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Omio

Omio

Omio, formerly GoEuro.com, is a travel metasearch engine which allows users to compare the price and journey time of air, rail and bus travel options in a single search. It is operated by the GoEuro Corporation of New York City, USA.

History

Founded in 2013, by Harvard University graduate Naren Shaam, the objective was to be able to search trains, buses, flights and auto in one search. He was inspired to do this when he went on a backpacking trip to Europe, where he faces difficulties when planning his trip due to the lack of an aggregated search engine for transportation options across Europe.



By Summer 2013 a beta version went live in Germany, by January 2014 they had expanded to the United Kingdom and Spain. In mid January the company announced a multi-million round of funding by Lakestar. The company is headquartered in Berlin, Germany.

Funding

The start-up launched in May 2013 after announcing $4m in seed funding from Hasso Plattner Ventures and Battery Ventures. On December 9, 2015, Omio announced its $45m in Series B funding led by Goldman Sachs. This funding will be used to expand its presence in Europe beyond its 11 European countries, to improve the product and further grow the team. With a Series D amassing $150 million in October 2018, Omio has managed to collect $296 million in total funding.

Founder

Naren Shaam, born in India and educated in the US, worked as a Global Product Manager managing multimillion-dollar business projects in auto industry before getting his MBA degree at Harvard University. After his Harvard education, he worked in financial services in NY. In April 2012, he moved to Berlin to found the company.



Product

Omio’s search engine allows users to book the transportation method that is most suitable for them to reach their destinations. These transportation methods include buses, trains, and flights. The platform is available both on web and mobile applications. Omio primarily serves the European travel market, providing transportation options within and between countries in the region through their transportation partners. As of August 2019, the company provides transportation options through their 800 partners operating in 15 countries. The company is also planning to expand globally (techcrunch). Omio also provides an accommodation booking service in collaboration with Booking.com.

Timeline

October 31, 2019

Omio acquires multimodal travel veteran Rome2rio. 

October 2018

Omio raises a $150,000,000 series D round from Temasek Holdings, Hillhouse Capital Group and Kinnevik AB.

Funding rounds

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News

Title
Author
Date
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Description
Natasha Lomas
January 14, 2020
TechCrunch
Travel aggregator Omio, which operates a multimodal transport planning and booking platform for intercity and long distance tips, has hopped over the pond to launch in North America -- its first market outside its home base of Europe. From today, consumers in the U.S. and Canada can use Omio's website or app to compare prices, [...]
Natasha Lomas
October 31, 2019
TechCrunch
Omio (née GoEuro) has acquired multimodal travel veteran Rome2rio as it works on building out a global travel aggregator business, having taken the decision to zoom out from its home market of Europe earlier this year. Financial details of the transaction are not being disclosed. But Omio raised a $150 million funding round a year [...]
Romain Dillet
October 23, 2018
TechCrunch
Berlin-based startup GoEuro just raised a new $150 million funding round from Kinnevik and Temasek, with Hillhouse Capital also participating. According to Crunchbase, the company has raised nearly $300 million to date. Chances are you've used some sort of flight aggregator before to compare prices and find the best deal. But if you live in [...]

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