In early September, Phocuswright published its India Total Market Report, which provides a comprehensive view of India’s travel market, including detailed market sizing and projections, distribution trends, analysis of major travel segments and key developments. Below, PhocusWire dives deeper into Rakuten India and InterGlobe Technology Quotient.
Rakuten India, the Rakuten Group’s technology hub, has signed a memorandum of understanding (MOU) with India-based InterGlobe Technology Quotient, a business unit of InterGlobe Enterprises specializing in travel technology.
The “collaborative arrangement” is the first of its kind between Rakuten India and ITQ. Rakuten says it will be a technology partner to ITQ to help build innovative travel products and solutions using artificial intelligence, augmented and virtual reality, blockchain and the Internet of Things.
“A post-pandemic world of travel presents newer opportunities and demands fresh thinking,” says Sandeep Dwivedi, COO at ITQ.
“By joining with a deep tech leader like Rakuten,” Dwivedi says, “we have a great opportunity to develop and bring to market innovative and industry-changing solutions that address some of the most pressing needs in our sector today.”
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ITQ and Rakuten will jointly distribute Rakuten SixthSense, a SaaS platform. ITQ says it has more than 13,000 customers, including travel management companies, online travel agencies and retail agencies in almost 400 cities.
Sunil Gopinath, CEO and managing director of Rakuten India, says the partnership is “a unique opportunity for us to not only flex our deep-tech solutions muscle, but also take our B2B product, SixthSense, to the travel industry at large.”