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...
Online travel portals MakeMyTrip and ibibo announce merger
NEW DELHI / BENGALURU: MakeMyTrip and Ibibo have agreed to merge in a stock transaction, representing the coming together of India’s largest travel booking portals and presaging what many believe is an impending...
FCM Travel Solutions acquires Travel Tours Group
FCM Travel Solutions, the Indian arm of Australia-headquartered Flight Centre Travel Group, has acquired Travel Tours Group (TTG). The company said it was a cash and stock deal but did not disclose any financial details...
Mahindra Holidays to acquire 12% stake in Nreach
Mahindra Holidays & Resorts India (MHRIL) on Saturday said it has inked a pact to acquire 12 per cent stake in Nreach Online Services. The company, however, did not disclose any financial detail of the stake...
Thomas Cook India to buy 24% stake in Sita World Travel Lanka
NEW DELHI: Travel services provider Thomas Cook IndiaBSE -1.14 %’s Lanka arm has entered into a pact to acquire 24 per cent stake in Sita World Travel Lanka Pvt Ltd for an undisclosed amount. “Thomas Cook...
Ola’s non-compete pact with Didi tested in Uber China deal
Bengaluru/New Delhi: The sale of Uber’s China unit to local rival Didi Chuxing may violate the shareholder agreement the Chinese company signed with Ola, India’s largest cab-hailing service, according to official...
