NEW DELHI / MUMBAI: Chinese online travel major Ctrip.com International has agreed to invest $180 million (Rs 1,204 crore) in India’s largest online travel company, Nasdaq-listed MakeMyTrip.com, the latest...
Paytm enters bus ticketing business; hotels next
Paytm, the mobile commerce platform and e-commerce entity, has made a foray into the travel segment, launching a bus ticket marketplace. It has tied up with four travel aggregators, to cover a wide range of bus routes...
Jet.com raises $350 million
E-commerce start-up Jet.com has announced a $350-million cash infusion led by Fidelity Investments, providing money to help attract customers during its first holiday shopping season. An additional $150 million...
MakeMyTrip To Acquire Stake In HolidayIQ
Online travel portal MakeMyTrip, is picking up 28% stake in travel community portal, HolidayIQ, for a consideration of about R95 Cr ($15 Mn), valuing the company at around R340 Cr. The deal is expected to be completed...
Thomas Cook Acquires Kuoni’s Travel Business In India & Hong Kong
ravel and tour operator Thomas Cook, has entered into an agreement to buy Kuoni Group’s travel & tour business in India and Hong Kong for R535 Cr ($84 Mn). Post deal, Thomas Cook will take on all of the...
Apollo Tyres buys out Germany’s Reifencom for euro 45.6 million
MUMBAI: Apollo TyresBSE 0.40 % has acquired German tyre distribution firm Reifencom GmbH for 45.6 million euros, or about Rs 324 crore, in a move that will take its brand closer to customers in Europe. “It will...
