Evaly, the leading local online commerce company with operations in ecommerce and food delivery, has acquired online travel agency Flight Expert, per Financial Express. The companies did not disclose the details of the deal. However, FE suggests naming unnamed sources that Flight Expert was valued at over $5 million at the time of transaction.
With the acquisition, Evaly enters the fast-growing online travel vertical. Online travel has seen meaningful growth in Dhaka over the past few years. Players like ShareTrip, Flight Expert, and Go Zayaan have helped push the envelope and grow the vertical. An increasingly tech-savvy consumer base has also helped.
However, the coronavirus pandemic has battered the travel industry. As international and domestic travel either remain suspended or significantly limited, the majority of travel companies have been facing an uphill battle navigating the crisis.
Launched in 2017, Flight Expert is one of the largest online travel…