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...
MakeMyTrip partners with Flipkart for travel bookings
Online travel portal MakeMyTrip Ltd has formed a partnership with Flipkart to allow customers to book domestic flight tickets and other travel services directly through the e-commerce firm’s portal. The partnership will...
Cox & Kings sells additional 3% stake in UK subsidiary
Holidays, education and travel group Cox & Kings Ltd has announced on Friday that its 100% subsidiary Prometheon Enterprises Ltd (PEL) has sold an additional stake of 3 % in Prometheon Holdings (UK) Limited (PHUK)...
Stake sale to aid Cox & Kings, but earnings quality still a concern
For a company facing working capital pressure and a consequent rise in borrowings and finance costs, fund infusion should ideally bring relief. But that was not how it played out at Cox & Kings Ltd last week. The...
Cox & Kings sells 11.58% stake in education and hotels arm for Rs 4.5 bn
Cox & Kings sold 11.58 percent stake in its education tours and hybrid-hotel business in Europe to global fund SSG Capital Management for Rs 4.5 billion. The tour operator will use the entire proceeds to retire the...
MakeMyTrip, Yatra and Go ibibo to partner with Oyo to boost their business
Collaboration brings bigger gains than competition, and the leading players in the domestic online travel space seem to have understood this. When in October 2015, MakeMyTrip, Goibibo and Yatra jointly decided to de...
