Monday January 20, 2020
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Paytm To Invest Rs.250 Crores For Its Travel Business

Digital payments firm Paytm on Thursday announced to invest Rs 250 crore in its travel business over the next six months to scale up product and technology team for new business

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Paytm, Business, Travel, innovation, money
The company has chosen Bengaluru as the base of operations for its travel Business with a teame of over 300 members. Pixabay

Digital payments firm Paytm on Thursday announced to invest Rs 250 crore in its travel business over the next six months to scale up product and technology team and set up new business verticals.

According to the company, owned by One97 Communications, it has sold over 100 million tickets within just three years of operations.

“We continue to witness strong growth in tier 2 and 3 cities, which accounts for over 65 per cent of our new customers. This investment will help us further bolster our position as a dominant player in the travel booking space,” said Abhishek Rajan, Senior Vice President at Paytm Travel.

The company claimed that it sells more than six million travel tickets every month and is targeting to grow by 100 per cent in the current financial year.

Paytm, Business, Travel, innovation, money
Paytm Travel has launched several product innovations like free cancellation that starts as low as Rs 99 for flights and Rs 9 for bus. Wikimedia Commons

With a customer base of more than 15 million and annual GMV of $1 billion, Paytm has quickly risen to become a leading online travel booking destination in India.

Since its inception, Paytm Travel has launched several product innovations like free cancellation that starts as low as Rs 99 for flights and Rs 9 for bus, zero cancellation-processing fee on flight tickets and instant refunds among others.

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“Our users have saved more than 60 crore from our free cancellation feature on flight and bus ticket bookings,” added Rajan.

The company has chosen Bengaluru as the base of operations for its travel Business with a teame of over 300 members. (IANS)

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Balmain East: Then and Now

Balmain East has changed from a working-family suburb to a thriving busy area. Balmain East has changed from a working-family suburb to a thriving busy area

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Balmain
If you’re looking for some time away from the hustle and bustle of the city life in Sydney, Balmain is just a 10-minute drive away. Wikimedia Commons

Located just 6km west of Sydney’s city centre, perched on a peninsula in Sydney Harbour, Balmain cemented itself primarily as the home of working families. It has a strong industrial background and was the home to coal mines, shipbuilding, metal foundries, boiler making and engineering.

 Governor Hunter granted 550 acres to colonial surgeon William Balmain in 1800 and from then on, the first settlement of the Balmain peninsula was slow due to the lack of transport to the area. However, it’s now easily accessible by car, public transport and even by a ferry crossing.

Beyond Sydney

 If you’re looking for some time away from the hustle and bustle of the city life in Sydney, Balmain is just a 10-minute drive away. You will definitely want to visit the area, so be sure to compare car rentals in Sydney to find your perfect vehicle.

 The area is charming and well known for its numerous pubs and friendly village atmosphere. It’s the perfect place to while away the time with peaceful walks, a spot of shopping and tasting the local food – all with fantastic harbour views. Darling Street, running from Rozelle all the way to the water’s edge at Balmain East Ferry Wharf is the best place to begin your adventure in Balmain.

Balmain
Located just 6km west of Sydney’s city centre, perched on a peninsula in Sydney Harbour, Balmain cemented itself primarily as the home of working families. Wikimedia Commons

Admire the views

 As Sydney is just across the water, Balmain’s Thornton Park is the perfect spot to take in the fabulous views of the harbour, city and Sydney Harbour Bridge. The park has picnic tables available for you to sit and enjoy your lunch while you soak up the sights before getting back to your adventure.

Spot of shopping

 No visit to the area would be complete without taking a gander around Balmain Market, one of Sydney’s oldest markets with a history dating back to the 1970s. Stroll around the historic grounds of St Andrews Congregational Church, to find an abundance of handmade products, jewellery and giftware, as well as a selection of tasty food to suit everyone. The market is open every Saturday from 09:00 to 15:00 in summer, and every second Saturday of the month thereafter, weather permitting.

Wine and dine

 Balmain is known for its fantastic selection of eateries and bars. We’ve taken a look at the places you need to pay a visit to when you’re in the area:

 

  • Efendy Restaurant

 

Enjoy contemporary Turkish cuisine in a restored Victorian mansion. If that wasn’t enough, Efendy also has an intimate cellar cocktail bar. You know you’ll be experiencing genuine Turkish dishes; the Efendy kitchen team is entirely Turkish, with each member representing a different culinary region

  •  Our Place on Darling

This is a cosy bar/cafe with rustic wooden tables and a courtyard – a perfect place for all seasons. Our Place on Darling serves modern Australian cuisine with a range of events throughout the week. Enjoy live music every Sunday night between 18:00 and 20:00 and if you’re up for a challenge, Our Place also has tech-free Tuesdays where if you make it through dinner without your phone or device, they will give you a free chocolate brownie and ice cream.

Restaurant, Wine, Glasses, Served, Dinner, Celebration
Enjoy contemporary Turkish cuisine in a restored Victorian mansion. If that wasn’t enough, Efendy also has an intimate cellar cocktail bar and restaurants in Balmain. Pixabay

 

  • Rossopomodoro

 

For wood-fired pizzas, classic dishes and a fresh selection of Italian and Australian produce, including antipasti, prosciutti, pizza rosse, pizza bianche, and pizza vegane look no further than Rossopomodoro.

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 Balmain East has changed from a working-family suburb to a thriving busy area. For a relaxing day-trip soaking up the world-famous harbour and sampling local delicacies, this is the perfect destination.