Naspers To Infuse $250 Mn In Ibibo Group

Online travel venture Ibibo Group will raise $250 Mn from global internet & media company Naspers, and China’s leading internet firm Tencent.

The investment will be focused will help Ibibo to expand its reach within the Indian hospitality sector, and on additional technology innovations.

Ashish Kashyap, founder & CEO at Ibibo Group, said, “Our objective is to solve problems for the transportation and accommodation providers and to connect them to the travellers.”

Ibibo processed more than 6.5 Mn transactions for the period of October to December (Q3) 2015. It generates more than 2.5x the transaction volumes of its nearest competitor. The group owns integrated online travel properties such as and

In a report by Morgan Stanley, Goibibo was rated as number 1 by hoteliers, across a number of parameters including booking volumes, confirmed bookings, last minute bookings, backend & IT support, as well as insights and market intelligence.

Goibibo hotel bookings surpassed 1.6 Mn room nights during Q3, up 400% Y-O-Y. Mobile contributed to 71% of the bookings in the month of December 2015, up from 42% a year ago.

Welcome to Flash Feed, your essential source for breaking news and innovation from around the web – bite-sized and updated all day.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

Unlock 60% OFF
Cancel Anytime
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Naspers To Infuse $250 Mn In Ibibo Group-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Naspers To Infuse $250 Mn In Ibibo Group-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Naspers To Infuse $250 Mn In Ibibo Group-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Naspers To Infuse $250 Mn In Ibibo Group-Inc42 Media
Naspers To Infuse $250 Mn In Ibibo Group-Inc42 Media
You’re in Good company