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REDBUS MERGER
Nasdaq-listed MakeMyTrip said to hire banks for India offeringOnline travel platform MakeMyTrip is reportedly considering a Mumbai listing by the first quarter of 2027, engaging Axis Capital, Morgan St...- 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...
- MakeMyTrip evaluating potential listing in India, it tells US SECMakeMyTrip is exploring a potential India listing to access domestic capital, strengthen brand leadership, and support long-term growth ami...
- Koo cofounder Mayank Bidawatka raises $4 million for new consumer tech startup Billion HeartsThe round, which was led by early-stage venture capital firm Blume Ventures, saw participation from General Catalyst and Athera Venture Par...
- M&A deals rise as startup funding begins to slowConsolidation is also in play as many of these startups are unable to shore up a war chest to fight bigger and more well-capitalised rivals.
- MakeMyTrip-Ibibo merger: How combined entity continues to struggle with problems old and newThe $1.8-billion largely stock deal saw the then newly merged travel giant grab more than 60% of the overall online travel market in India.
- MakeMyTrip President and Ibibo Group founder Ashish Kashyap resignsIn a filing submitted with the US SEC, the company said Kashyap’s resignation had been accepted, and will come into effect from September 3...
- CCI clears acquisition of Ibibo group by MakeMyTripThe Competition Commission of India (CCI) has approved the deal, as per the latest update on the regulator's website.
- A $60 million Yatra on the cards for shareholdersOnline travel portal files for potential offer for sale of shares with US Securities and Exchange Commission which will benefit some stakeh...
- CCI nod to MakeMyTrip, Ibibo Group mergerThe transaction, involving the largest consolidation deal in India’s internet sector, had resulted in Naspers becoming the biggest sharehol...
- MakeMyTrip, Ibibo to focus on creating new categories, platformsA huge opportunity lies in outbound flights and hotels, Kashyap said, adding that the companies will start working on the integration after...
- 10 things to know about Makemytrip-Ibibo mega dealThe combined entity will bring together top brands in the consumer travel space in India including MakeMyTrip, Goibibo, redBus, Rightstay a...
- 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.
- I am very excited about working with Ibibo team: Deep KalraThis deal is about MakeMyTrip getting a 100% ownership of GoIbibo, a 100% ownership of redBus, a majority ownership of Jubo which is a smal...
- Hotel space in India under-penetrated, MakeMyTrip-Ibibo synergy right step: Deep Kalra"We have a very interesting strategy with multiple brands that can play out. We think we will see a lot of operational efficiencies," Kalra...
- Ibibo Group buys minority stake in cloud-based hotel services DjuboThe company is majority-owned by South Africa-headquartered internet and media group Naspers, which also an investor in Flipkart.
- Online travel pioneers & new niche startups both competing & partnering to offer travellers a range of experiencesWhile travel firms expect further consolidation in the next 12 months, mergers may be branded and managed carefully, say experts.
- Road to riches: Ecommerce firms like Flipkart, Snapdeal say they too can make their low-level workers millionairesOffice boys, warehouse supervisors, clerks, receptionists & other non-managerial employees of some of India’s best ecommerce firms can beco...
- Indian startups' global competitiveness and innovation make them acquisition targetsGrowing proficiency of Indian tech firms in building innovative products is drawing attention from global corporations eager to acquire fre...
- Seven most active technology investors in IndiaGlobal investors have for long spoken admiringly about India’s technical prowess. Now they are putting serious money where their mouth is.
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