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CHINESE INVESTORS IN MAKEMYTRIP
MakeMyTrip eyes domestic listing after restructuring India businessThe Nasdaq-listed online travel major has completed an internal restructuring, consolidating its key brands operating in India under a sing...- Prosus buys 10% of Ixigo parent for Rs 1,296 crore; in talks to acquire additional stake from early investorsIxigo's parent company, Le Travenues Technology, is selling a 10% stake to Prosus for Rs 1,295 crore. The deal involves selling over 4.62 c...
- MakeMyTrip’s record raise, Zuck’s AI talent grabMakeMyTrip has raised $3.1 billion in the largest fundraise by a listed Indian internet company. This and more in today’s ETtech Top 5.
- MakeMyTrip raises $3.1 billion to cut Chinese firm Trip’s holdingWith this, Trip.com’s stake in MakeMyTrip has fallen to 19.99% from 45.34%, with two directors, down from five. This comes a month after Ma...
- MakeMyTrip plans $3 billion buyback; China’s Trip.com stake to drop below 20%MakeMyTrip intends to raise $3 billion through debt and equity to repurchase shares from Group, reducing their stake from 45.34% to 19.99%....
- From Paytm to MakeMyTrip: How Indian startups are unwinding Chinese ownershipIndia’s largest online travel platform plans to raise $3 billion through a mix of debt and equity to buy back shares from Trip.com Group. O...
- EaseMyTrip Founder Nishant Pitti firmly reiterates national security claim against MakeMyTripEaseMyTrip's co-founder, Nishant Pitti, has doubled down on his claims that MakeMyTrip has ties to China, posing a security risk for Indian...
- HC asks a petitioner to give its representation to Centre for ensuring that travel cos keep consumers data confidentialA Bench of Justice Manmohan and Justice Manmeet Pritam Singh Arora while rejecting the Ashwini Kumar Upadhyay’s plea gave liberty to him to...
- Naspers exits MakeMyTrip, leaves Ctrip largest stakeholder in portalChinese co will hold 49% in Indian travel operator; Naspers to get 5.6% in Ctrip after share swap.
- Tiger Global's big Flipkart bet is finally paying offTiger Global — once the largest backer of Indian startups — has not made any new investments in India since the end of 2015. That is now se...
- Ward Ferry may check into Treebo with $20 millionWard Ferry also holds stakes in listed Chinese budget hotel chain Huazhu Hotels Group and India's largest online travel agent MakeMyTrip.
- Goomo gets $50 million package from emerging IndiaMauritius-based PE fund picks up a majority stake in travel tech startup.
- MakeMyTrip set to raise $330 million in the biggest round of fundingThe Gurgaon-headquartered company will also issue 916,666 ordinary shares to Chinese travel operator Ctrip.com International at a price of ...
- Chinese conglomerate Fosun International to make its first investment in India in IxigoThis would be the first venture transaction by Fosun International in India after setting shop in the country almost a year ago
- Boycott China? Dragon now angel for Indian startupsChinese cos and funds have become big investors in Indian startups .Cheetah Mobile, which owns products like Clean Master, invested in fitn...
- Online travel portals MakeMyTrip and ibibo announce mergerThe combination will bring together a bouquet of leading consumer travel brands like MakeMyTrip, goibibo, redBus, Ryde and Rightstay.
- Moving beyond low-margin plane tickets, online travel firms seeking to dominate hotel bookingsNaspers has been pumping money into the online travel company for nearly a decade, not bothering to broadcast it.
- India is new battlefield for Chinese and American investorsExpanding partnerships with original equipment makers in India, investing in local companies and striking content partnership deals here ar...
- MakeMyTrip plans to become makemyroomThis could mean tough competition for its rivals including Naspers-backed B2C travel aggregator Goibibo and budget-hotels marketplace Oyo R...
- Venture funds pour in money in online travel companiesVenture capitals to tap the market for customised online travel space as demand for tailor made tour packages on a rise in the domestic mar...
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