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GOIBIBO ACQUISITION
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...
- Prosus buys additional stake in Ixigo; Peak XV, Elevation sell sharesDutch investment firm Prosus has significantly increased its stake in Ixigo's parent company, Le Travenues Technology, by acquiring an addi...
- 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...
- ETtech Explainer: CCI draws red line for tech firms with fines on Google, booking sitesThe two decisions, announced in a span of two days, have come in the run-up to the CCI setting up a dedicated Digital Markets and Data Unit...
- 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.
- TripMoney acquires majority stake in BookMyForex“With this investment, BookMyForex’s suite of services, including currency exchange that offers real-time exchange rate, multi-currency pre...
- TripMoney, MakeMyTrip’s fintech arm, buys majority stake in foreign exchange services provider, BookMyForexThe company said private equity firm Faering Capital as well as founders and promoters - Nitin Motwani and Sudarshan Motwani will continue ...
- Flipkart likely to bag Cleartrip for $40 million in distress saleTalks of a potential Flipkart-Cleartrip deal come at a time when the Walmart-owned e-commerce firm is making strategic investments across s...
- 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.
- 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...
- Naspers' PayU may invest in lending startup ZestMoneyThe ZestMoney platform enables instant account opening and real-time credit approval, combined with digital loan servicing and repayments t...
- 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.
- 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...
- ibiboGroup acquires majority stake in BusportalAfter starting its operations in Malaysia and Singapore, ibiboGroup drives redBus's expansion to Latin America in style
- Room for funding shrinks for OYO as investors keep door ajarOne of the most watched startups of 2015, OYO's difficulties in fund-raising comes at a time when travel portals MakeMyTrip and Goibibo pla...
- ibibo picks minority stake in hotel solution firm DjuboPost the share acquisition, ibibo Group Chief Executive Ashish Kashyap will join Djubo's board, the company said in a statement today.
- Expedia hopes to double Indian business over five years: Vikram Malhi, Asia MDVikram Malhi said the company is exploring tie-ups with hail-a-taxi companies such as Uber and Ola to provide lastmile connectivity.
- ibiboGroup acquires bus tracking platform YourBus.in for undisclosed sumibiboGroup has acquired online bus tracking and analytics platform, YourBus.in, for an undisclosed sum.
- MIH Group acquires 51% stake in Tek TravelsAnkush Nijhawan, CEO of Travel Boutique Online, confirmed the acquisition but declined to comment on the financial details of the transacti...
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