON, India and NEW YORK, February 22,
2018 /PRNewswire/ --
Yatra Online, Inc. (NASDAQ: YTRA) (OTCQX: YTROF), India's leading online travel company, today
announced the appointment of Sean
Aggarwal, former CFO of Trulia, Inc., to its Board of
Directors effective March 1,
2018.
(Logo:
http://mma.prnewswire.com/media/538225/Yatra_Logo.jpg )
"We are very pleased to have Sean join our board and look
forward to his contributions," said Dhruv
Shringi, Yatra's CEO and Co-founder. "We conducted an
exhaustive search for someone who would further strengthen our
board's breadth of talent and background, and we are delighted to
have identified such an outstanding individual. I'm confident that
Sean is going to make an important and positive impact on our
company. Sean is a Silicon Valley leader and his capital markets
experience and strategic insights into the consumer tech segment
will be invaluable to Yatra as we continue to expand our reach and
customer base in both Consumer and Corporate travel markets in
India."
Sean is a current board member of Lyft and the former CFO of
Trulia, which he helped take public in 2012 and later in 2015
orchestrated its sale to Zillow for 5x the IPO valuation. Prior to
Trulia, Sean held finance positions at Paypal, eBay, Amazon,
PepsiCo and Merrill Lynch Investment Banking. Sean was named CFO of
the year by Proformative in 2013. He holds an MBA from Northwestern University's Kellogg School of
Management
"Yatra is a great growth story in an emerging market and I am
excited to be a part of a company which has such a large
opportunity in front of it. I have great respect for Yatra's board
and leadership team, and I look forward to working with them," said
Aggarwal.
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 one of India's leading
online travel companies and operates 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. As a leading platform of accommodation options, Yatra
provides real-time bookings for more than 83,000 hotels in
India and over 800,000 hotels
around the world.
Customers can access Yatra in multiple ways: through a
user-friendly website, mobile optimised WAP site and applications,
a multi-lingual call centre, a countrywide network of Holiday
Lounges and Yatra Travel Express stores.
Launched in August 2006, Yatra was
ranked the Most Trusted e-Commerce Travel Brand in India in the Economic Times Brand Equity
Survey 2016 for the second successive year, and has won the
National Tourism Award for 'Best Domestic Tour Operator (Rest of
India)' at the India Tourism
Awards held in September 2017 for the
third time in a row.
Safe Harbor Statement:
This press release contains certain statements concerning the
Company's future growth prospects and forward-looking statements,
as defined in the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. 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," "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 press
release is provided as of the date of issuance of this press
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 Investor Relations
manish.hemrajani@yatra.com
SOURCE Yatra Online, Inc.