26 September 2019, India:
Corporate travel management platform Deem has announced its plans to invest $10 Million in India. The company will use the fresh capital to bolster it’s R&D capabilities in the country.
The investment will position Deem’s India centre as an R&D hub for Deem’s product development worldwide.
The company currently has 100 employees in Bengaluru, India, focused primarily on Research & Development (R&D).
The company plans to double its India headcount in the next two years to create a Centre of Excellence (COE) on Quality Assurance (QA) Automation as well as the development of the next generation travel platform by working closely with the Ireland and San Francisco centres.
Neil Markey, SVP Product & Chief Information Officer, Deem Inc, said, “To maintain our position as a front runner in the dynamic space of corporate travel management, India will have a significant role to play, from an R&D as well sales perspective. We will optimize our presence in APAC using India as a strong foothold. Corporate Travel Management in India is at a ripe stage and this is an opportune time for us to develop a strong talent pool that can support our business growth in this geography.”
Ramesh Kalanje, VP & GM, Deem Inc. said, “Deem has nurtured and invested in a highly driven team in India with the technological prowess to disrupt the corporate travel industry. Therefore, India has become a testing ground for Deem to offer solutions that are focused on consumer experience and improving the lives of business travelers, globally. In India, Bengaluru has some of the brightest tech talent and we look forward to driving innovation through our Centre of Excellence to disrupt the corporate travel industry.”
(Image – Deem)
