Tour operator Cox & Kings has announced its plans to start a non-banking finance company (NBFC) to finance holiday travel and students studying abroad. The company board on Tuesday approved the demerger of its...
MakeMyTrip raises $330 million from Ctrip.com, Naspers, others
Online travel company MakeMyTrip Ltd has raised $330 million in fresh funds from existing investors Ctrip.com International Ltd and Naspers Ltd and a clutch of undisclosed investors in a move that will help it counter...
Mahindra Holidays buys 3.22% in HCR for 2.16 million euros
Mahindra Holidays & Resorts India Ltd (MHRIL) has acquired an additional 3.22 percent stake in Finland-based Holiday Club Resorts Oy (HCR) for 2.16 million euros (over Rs 14.5 crore). The Mahindra group company...
TA Associates, Fairfax top two contenders for stake in travel firm Interglobe Technology Quotient
Boston-headquartered private equity firm TA Associates and Prem Watsa’s Fairfax Holdings have emerged as the top two contenders to buy an estimated $200 million stake in billionaire Rahul Bhatia-controlled...
TUI sells Travelopia to KKR in $407 million deal
Travel group TUI (TUIT.L) said it had agreed to sell its specialist holiday arm Travelopia to KKR (KKR.N) at an enterprise value of 325 million pounds ($407 million). TUI had put Travelopia, comprised of over 50 brands...
TravelTriangle raises $10 million in Series B round
Holiday Triangle Travel Pvt. Ltd, which operates TravelTriangle.com, on Monday said it has raised $10 million in a series B round of funding led by RB Investments, a Singapore-based venture capital firm. Existing...
Brazilian travel agency CVC buys smaller rival for $13 million
Brazilian travel agency CVC Brasil Operadora e Agencia de Viagens SA (CVCB3.SA) will buy smaller rival Experimento for 41 million reais ($13 million), the company said in a securities filing on Thursday. CVC’s...
Zoomcar raises funds from Chinese VC firm Cyber Carrier
Self-drive car rental start-up Zoomcar has raised an undisclosed amount from Chinese venture capital firm Cyber Carrier CL as an extension of its Series B round, the company said in a statement on Tuesday. The company...
Ride-hailing firm Uber partners Indonesian taxi operator Express
Uber Technologies [UBER.UL] and Indonesia’s second-biggest taxi operator PT Express Transindo Utama Tbk announced on Monday a partnership on ride-sharing and vehicle financing. The deal will give Uber, which...
Onex acquires Parkdean Resorts for £1.35 billion
Private equity firm Onex Corp (ONEX.TO) said on Friday it has agreed to acquire caravan holiday parks operator Parkdean Resorts for £1.35 billion (C$2.25 billion). Parkdean Resorts, headquartered in Hemel Hempstead and...
MakeMyTrip to issue shares worth $960 million for ibibo Group acquisition
BENGALURU: India’s largest online travel agency MakeMyTrip will issue shares, worth nearly $960 million for the acquisition of rival portal ibibo Group, according to recent filings made by the Nasdaq-listed firm, on the...
China’s Ctrip.com to buy Skyscanner in $1.74 billion deal
Ctrip.com International Ltd (CTRP.O), China’s biggest online travel company, said on Wednesday it agreed to buy travel search website Skyscanner Holdings Ltd in a deal valuing the Scotland-based company at about 1...
