PDS Legal leads on Thomas Cook acquisition of 24% stake in TravelJunkie

Bar & Bench October 11 2018

Travel services firm Thomas Cook India is acquiring a 24 percent stake in Mumbai-based travel tech start-up 'TravelJunkie Solutions' through its arm TC Tours Ltd.

PDS Legal acted for TravelJunkie with a team led by Director Anirudh Mukherjee, along with Principal Associate Deepti Thakkar and Associate Ankita Jain.

Thomas Cook was advised by its in-house team.

TravelJunkie Solutions has developed Ithaka, a chat-based mobile application, serving individual travelers by recommending authentic local experiences for different destinations and helping plan their trip and book activities, hotels and flights.

Founded by IIT-Bombay graduates Ameya Sahasrabudhe and Rahul Singh in 2015, Ithaka started as a marketplace for travel experiences. It later pivoted to chat-based travel assistance, reported VCCircle.
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