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Tumodo Secures $35 Million To Transform MENA Business Travel

The B2B travel platform combines data science, user-friendly design, and world-class service to bring businesses and employees the best travel experiences.

Published

11 months ago

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tumodo secures $35 million to transform mena business travel

Tumodo, an innovative business travel platform founded in 2023, has announced the successful completion of a $35 million pre-seed funding round, co-led by prominent angel investors focused on the MENA region.

The substantial injection of capital will serve as a catalyst for Tumodo’s expansion in the UAE market, continued product development, and the exploration of new partnership prospects. Additionally, the company has ambitious plans to extend its reach across 25 countries worldwide by 2026.

Tumodo offers businesses a streamlined solution to book flights and accommodation for hundreds of employees in under two minutes. Notably, the platform provides complete transparency, free from hidden fees, allowing businesses to manage expenses with greater precision. The company is also working on an AI feature to simplify trip planning, offering seamless integration with corporate HR systems.

Stan Klyuy, Tumodo’s Chief Commercial Officer, explained, “[Tumodo’s] mission is to contribute to the MENA business travel market, ensuring not only its rapid recovery but also positioning it as a leader in technological innovation. We facilitate the establishment of efficient business processes, optimize travel expense management, and bolster employee productivity while ensuring compliance with travel policies. On average, our clients achieve a remarkable 35% reduction in their business travel expenses”.

Also Read: Paymob Secures PSP License From Oman’s Central Bank

Tumodo has already gained the trust of over 100 businesses in the MENA region, boasting connectivity to major distribution channels, global hotel chains, and collaborations with over 400 airlines. In addition, Tumodo’s support specialists are available to assist in trip organization, helping to meet travel objectives while maximizing return on investment.

According to the World Travel & Tourism Council, even during the pandemic, business travel expenditures surpassed leisure travel spending. During 2021-2022, the growth rate of the business travel market exceeded that of leisure travel by 1-10% in many regions, reaching nearly 15% in the Middle East market.

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UAE Prepares To Launch Two Satellites: Thuraya-2 And MBZ-SAT

HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum chaired the first meeting of the Supreme Space Council yesterday.

Published

5 days ago

on

December 17, 2024

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uae prepares to launch two satellites thuraya-2 and mbz-sat

HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister of the UAE, chaired the first meeting of the Supreme Space Council in Dubai on December 16, 2024. The session highlighted the UAE’s ambitious space plans and took stock of the sector’s economic progress.

The council emphasized the growing role of private companies in advancing space technologies, noting that their contributions are now equal to that of the public sector. Members also praised initiatives like the Space Economic Zones Programme, which are designed to fuel innovation and investment in the space industry.

Discussing the UAE’s space journey, HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum remarked, “The national space sector continues to grow and advance, and we take immense pride in the remarkable achievements we have accomplished over the years”.

Sheikh Hamdan also received updates on two upcoming satellite projects: Thuraya-2 and MBZ-SAT. Thuraya-2, developed by Space42, is slated for launch this December. Meanwhile, the MBZ-SAT, created by the Mohammed Bin Rashid Space Centre (MBRSC), will soon follow. MBRSC, a major driver of the UAE National Space Programme, continues to lead the nation’s space-related developments.

Space42 took the opportunity to showcase its advancements, including ongoing collaborations between public and private entities. The company also outlined strategies to promote innovation, boost revenue streams, and create new opportunities for growth in the sector.

Also Read: IBM Opens New Doha Office To Support Qatar’s Digital Growth

The UAE’s current projects build on a growing legacy of space exploration. Back in 2020, the nation made headlines with its Mars mission, successfully sending a probe into the planet’s orbit in 2021. This mission, which is now in its second phase as of June 2024, has been collecting critical data to develop a comprehensive diurnal image of Mars.

The UAE also ventured into lunar exploration with an unmanned mission aimed at studying untouched regions of the Moon’s surface. While the probe ultimately crashed during its landing attempt after communication was lost seconds before touchdown, the effort represented a significant step in the country’s exploration ambitions.

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