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VC-backed travel portal Yatra scraps merger with Ebix, initiates litigation in US Court

TMT

06 June, 2020

VC-backed travel portal Yatra scraps merger with Ebix, initiates litigation in US Court

Nasdaq-listed Yatra Online, Inc. has filed a lawsuit against Ebix Inc. in a US court over breaches of merger agreement ......

Yatra locked in arbitration over deal with Air Travel Bureau

TMT

07 June, 2019

Yatra locked in arbitration over deal with Air Travel Bureau

Nasdaq-listed travel portal Yatra Online, Inc. is locked in an arbitration over a pending transaction with corporate travel services provider ......

MakeMyTrip buys majority stake in Quest2Travel to grow corporate travel biz

TMT

30 April, 2019

MakeMyTrip buys majority stake in Quest2Travel to grow corporate travel biz

MakeMyTrip Ltd said on Tuesday it has acquired a majority stake in Mumbai-based online corporate travel management company Quest 2 ......

Naspers swaps MakeMyTrip stake with China's Ctrip in second India exit

TMT

26 April, 2019

Naspers swaps MakeMyTrip stake with China's Ctrip in second India exit

South African technology group Naspers Ltd is fully exiting MakeMyTrip Ltd, two-and-a-half years after merging its ibibo Group with the ......

Travel portal Yatra to consider Ebix's buyout offer

TMT

15 March, 2019

Travel portal Yatra to consider Ebix's buyout offer

Nasdaq-listed Yatra Online Inc. said it will consider Ebix Inc.'s proposal to acquire the online travel company. In a stock-exchange filing ......

InnoVen Capital offers venture debt to holiday marketplace TravelTriangle

TMT

17 October, 2018

InnoVen Capital offers venture debt to holiday marketplace TravelTriangle

TravelTriangle, an online marketplace for holiday packages, said on Wednesday that it has raised $3 million (around Rs 22 crore ......

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Kalaari, Sequoia settle for sub-par returns from Via.com exit

TMT

22 November, 2017

Kalaari, Sequoia settle for sub-par returns from Via.com exit

Venture capital firms Kalaari Capital and Sequoia Capital have exited online-offline travel agency Via.com, one of their earliest bets, with ......

MakeMyTrip Q2 net revenue surges on ibibo buy, losses expand

TMT

01 November, 2017

MakeMyTrip Q2 net revenue surges on ibibo buy, losses expand

Nasdaq-listed MakeMyTrip Ltd, India’s largest online travel services provider, said on Wednesday net revenue for the quarter through September more ......

Cleartrip hires former TCS executive Indroneel Dutt as CFO

TMT

07 July, 2017

Cleartrip hires former TCS executive Indroneel Dutt as CFO

Mumbai-based Cleartrip Pvt. Ltd, an online aggregator of hotels, flights and train bookings, has appointed former TCS executive Indroneel Dutt ......

MakeMyTrip Q4 net revenue jumps 65% after ibibo merger

TMT

20 May, 2017

MakeMyTrip Q4 net revenue jumps 65% after ibibo merger

MakeMyTrip Ltd, India’s largest online travel services firm, reported a 64.5% surge in net revenue for the quarter through March ......