Spyne, a Deep Tech startup helping businesses and marketplaces create high-quality product images and videos at scale with AI, has acquired Travographer. On-demand photography service provider company at an undisclosed amount. As part of this acquisition, the company has also onboarded 20+ of its employees including the founding team.
With this acquisition, Spyne expands its presence in the real estate market. In another development, Spyne has also announced its fresh plans to hire over 100 employees to strengthen its team in the next quarter. The recruitment is focused on talents in technology, marketing, and the sales domain. The developments will help Sypne to augment its growth plans and further scale its operations.
Travographer has renowned brands such as OYO, Belvilla, Makemytrip,Go ibibo, Stanza Living, Zolo Stays, Fab Hotels, Lemon Tree hotels, Club Mahindra, Sterling Holidays, Taj Hotels among others. The Travographer photographers, to date, have captured over 35 million photographs across 100+ countries. The acquisition comes along with Spyne’s broader plans to intensify its business and team in India. Spyne welcomes Co-founder and CEO of Travographer – Kapil Arora as Head of Business and Co-founder and COO of Travographer Deepak Bansal as Head Of Customer Sucess.
Sanjay Kumar, Co-founder and CEO at Spyne, said, “Travographer has been leading in the real estate sector. The team brings years of expertise that will contribute to Spyne’s larger plans to thrive in its business. We wholeheartedly welcome the team to Spyne. By getting Travographer’s team and experience, we are hoping to strengthen our services and increase value for the customers. This acquisition has further strengthened our business commitments. As our next step, we now have plans to launch the AI-App based shoot offerings in the real estate sector. This move expedites our growth plan to launch our specialised tech products across different industries, after Automobiles, Food and Fashion.”
Talking about the hiring plans, Deepti Prasad, Co-founder, Spyne said, “To move forward with our growth plan, we intend to recruit 100+ people in the next one quarter. The new talent will be hired in the AI, Tech, Product, Marketing, and Sales departments. We are currently focused on our global expansion including the US market and hence have been focusing on hiring the right talent for the next phase of growth. We are also setting up a state-of-the-art Computer Vision lab for deeper R&D in space and further intend to expand our technological horizons into the field of AR / VR to build products for Metaverse and Omniverse.”
Speaking on the acquisition, Kapil Arora, Co-founder and CEO at Travographer, said, “Our expertise in the real-estate industry perfectly aligns with Spyne’s vision and product of taking photography at scale using mobile app in this sector. We truly believe that this was the right time to join hands and generate synergies to add real value to the market i.e by reducing TAT by 90% and scaling operations across multiple locations using tech. With this merger, we are 100% sure that there is no other player in the industry at present with this kind of scale and features that the combined entity has today. Such expertise and industry knowledge has not only set us on the growth trajectory but will also help us compete with the new global entrants”.
