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Posts Tagged ‘ Ibibo group ’

MakeMyTrip Q2 revenue rises 27%, loss triples

Wednesday, October 26, 2016 | More »

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...

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 »


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 »


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 »