The stellar rise of TripActions in the past five years has garnered much interest from many quarters of the travel distribution landscape.
Now, having raised $1.3 billion at a valuation of $7.25 billion, the corporate travel startup is poised for further growth.
Where many startups reduced headcount and brought down the shutters during the pandemic, TripActions continued to raise significant rounds and unveil new products.
During an Executive Interview at the Phocuswright Conference 2021, Ariel Cohen, co-founder and chief executive of TripActions discusses its recent growth and how the pandemic drove many companies to seek out a single platform for travel management.
He also talks of the need to replace everything in travel management from booking to payment and expenses in order to take on legacy players and provide a better product.
Further growth is undoubtedly on the cards for TripActions through product development, acquisitions as well as an IPO in its future.
Cohen touches on recent launches such as its payment and expenses product Liquid as well as industry innovation and staying ahead of competition.
Watch the full interview with PhocusWire's Mitra Sorrells below:
Executive Interview: TripActions - Ariel Cohen - The Phocuswright Conference 2021