Home > Archive by tag 'Ibibo group'

Posts Tagged ‘ Ibibo group ’

Competition Commission of India clears MakeMyTrip-ibibo merger

Friday, January 20, 2017 | More »

MAKEMYTRIP-FE
The proposed merger of online travel agencies MakeMyTrip Ltd and ibibo Group has inched closer to completion with the Competition Commission of India approving the transaction. MakeMyTrip received a letter from the anti-trust watchdog clearing the merger on Friday, the NASDAQ-listed company said in ...

For-Wudstay-Story-TC_ThinkstockPhotos-509042004

Exclusive: OYO rival Wudstay shuts budget hotel aggregation business

Wudstay Travels Pvt Ltd – which started off as a rival to OYO Rooms – has exited the budget hotel aggregation space, a source close to the development told Techcircle. The company now operates in the PG and hostel segment that it started this year. Wudstay is yet to confirm the development, but ...

13 December, 2016 | More »

ThinkstockPhotos-164176162

MakeMyTrip Q2 revenue rises 27%, loss triples

MakeMyTrip Ltd, India’s largest online travel services firm, on Wednesday reported a 27% rise in revenue for the second quarter thanks to strong growth in both air ticketing and hotel booking businesses. The NASDAQ-listed company said revenue for the quarter through September increased to $83.1 mi...

26 October, 2016 | More »

MakeMyTrip-ibibo merger

MakeMyTrip-ibibo merger: What it means for hotel aggregators

The merger between MakeMyTrip and Naspers-owned ibibo Group could benefit hotel aggregators in India in more ways than one. To begin with, it will reduce cash burn and discounting, founders of several hotel aggregation platforms told TechCircle. On Tuesday, NASDAQ-listed and India’s oldest onl...

20 October, 2016 | More »

IBIBO-MMT

Online travel portals MakeMyTrip and ibibo to merge

In the biggest consolidation move in the online travel agency (OTA) space in India, NASDAQ-listed MakeMyTrip Ltd has agreed to buy ibibo Group, which is co-owned by South African technology group Naspers Ltd and Chinese investment firm Tencent, in a stock deal. Naspers and Tencent, which own 91% and...

18 October, 2016 | More »

For-Ibibo-Story_ThinkstockPhotos-4784547362

Goibibo launches live tracking service for domestic, international flights

Online travel agency Goibibo.com, which is a part of South African digital media firm Naspers, has introduced the feature of live flight tracking for 1,824 daily flight schedules, including both domestic and international flights. “Flight tracking and status information is first of its kind. This ...

12 October, 2016 | More »