MakeMyTrip acquires majority stake in corporate travel firm Quest2Travel
Quest2Travel.Com serves some of India's well-known and large corporates, including Tata Motors, Aditya Birla Group, Times Group, HDFC Ergo and Thermax, MakeMyTrip said in a statement.
)
11:42 PM IST
Online travel firm MakeMyTrip Tuesday said it has acquired a majority stake in Mumbai-based corporate travel management firm Quest2Travel.Com for an undisclosed amount. Quest2Travel.Com serves some of India's well-known and large corporates, including Tata Motors, Aditya Birla Group, Times Group, HDFC Ergo and Thermax, MakeMyTrip said in a statement.
Commenting on the development, MakeMyTrip Founder and Group CEO Deep Kalra said: "This investment will help us extend our service offerings to large corporates for their travel requirements while helping Quest2Travel benefit from the travel expertise and depth of supplier relationships that MakeMyTrip has forged over the years".
MakeMyTrip has historically focused on providing travel solutions for retail customers and with this investment, it is making a decisive foray into providing travel solutions for corporate customers as well, Kalra added.
"This partnership is a perfect fit because it combines the best in corporate travel with the leader in non-corporate travel," Quest2Travel Founder and CEO Abhay Rangnekar said.
MakeMyTrip provides its customers access to all major domestic airlines operating in India and all major airlines operating to and from India, over 61,500 domestic accommodation properties in India and more than 500,000 properties outside India, Indian Railways and all major Indian bus operators.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
)
Top 7 Funds With Highest SIP Returns in 10 Years: Rs 10,000 SIP monthly SIP in No. 1 fund has ballooned to Rs 49,01,150
)
Top 5 Mid Cap Mutual Funds with Highest SIP Returns in 7 Years: Rs 25,000 monthly investment has grown to Rs 60.32 lakh in No. 1 scheme
)
Anil Singhvi bullish on 2 pharma, 1 bluechip and 1 midcap stock to buy; check targets and stop losses
)
SIP Calculation: Rs 20,000/month investment, how quickly can you generate Rs 7 crore corpus? See calculations
)
Power of Rs 1,50,000 PPF Investment: How many years will it take to generate over Rs 18 lakh/year tax-free income from Public Provident Fund?
)
9 Stocks to buy for long term: Analysts recommend largecap, midcap scrips; L&T, Siemens Energy on the list
)
Anil Singhvi gives buy on 1 midcap and 2 largecap stocks, advises sell on PSU defence scrip; check targets and stop losses
)
8th Pay Commission Pay Projections for Indian Army: What can be revised salary for Subedar Major, Captain and others at 2.08-2.57 fitment factors
)
BoB vs Indian Bank 444-day FD: Compare maturity on Rs 10 lakh-12 lakh deposits for senior citizens and others
11:42 PM IST