Currently, it is also subject to customary closing conditions, including the requisite regulatory approvals. MakeMyTrip (India) Pvt., Ltd. operates as an online travel company in India. In September 2018, during a three-day summit in New Delhi, Naspers CEO Bob van Dijk said that the company will continue to invest in Indian startups operating in the food delivery, classifieds, and fintech segments in India. Jeep Compass facelift previewed ahead of Chinese debut. After selling Flipkart stakes to Walmart, South African Internet conglomerate Naspers has now sold its stake in online travel company MakeMyTrip (MMT) to Chinese travel agency Ctrip. 2015 - July: In July 2015, MakeMyTrip invested in the travel information and hotel review portal HolidayIQ and picked up approximately 30% stake in the company. The platform is also a part of India’s leading online travel company MakeMyTrip Limited. Chinese investors have developed an affinity for India’s online travel agencies (OTA). Exclusive industry analysis, provocative insights, & deep dives for Inc42 Plus Members. Post merger, MakeMyTrip shareholders own a 60% stake and Ibibo Group shareholders get a 40% stake. Ctrip buying into MakeMyTrip is the latest among Chinese firms nibbling at India’s new-age firms. HolidayIQ.com is an online travel community and information portal powered by user-generated content. The article also covers top Makemytrip competitors and includes Makemytrip target market, segmentation, positioning & Unique Selling Proposition (USP). Cleartrip is a global online travel company, headquartered in Mumbai and Dubai. The fleet of China Southern Airlines consists of 3 Airbus A300-600, 41 Airbus A319-100, 66 Airbus A320-200, 57 Airbus A321-200, 11 Airbus A330-200, 8 Airbus A330-300, 5 ATR 72-500, 25 Boeing 737-300, 31 Boeing 737-700, 50 Boeing 737-800, 17 Boeing 757-200, 4 Boeing 777-200, 6 Boeing 777-200ER, 6 Embraer ERJ-145, and 10 McDonnell Douglas MD-90 aircrafts.Check Out China Southern Airlines … Ibibo Group is an online travel organisation founded in January 2007 by Ashish Kashyap. Along with the share exchange, Ctrip will invest certain ordinary shares and class B shares of MakeMyTrip in a third-party investment entity. Discover and book amazing travel experiences with MakeMyTrip! Skyscanner is a metasearch engine and travel agency based in Edinburgh, Scotland and owned by Trip.com Group, the largest online travel agency in China. This development comes at a time when the Nasdaq-listed company. SWOT analysis of Makemytrip analyses the brand/company with its strengths, weaknesses, opportunities & threats. Find fun activities & popular tourist attractions to visit on MakeMyTrip. ", "MakeMyTrip, Hyderabad Metro launch QR-code based e-tickets for easy mobility", "MakeMyTrip deploys AI to make bookings easier", "MakeMyTrip Ties Up with Visa- About MakeMyTrip", "Lowest price guarantee on Bus ticket-booking on MakeMyTrip.com", "Jet Airways, Makemytrip sweep inaugural Times Travel Honours", "Retailers eye tier II & tier III cities in 2013", "Celebrating Excellence in Asia's Low Cost Aviation and Travel Industry", "Social Media & Mobile in Travel Asia 201327-28th November 2013, Langham, Hong Kong", "MakeMyTrip.com awarded the best Travel & Tourism company in India", "Lonely Planet Magazine India launches first-ever Travel Awards on 3rd May", Booking flights, hotels, holidays, buses, trains and cars, Le Travenues Technology Private Limited which owns Ixigo.com, Best Service Provider Company (tour operators category), Most Preferred Travel and Holiday Website, IMINT Shoppers and Consumer Insights Awards, Travel Distribution World Asia Awards (Budgie & Travel Awards), Porter Prize (named after Michael E Porter), Best Mobile Strategy and Best Mobile Solution, Outlook Traveller Reader's Choice Travel Awards. toggle menu Search. Trip.com is an international online travel agency. [22], MakeMyTrip offers flight tickets, villas and apartments, rail and bus tickets, cab service, and hotel booking services on its portal. This development comes at a time when the Nasdaq-listed company recorded total revenue of $124.8 Mn for the third quarter of the FY2018-19. India’s MakeMyTrip makes the newly traded Chinese tech stocks look bad. Headquartered in Bengaluru, India, it connects bus travellers with a network of over 2500 bus operators, across India, countries in South East Asia and Latin America. 2005 - September: MakeMyTrip started Indian operations in September 2005, offering online flight tickets to Indian travellers. Decoding The Revenue Models In Indian Mobile Gaming Market. Cox & Kings Ltd., set up in 1758, is one of the longest established travel companies. India has been a big part of Naspers’ strategy. Former Google Chief Calls For Indo-US Alliance On AI To Solve Geopolitical Stand... India May Soon Get Digital Voter IDs To Ease Accessibility Of Electoral Services... Clovia Looks To Expand Into New Categories With Funding From Golden Bi... After Criticism Of Foreign Investors, Sanjeev Bikhchandani’s Info Edge... Can Indian Farmers Afford Satellite Data, IoT Devices Needed For Preci... Will DeHaat’s Full-Stack Model Overcome The Challenge Of Low Margins I... Inc42 Shots | Indian Govt To Launch Massive Wi-Fi Networks, Inc42 Shots | OYO Lays Off Close To 300 Employees. MakeMyTrip has offices in New York, Singapore, Kuala Lumpur, Phuket, Bangkok, and Dubai. MakeMyTrip-Ibibo merger reflects growing Chinese influence in India's online space MakeMyTrip, on Tuesday, reached an agreement to buy rival Ibibo Group By Harichandan Arakali, Forbes India Staff Momondo also operates a travel information blog, Inspiration. MakeMyTrip is an Indian online travel company founded in 2000. Chinese investors have developed an affinity for India’s online travel agencies. 2016 - January: In January 2016, the Chinese travel booking company. Headquartered in India and the UK, the holiday and education travel group has subsidiaries in the United States, Canada, the United Kingdom, Netherlands, the United Arab Emirates, Japan, Singapore, Australia and New Zealand. MUMBAI: MakeMyTrip on Wednesday said it has partnered with Meru to provide services of sanitised cabs at all major airports. Airtel Vs Jio: Is Airtel Getting Its Digital Strategy Right, Finally? As part of the founding team that built MakeMyTrip from the ground up, Rajesh is a believer of India’s digital opportunity and a backer of many young Indian tech companies that are raring to make their mark. Ctrip.com International, Ltd. is a Chinese provider of travel services including accommodation reservation, transportation ticketing, packaged tours and corporate travel management. MakeMyTrip was founded by Deep Kalra, Keyur Joshi and Rajesh Magow in 2000. It has 12.4 million unique visitors and 91 million page views, making it the third most popular website owned by Expedia Group, after Expedia.com and Hotels.com. This could set the alarm bells ringing elsewhere. redBus is a subsidiary of Ibibo Group. Priceline.com is headquartered in Norwalk, Connecticut, United States and is wholly owned by Booking Holdings, which also owns Kayak.com, Booking.com and other sites. Booking Holdings Inc. is an American company organized in Delaware and based in Norwalk, Connecticut, that owns and operates several travel fare aggregators and travel fare metasearch engines including namesake and flagship Booking.com, Priceline.com, Agoda.com, Kayak.com, Cheapflights, Rentalcars.com, Momondo, and OpenTable. In January 2016, the Chinese travel booking company Ctrip agreed to invest $180 million to MakeMyTrip [8]. Headquartered in New Delhi, the company provides hotel bookings, air tickets, holiday packages, bus bookings, and black-label services. The acquisition was done through the innovation fund and all employees of MyGola were absorbed into the MakeMyTrip team. ... Apart from MakeMyTrip, executives of e-pharmacy firm 1MG were also involved in the making of the app. 2016 - January: In January 2016, the Chinese travel booking company Ctrip agreed to invest $180 million to MakeMyTrip. It has offices across India, UAE, Saudi Arabia and Egypt. Ctrip will own around 49% of MakeMyTrip's total voting rights. It had also received approval from the Reserve Bank of India (RBI) to, operate its own non-bank financial company (NBFC). It is owned and operated by and is the primary revenue source of United States-based Booking Holdings and is headquartered in Amsterdam. On the 3rd one, I could not download, print or view it after payment, so I sent an email to the customer service. Founded in 1999, the company owns and operates Trip.com, Skyscanner, Qunar, and Ctrip, all of which are online travel agencies. MakeMyTrip - Product and Services . MakeMyTrip, on Tuesday, reached an agreement to buy rival Ibibo Group. Tripadvisor, Inc. is an American online travel company that operates a website and mobile app with user-generated content and a comparison shopping website. The company was rebranded Trip.com in November, 2016 and acquired by the Ctrip Group in 2017. Chinese OTA Ctrip, which invested $180 million into MakeMyTrip in January 2016, will own around 10% stake in the entity following the merger, after its convertible debentures are converted. redBus currently runs in six countries – India, Malaysia, Indonesia, Singapore, Peru and Colombia and has so far registered over 180 million trips, with a customer base of over 20 million. ixigo is an Indian AI-based travel e-commerce website founded in 2007. It aggregates and compares real-time travel information, prices and availability for flights, trains, buses, and hotel availability. The website is a white-label of the Kayak.com subsidiary of Booking Holdings. The company operates an online travel aggregator website for booking flights and train tickets, hotel reservations, and activities in India and the Middle East countries. Chinese companies and companies like MakeMyTrip whose majority is owned by Chinese companies should be banned in India. Travel information is generated through varied forms of content including reviews, photographs, videos and interactive travel forums. Rajesh Magow is the Co-Founder & Group Chief Executive Officer of MakeMyTrip Limited, the holding company of India’s leading travel brands MakeMyTrip, Goibibo and redBus. In 2016, MakeMyTrip and Ibibo Group, India's largest travel booking portals, merged through a stock transaction. BENGALURU: Chinese travel giant Ctrip is increasing stake in India’s largest online travel portal MakeMyTrip to about 49% from 10% through a share-swap deal in the largest transaction in the space in the country. MakeMyTrip will be leasing out a part of the entire property for the duration of the holiday to minimize any outside interaction for the bubble holiday travellers. After selling Flipkart stakes to Walmart, South African Internet conglomerate Naspers has now sold its stake in online travel company MakeMyTrip (MMT) to Chinese travel agency Ctrip. MakeMyTrip Limited is an Indian online travel company founded in 2000.MakeMyTrip’s services include air ticketing, hotel and alternative accommodations bookings, holiday planning and packaging, rail ticketing, inter-city bus ticketing, car hire, and ancillary travel requirements such as facilitating access to third-party travel insurance and visa processing. in Flipkart to US-based retailer Walmart for $2.2 Bn. It is a repository of travel information that connects travellers to each other and to hoteliers, tour operators and online travel agents. Most recently, Inc42 reported that Naspers along with Sequoia and Venture Highway invested in Bengaluru-based car and bike-pooling startup Quick Ride’s Series B funding round. Ecommerce SaaS Startup OnlineSales.ai Raises Pre-Series B Round To Double Down O... Where Does India Stand In The Global Mobile Gaming Landscape? Momondo is a travel fare aggregator and travel fare metasearch engine. Gogobot was an online travel business headquartered in Palo Alto, California. [23] MakeMyTrip also offer metro train tickets for Hyderabad Metro. It was founded by Dhruv Shringi, Manish Amin and Sabina Chopra in August 2006. The company is a subsidiary of MakeMyTrip (MMT) Limited, which owns a 100% stake in Ibibo Group. While Ctrip has a market capitalisation of more than $24 billion, MakeMyTrip is about a tenth of the Chinese company’s size on this metric but remains the market leader in India. It provides booking services for flights, hotels, and buses; and holiday packages and travel guides. Its headquarters are in Needham, Massachusetts. The othe day I was buying domestic flights with Makemytrip. The Chinese travel giant, which has a market capitalisation of $23.5 billion, had first backed MakeMyTrip in January 2016 through an investment of $180 million in convertible bonds. Also read: Chinese travel services provider Ctrip to acquire Naspers’ entire stake in MakeMyTrip On the acquisition, Deep Kalra, Founder and Group CEO, MakeMyTrip Limited said, It didn’t disclose financial details. MakeMyTrip said that Naspers will exchange its entire shareholding in the company for newly issued shares of Ctrip while the later will acquire Naspers’ current shareholding in MMT. [8] As of March 31, 2018, the company has 14 company-owned travel stores in 14 cities, including one in their office in Gurugram, over 30 franchisee-owned travel stores which primarily sell packages in approximately 28 cities, and counters in four major airports in India under their brand. , which is subject to certain pending RBI compliance. The website is not of a travel agent and does not do any bookings directly. The website is owned by Trip.com Group, one of the world's largest online travel agencies with over 400 million users worldwide, and also the parent of Skyscanner. Priceline.com is an online travel agency for finding discount rates for travel-related purchases such as airline tickets and hotel stays. Booking.com is an online travel agency for lodging reservations. Ctrip will take an initial position through convertible bonds and MMT also gave them permission to acquire the common stakes in open market. MakeMyTrip also made three acquisitions—Luxury Tours and Travel Private Limited (Singapore), ITC Group Hotel Travel Group, and ETB Group—to enter new markets in. The company lets people research and book travel options for their trips, including flights, hotels and car hire. $124.8 Mn for the third quarter of the FY2018-19. redBus is an Indian online bus ticketing platform providing ticket booking facility through its website, iOS and Android mobile apps. [1] Headquartered in Gurugram, Haryana, the company provides online travel services including flight tickets, domestic and international holiday packages, hotel reservations, rail, and bus tickets. “Over the past years we have witnessed the great achievements of Make-MyTrip and we are confident that MakeMyTrip will extend its success in the future,” Ctrip International executive chairman James Liang … Sinclairs Hotels Ltd. owns and operates hotels and resorts in India at Siliguri, Burdwan, Darjeeling, Dooars, Kalimpong, Ooty and Andamans. The company also started to focus on non-air businesses like holiday packages and hotel bookings. The company also informed that the deal is expected to close in the second half of 2019. The site is available in over 30 languages and is used by 100 million people per month. Singapore is famous spot for tourism as provides various tourist attractions for people for their Singapore Holidays. Indian Startups, Entrepreneurship, News, Resources & More, The deal is expected to close in the second half of 2019, Following the deal, Naspers will own 5.6% of Ctrip’s outstanding ordinary shares, Ctrip will control Naspers’ entire stake in MakeMyTrip. As of March 31, 2018, the company has 14 company-owned travel stores in 14 cities, including one in their office in Gurugram, over 30 franchisee-owned travel stores which primarily sell packages in approximately 28 cities, and counters in four major airports in India under their brand. It is based in Gurugram, Haryana. EaseMyTrip has overseas offices in Singapore, Dubai, Maldives, and Bangkok. 2010 - September 17: On 17 August 2010, MakeMyTrip Limited was listed on the, 2011: In 2011, the company created several travel related apps for mobile devices. Yatra.com is an Indian online travel agency and travel search engine. Reply. It also offers online hotel reservations and bookings for transportation, lodging, travel experiences, and restaurants. In November 2015, MakeMyTrip launched a new offering named as “Value+” for the quality budget hotels category. Trip.com Group Limited provides travel services including accommodation reservation, transportation ticketing, packaged tours and corporate travel management. MakeMyTrip CEO Deep Kalra BCCL A Citizen Mass Meet is being organized to demand corrective measures to fight air pollution . Dream11 Sets The Revenue Pace In India’s Fantasy Sports Gaming Market, [The Outline By Inc42 Plus] The Social Dilemma, 500+ Attendees, 8 Sessions: Here’s A Lookback At Inc42’s D2C Day 2.0. Prior to this, Naspers had sold its 12% stake in Flipkart to US-based retailer Walmart for $2.2 Bn. In 2018, the company achieved a GMV of ₹50 billion, with a 70% share in the Indian online bus ticketing segment. Sneha 29 April, 2020 at 1:02 pm. That may be the thinking behind Chinese online travel giant Ctrip’s latest investment; the company announced today that it will invest US$180 million in India’s MakeMyTrip via convertible bonds. Apr 30, 2019 06:51 PM IST Naspers will sell its entire stake in MakeMyTrip to Chinese travel services provider Ctrip.com International Ltd, MakeMyTrip said in a statement on Friday. Chinese online travel major Ctrip.com International has agreed to invest $180 million (Rs 1,204 crore) in India's largest online travel company, Nasdaq-listed MakeMyTrip.com, the latest instance of Chinese strategic capital backing an Indian consumer internet venture. “We will leverage this investment to benefit from the tremendous growth potential in travel and tourism between our two countries,” said Deep Kalra, chairman and group CEO of MakeMyTrip. They also have offices in New York, Singapore, Kuala Lumpur, Phuket, Bangkok, and Dubai. 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