<article>Bangladeshi travel-tech platform GoZayaan acquired Pakistani online travel and tourism portal FindMyAdventure, per an announcement.</article>

Bangladeshi travel-tech platform GoZayaan acquired Pakistani online travel and tourism portal FindMyAdventure, per an announcement.
While the deal size has not been disclosed, sources told DealStreetAsia that it was upwards of $3.5 million.
In order to fund the acquisition, GoZayaan raised an undisclosed amount in its expanded seed round backed by Nordstar Partners, DST Global Managing Partner Saurabh Gupta, and PAYBACK Founder Alexander Rittweger earlier in January.
Following the transaction, FindMyAdventure will be rebranded as GoZayaan and will offer online travel and ticketing as well as adventure tourism, said its country managing director Muhammad Komail Abbas.
The company will compete with Bookme, Pakistan’s largest online travel and ticketing platform, which raised $7.5 million in December.
“GoZayaan&#8217;s acquisition of a Pakistani travel-tech platform sets the stage for future deals overseas, signaling an OTA boom in the South Asian market,&#8221; the company said in a statement.
Creating synergies
The main reason for acquiring a Pakistani platform is geographical similarity, internet penetration, and user behavior in terms of travel booking, said experts tracking the sector.
&#8220;Bangladesh has the potential to create not just local, but also regional or global companies. We are going to try exactly that. This unlocks a total addressable market for us which is massive because together, Bangladesh and Pakistan constitute 5% of the world&#8217;s total population.” GoZayaan CEO Ridwan Hafiz said.
Founded in 2017, GoZayaan is an online travel aggregator (OTA) headquartered in Dhaka, with the parent company based in Singapore. Its founder Hafiz who also serves as CEO and co-founder of Bangladesh-based digital marketing agency, Analyzen.
FindMyAdventure, headquartered in Karachi, is an online domestic Pakistani tourism marketplace that specializes in adventure tours. It claims to work with over 150 tour operators in Pakistan.
FindMyAdventure has raised a total of $750K in funding over 2 rounds. Its last raised $600k in a seed round in October 2020. Prior to that, it secured $150k in a pre-seed round in March 2019.

While the deal size has not been disclosed, sources told DealStreetAsia that it was upwards of $3.5 million.

Bangladeshi travel tech firm GoZayaan buys Pakistan’s FindMyAdventure

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

Related Stories

How Pakistan's Inventhub is taking the 'hard' out of hardware designing

IFC proposes $3m investment for PSA International's project in Bangladesh

Bangladeshi travel tech firm GoZayaan buys Pakistan’s FindMyAdventure

Continue reading this premium story with a subscription to DealStreetAsia.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

Related Stories

How Pakistan's Inventhub is taking the 'hard' out of hardware designing

IFC proposes $3m investment for PSA International's project in Bangladesh