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...
Online travel firm Despegar aims to raise $100 million in IPO
Latin American online travel provider Despegar.com Corp on Tuesday filed to raise up to $100 million in an initial public offering on the New York Stock Exchange. The company, which applied to be listed under the symbol...
SoftBank’s Uber deal may put rival Ola in an awkward spot
A proposed investment by SoftBank Group Corp. in cab-hailing service Uber Technologies Inc. may put rival Ola (ANI Technologies Ltd) in an awkward spot as its largest shareholder and only strategic investor would then...
EU approves Priceline’s acquisition of Momondo
EU antitrust regulators approved on Monday U.S. online travel company Priceline’s planned acquisition of Momondo Group without conditions. The European Commission said it had concluded that the two...
Uber backers said to discuss stock sale to SoftBank, others
Uber Technologies Inc. shareholders and its board, led by early backer Benchmark, have discussed selling some of their shares to SoftBank Group Corp. and other potential investors, people familiar with the matter said...
Uber hands over Russia biz to Yandex with $3.7-bn merger
The San Francisco-based company and Yandex NV are merging their ride-hailing businesses in Russia. Uber will invest $225 million and take a 36.6 percent stake in a new, yet-to-be-named venture that will be valued at $3...
V Resorts raises $4 million from Seedfund, RB International
Resort management company V Resorts on Monday said it has raised $ 4 million in a fresh round of funding from venture funds Seedfund and RB International. “V Resorts has recently raised $ 4 million in its third round of...
Mahindra Holidays plans US acquisition
Vacation ownership company Mahindra Holidays and Resorts is assessing acquisition targets at Orlando and Las Vegas in the US in its effort to make its portfolio more attractive to outbound Indian holiday makers...
