- MakeMyTrip And Ibibo Complete Merger To Capture Larger Pie Of India’s Traveltech Market MakeMyTrip has completed the merger of its Indian travel business with Naspers-owned Ibibo group, which was announced last October. Towards this, the Ibibo Group parent has contributed around $82.8 Mn cash to MakeMyTrip. The deal which marked the coming together of two of India’s largest travel booking portals received the approval of Competition Commission of […]
- How MakeMyTrip And Ibibo Group Plan To Become Changemakers In Online Travel Space January 2016. China’s Ctrip.com International Ltd., a leading travel service provider, pours in about $180 Mn in MakeMyTrip (MMYT) through convertible bonds. The idea was clear – MMYT wanted to focus on further strengthening its leading market share in Indian online travel. A month later, in February 2016, South African Internet and media company Naspers […]
- China’s Ctrip.com Invests $180 Mn In MakeMyTrip Online travel company, MakeMyTrip, has announced that China’s Ctrip.com International, Ltd., a leading travel service provider has invested about $180 Mn in MakeMyTrip through convertible bonds. In addition, MakeMyTrip has granted Ctrip permission to acquire MakeMyTrip shares in the open market, so that combined with shares convertible under the convertible bonds, Ctrip may beneficially own […]