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Singapore-based travel search engine From Wikipedia, the free encyclopedia
Wego is a travel app for flight search and booking in the MENA (Middle East and North Africa).[4]
| |
| Company type | Private |
|---|---|
| Industry | Travel |
| Founded | 2005 in Singapore |
| Headquarters | Singapore and Dubai |
Area served | Worldwide |
Key people | Ross Veitch[1] (CEO & Co-founder) Craig Hewett (Co-founder) Mamoun Hmedan[2] (GM MENA & India) Dean Wicks[3] (Chief Flights Officer) |
| Products | Flights, Hotels, Holiday Deals |
Number of employees | 200 |
| Website | www |
Formerly known as Bezurk,[5][6][7] Wego is a travel metasearch engine that was founded in Singapore in 2005. The company is headquartered in both Singapore and Dubai. It operates 76 country sites (CcTLD) in over 22 languages and local currencies.[8] Wego enables users to compare hotel and flight deals, generating search results tailored to their specific travel needs.
Wego displays a comprehensive list of local and international airfares and hotel search results from a variety of sources, including online travel agencies (OTA), airlines, and hotels. Users can access these results through either the desktop website or the travel app for iOS and Android. After selecting a deal, the user is redirected to the travel supplier to complete the booking.
Founding and Rebranding
Wego, originally known as Bezurk, was established in Singapore in 2005 by Ross Veitch[9] and Craig Hewett. The company underwent a rebranding in May 2008 due to the original name being considered “hard to remember and spell.”[10]
Funding Rounds
Wego’s first funding round, Series A, took place in January 2008, where it received US$4.5 million from News Digital Media, the digital division of News Limited. This was followed by a Series B funding round in December 2010, where the company secured US$13 million from Tiger Global Management. In June 2013, Wego closed its Series C[11] funding round with an investment of US$17 million from Tiger Global Management, Crescent Point Group, and SquarePeg Capital. The company continued to attract investments with a Series D round in October 2015 that raised US$11 million from existing investors Tiger Global Management and Crescent Point Group. The most recent funding round, Series E,[12] occurred in August 2017 and raised US$12 million from the Middle East Broadcasting Center.
Expansion and Growth
In 2013, Wego expanded its operations by launching regional offices in Bangalore,[13] Jakarta, and Dubai.[14] The company’s initial penetration into the Middle Eastern market in 2012 proved successful as its revenue soared to US$1 billion worth of gross travel bookings across its entire business by 2018.[15] In February 2023, Wego earned the distinction of being the most downloaded travel app for flight-focused brands in the MENA region. This achievement was marked by a year-over-year growth of over 157.7% and 143,002 downloads.[16]
Recognition
In 2019, Wego received recognition from the World Economic Forum and the Bahrain Economic Development Board as one of the 100 most promising Arab start-ups shaping the Fourth Industrial Revolution.[17]
Product Launches and Acquisitions
In 2021, Wego launched ShopCash, an online shopping cashback rewards and deal discovery app for the MENA Market.[18] In a strategic move to expand its reach into business travel and expense management, Wego acquired Travelstop, a platform that simplifies business travel and expense management for companies globally, in October 2023.[19]
Wego's core markets are in the MENA and INSUB. Wego has been identified as the top travel app in the MENA region for flight search and booking. In 2022, Wego holds the number 1 rank in travel bookings in the KSA.[20] Wego partners up with various smartphone manufacturers (Samsung being a prime example) to have their app come preinstalled.[21] Wego also inked a partnership with Huawei’s Petal Search, an easy-to-use application and search engine pre-installed on Huawei smartphones.[22]
Each month Wego sends flight and hotel booking referrals worth US$2B to its travel partners. In addition to partnerships with hotels, airlines and OTAs, Wego continuously collaborates with tourism boards of various countries, such as Great Britain,[23] Japan,[24] Czech Republic,[25] Thailand,[26] Singapore,[27] South Korea,[28] Jordan,[29] Macao[30] and many others, to increase travel demands to and from said countries.[31]
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