Hong Kong-based Fosun Tourism is in talks to buy Thomas Cook’s tour operating business, Sky News reported on Saturday, as the British group faces breakup after issuing three profit warnings in the past year. Thomas...
OYO to buy Amsterdam-based vacation rental company @Leisure for Rs 2,880 cr
In one of the biggest acquisition of a foreign firm done by an Indian unicorn, Oyo is set to acquire Amsterdam-based vacation rental company @Leisure Group from Axel Springer at a little over Euro 369.5 million, or over...
MakeMyTrip acquires majority stake in corporate travel firm Quest2Travel
Online travel firm MakeMyTrip Tuesday said it has acquired a majority stake in Mumbai-based corporate travel management firm Quest2Travel.com for an undisclosed amount. Quest2Travel.com serves some of India’s well...
Uber buys rival Careem in $3.1 bn deal to dominate ride-hailing in West Asia
Global ride-hailing firm Uber Technologies Inc will spend $3.1 billion to acquire West Asia rival Careem, buying dominance in a competitive region ahead of a hotly anticipated initial public offering. Uber said late...
Ebix begins due diligence on Yatra, hopes to close acquisition by May
Nasdaq-listed Ebix Inc., a supplier of on-demand software and e-commerce services, said Tuesday it has made progress in its offer to acquire online travel portal Yatra Online Inc. and has commenced its due diligence...
Pickyourtrail raises funds from GoFrugal’s Kumar Vembu, others
Travel portal Pickyourtrail has raised $3 million in a Series A funding round, the company said on Monday. Participants in the funding round included Kumar Vembu, co-founder, GoFrugal, Shyam Sekhar, founder of iThought...
Thomas Cook might sell airline to raise cash, shares climb
Thomas Cook said it was willing to sell its profitable airline business to raise cash to fund its fight back from losses racked up in 2018 and to cope with a tough year ahead, sending the travel group’s shares 12...
Thomas Cook India to acquire 24% stake in TravelJunkie Solutions
Travel services firm Thomas Cook India NSE -3.96 % Friday said its board has given nod for the acquisition of a 24 per cent stake in Mumbai-based travel tech start-up ‘TravelJunkie Solutions’ by its arm TC...
Uber in talks with Dubai’s Careem to merge services in West Asia: Report
Uber Technologies is in preliminary talks with rival Careem to combine their Middle Eastern ride-hailing services, Bloomberg reported on Tuesday, citing three people familiar with the matter. The companies have...
Cleartrip spreads its wings, acquires Flyin
Online travel agency Cleartrip Pvt. Ltd has acquired Saudi Arabian travel start-up Flyin for an undisclosed amount, according to a company statement on Thursday. People close to the development pegged the size of the...
MakeMyTrip’s rights issue values company at Rs 26,000 crore
MakeMyTrip’s Nasdaq-listed parent has injected additional funds in the tour and travels portal and aggregator through a rights issue, valuing the Indian operating company at around Rs 26,000 crore. The parent company...
TravelTriangle raises Rs78 crore in a round led by Fundamentum
Holiday Triangle Travel Pvt. Ltd, which operates TravelTriangle.com, on Tuesday said it has raised Rs78 crore ($12 million) in a series C round of funding led by Fundamentum, the mid-stage venture capital (VC) fund...
