Tag: Ibibo Group
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MakeMyTrip To Acquire Rival Ibibo Group In An Equity Deal
In the biggest consolidation move in the online OTA space in India, online travel firm MakeMyTrip has agreed to buy the rival Ibibo Group, which is co-owned by South African technology group Naspers Ltd and Chinese investment firm Tencent. Naspers and Tencent jointly held a 91% and 9% stake in Ibibo respectively. Additionally, prior to…
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redBus Expands Its Operation To Malaysia And Singapore
The bus ticketing venture redBus.in has stepped out of India and launched it services in Malaysia and Singapore. The users can book the tickets on Android and iPhone apps as well as on the Web through the website redBus.sg. The Ibibo Group which operates redBus.in has said that it is the first expansion of redBus…