Bookaway Ltd.

Bookaway Ltd. is an online platform that facilitates seamless bookings for buses, trains, and ferries, enhancing travel experiences for customers globally. Bookaway Ltd. was founded in 2017 in Tel Aviv-Yafo, Israel.

The company operates a platform that simplifies travel bookings for customers by providing access to various transport options. David Yitzhaki serves as both the Founder and CEO. The company has raised a total of USD 35. 00 mn through its funding activities, most recently securing USD 35.

00 mn in Series C funding on May 10, 2022, led by Red Dot Capital Partners, with participation from other investors including Aleph, Corner Ventures, and Entrée Capital. Bookaway specializes in providing a comprehensive platform for booking buses, trains, and ferries, catering to travelers seeking seamless transportation solutions across various global destinations. Their core offerings include a user-friendly website and mobile application that allow customers to compare ticket prices, book tickets, and manage travel itineraries easily. The service primarily targets individual travelers, families, and groups looking to explore popular routes in countries such as Italy, Mexico, Costa Rica, Thailand, and Vietnam, among others.

By enabling customers to access thousands of travel options and facilitating direct communication with transport operators, Bookaway addresses common challenges in travel planning, such as coordinating schedules, obtaining timely information, and ensuring reliable service. Bookaway generates revenue through a transaction-based model, wherein customers pay for transportation services booked via their platform. The company employs a commission structure, securing a percentage of each ticket sold through their service. This model supports various transportation options, including flagship services for buses, trains, and ferries.

Clients typically include individual travelers as well as groups, who utilize the platform for both domestic and international routes. The pricing structure encompasses different tiers based on the type of service, route, and timing, allowing for flexibility and catering to diverse customer needs. Through these transactions, Bookaway not only facilitates travel bookings but also builds partnerships with numerous transport operators, enhancing their product offerings across different geographical markets. In May 2022, Bookaway Ltd.

raised USD 35. 00 mn in Series C funding, with plans to use the funding to accelerate its mission to digitalize the USD 157 bn ground transportation industry. The company is focusing on launching new products to enhance its platform and plans to expand into new markets, aiming to reach further into regions where ground transportation options are less accessible. Specific markets targeted for expansion will be identified as part of this growth strategy.