Makemytrip and Ibibo agree to merge

Q.  Which two largest travel portals in India have merged together?
- Published on 20 Oct 16

a. Yatra, Makemytrip
b. Makemytrip, Ibibo
c. Airbnb, Yatra
d. None of the above

ANSWER: Makemytrip, Ibibo
 
Makemytrip and Ibibo agree to mergeIndia’s two largest travel booking portals Ibibo and MakeMyTrip have agreed to merge together in an impending consolidation in the consumer internal sector
  • The transaction is estimated at USD 1.8-2 billion
  • Another indication of the valuation came from a statement by Makemytrip which pegged the stake owned by Ctrip at 10 percent
  • This is a step forward for the rapidly growing travel industry in India
  • The acquisition comes after Yatra was acquired by SPV acquisition firm Terrapin Acquisition Corp in a reverse merger deal
  • NAspers invested USD 250 million in Ibibo Group recently
  • The focus is on moving people from offline to online booking as travel penetration for online websites remains low at 15 percent for the accommodation industry and 18 percent for the organised bus industry

Related Content

➨ Post your comment / Share knowledge


Enter the code shown above:

(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)
▲