Travel and hospitality conglomerate Inter-Globe Enterprises has started a process to divest shares in its technology services unit. InterGlobe has mandated investment banks Avendus and BNP ParibasBSE -0.35 % to advise...
Quess Corp’s arm completes 45% stake buy in Simpliance Tech
Travel services provider Thomas Cook India’s arm Quess Corp Ltd has completed the acquisition of 45 percent stake in Simpliance Technologies. “Quess Corp Ltd…has completed acquisition of 45 percent...
Lyft raises additional $500 mn in funding
Uber rival Lyft is raising an additional $500 million in funding, according to a US share authorisation document filed in Delaware news website Axios said. The additional funding round, led by Alphabet’s CapitalG, is an...
Cox & Kings plans IPO for education tour business
Tour operator Cox & Kings is exploring an initial public offering for its education tour business in Europe and Australia as it believes it will generate better value for the company and its shareholders...
Itilite Technologies raises funds from Matrix Partners, angel investors
Bengaluru-based travel management start-up Itilite Technologies Pvt. Ltd Wednesday said it has raised a seed round from Matrix Partners and some angel investors. The size of the investment was not disclosed. Itilite is...
Ebix acquires Kalaari-backed Via.com for $75 million
US-based software and services company Ebix has acquired online travel portal Via for $75 million as it eyes growing its distribution network in India to cross-sell financial products under its EbixCash brand. The...
Thomas Cook India acquires Tata Capital’s travel firm
Thomas Cook IndiaBSE 0.21 % today said it has completed the acquisition of Tata Capital’s wholly owned subsidiary TC Travel and Services Ltd. “The company has completed on October 30, the 100 percent stake...
MakeMyTrip subsidiary applies for liquidation
MakeMyTrip Travel Services Private Ltd, a 100 percent subsidiary of Indian online travel company MakeMyTrip, has applied for liquidation under the Insolvency and Bankruptcy Code (IBC). Officials in the know told...
Ola to raise $2 billion in fresh funding from Tencent, SoftBank
India’s largest ride-hailing company, Ola, is in talks with SoftBank and Tencent to raise up to $2 billion in fresh funding at a time when global rival Uber is recovering from a management shakeup that saw founder...
Thomas Cook to acquire forex, travel units of Tata Capital
Travel services firm Thomas Cook (India) Ltd on Monday said its board has agreed to acquire two units of Tata Capital Financial Services Ltd. The two subsidiaries are Tata Capital Forex Ltd, which provides services...
Yatra raises Rs100 crore venture debt from InnoVen Capital
InnoVen Capital, backed by Singapore’s Temasek, has provided Rs100 crore ($15.4 million) to Nasdaq-listed online travel company Yatra in India’s largest venture debt transaction yet, a senior executive at the investment...
Thomas Cook partners with Expedia for hotel sales
British tour operator Thomas Cook (TCG.L) said on Thursday it had entered into a strategic alliance with Expedia (EXPE.O) to make the online travel company its preferred provider of hotels for certain holiday sales...
