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Indonesian online travel agent Tiket has been acquired by Blibli, an ecommerce site backed by Indonesian tobacco conglomerate Djarum. The firms announced this at a joint event in Jakarta today. It’s a 100 percent takeover, but no further details on the deal were disclosed. Blibli, an ecommerce site with a diverse range of products, began branching out into travel at the end of last year. With this acquisition, it can fast-track growth in this segment. Tiket is a popular ticket booking site that offers flights, train tickets, hotels, car rentals, and concert tickets. It was launched in 2011 and took pride in being built on angel funding only and not taking on multiple rounds of venture capital. The core team remains in their respective positions, with Undarsa as CCO and Natali Ardianto as CTO. There’s one change at the top though. Post-acquisition, George Hendrata will be Tiket’s new CEO. He is also business development director at Djarum and chairman of BMJ, one of the world’s largest specialty paper companies. He replaces Jonggi Manalu, who was the former CEO of Tiket and is going into retirement, according to Undarsa. Read original article |
