20-553: Ibibo Group is an online Indian travel organisation founded in January 2007 by Ashish Kashyap. The company is a subsidiary of MakeMyTrip (MMT) Limited , which owns a 100% stake in Ibibo Group. The group owns the B2C online travel aggregator Goibibo, and online bus ticketing platform RedBus.in . On 31 January 2017, MakeMyTrip (MMT) acquired the ibibo Group by purchasing 100% equity interest in
40-461: A GDS for bus inventory distribution. redBus has started its carpooling and bike pooling platform called rPool in Delhi. In March 2014, ibibo Group acquired Bangalore -based bus tracking startup YourBus. YourBus, founded by BITS-Pilani graduates from Rajesh Mallipeddi and Satya Padmanabham in 2011, is a GPS-based bus tracking and analytics platform. The YourBus application on a smartphone shows users
60-507: A chapter of Redbus in Colombia . The company received ₹10.7 Crores infusion of funding from its Singapore -based parent company, Ibibo Group Holdings. Prior to this, in November 2019, It had also received ₹71.73 Crores. In October 2016, India based online travel company MakeMyTrip , a Nasdaq listed firm and ibibo Group, India's largest travel group agreed to merge in a stock transaction, to form
80-502: A first-of-its kind premium deferral payment facility for consumers 'LazyPay' aimed at those who transact digitally for any amount between ₹500 and ₹2,500 and is an option to pay later. Redbus.in became a part of ibibo group via a 100% acquisition in June 2013. redBus is India's most popular online bus ticketing platform, both on mobile and on desktop . The business also owns BOGDS, a cloud computing service for bus operators, and SeatSeller,
100-582: A partnership was formed with MakeMyTrip to integrate forex services into MakeMyTrip's platform. List of companies of India India is a country in South Asia . It is the seventh-largest country by area, the second-most populous country (with over 1.4 billion people ), and the most populous democracy in the world. The Indian economy is the world's fifth largest by nominal GDP and third largest by purchasing power parity . Following market-based economic reforms in 1991, India became one of
120-825: A stock transaction. Through this transaction, MakeMyTrip acquired its rival, Ibibo Group, in one of the biggest acquisition in India's online travel space. MakeMyTrip provides flights, places to stay, villas and homestays, rail and bus tickets, inter-city cab service, holiday packages, forex, and hotel booking services on its portal. In 2012, MakeMyTrip launched travel mobile applications for Windows Phone , iPhone , Android , and Blackberry devices. In 2012, MakeMyTrip launched routeplanner, allowing users to search across 1 billion routes and modes within India. It provides information on distance, available modes of transport (flights, trains, buses, cabs), estimated duration, and fares. The company started its air ticketing operations in 2000 under
140-541: A travel planning website. The acquisition was done through the innovation fund, and all employees of MyGola were absorbed into the MakeMyTrip team. In July 2015, MakeMyTrip invested in the travel information and hotel review portal HolidayIQ and picked up approximately 30% stake in the company. In the same month, it invested $ 5 million in a startup called Bona Vita. In January 2016, the travel booking company Ctrip agreed to invest $ 180 million in MakeMyTrip. In March 2018,
160-464: The fastest-growing major economies and is considered a newly industrialised country . For further information on the types of business entities in this country and their abbreviations, see: "Business entities in India" . This list shows firms in the Fortune Global 500 , which ranks firms by total revenues reported before 31 March 2020. Only the top ranking firms (if available) are included as
180-487: The Indian market, to permit websites to integrate e-commerce transactions through online payments . With PayU, a business can process payment by using credit cards and debit cards (for more than 50 banks), and online banking for banks including ICICI , HDFC , SBI , and Axis Bank . PayU provides an API for integration and transaction analytics to improve the speed and security of payment processing. PayU India launched of
200-479: The MakeMyTrip brand. Their air ticketing business primarily serves domestic and international travel to and from India. In 2017, they expanded their operations by acquiring the Ibibo Group, which operates the Goibibo brand. MakeMyTrip ventured into the hotels and packages business in 2005 and manages it through MMT India and Goibibo . As of 2020, it had over 60,000 accommodation properties in India and 5,00,000 outside
220-491: The company had 14 company-owned travel stores across 14 cities. The company acquired the Mumbai -based corporate travel management company Quest2Travel for an undisclosed amount in 2019. The company launched myPartner in 2020, a platform for travel agents. In May 2021, the company entered into a strategic partnership with the digital payment arm of Amazon — Amazon Pay for providing travel services on Amazon. By March 31, 2022,
SECTION 10
#1732876842840240-829: The company had over 125 franchisee-owned travel stores throughout India. They also leased offices in South-East Asia , Dubai , the USA, and Latin America . In April 2022, TripMoney, the fintech arm of MakeMyTrip, announced the acquisition of BookMyForex, an online foreign exchange services provider, BookMyForex. As of June 2023, they have 146 active franchisees operating in over 100 cities. They also have international offices located in New York , Singapore , Kuala Lumpur , Phuket , Bangkok , and Dubai . In 2016, MakeMyTrip and Ibibo Group , India 's largest travel booking portals, merged through
260-462: The company has 146 active franchisees operating in over 100 cities. MakeMyTrip also has international offices located in New York , Singapore , Kuala Lumpur , Phuket , Bangkok , Dubai , and Istanbul . In September 2019, Ctrip/Trip.com Group , the largest online travel agency in China and one of the largest travel service providers in the world, completed a share exchange with Naspers and became
280-458: The country listed on its site. The company owns and operates its bus ticketing business primarily through redBus , an online platform for bus ticketing. The company has partnerships with various major bus operators in India, Peru , Colombia , and select countries in Southeast Asia . BookMyForex founded by father-son duo in 2012. In 2016, it received funding from Faering Capital. In 2016,
300-530: The country's biggest online travel company. Both these online platforms have AI -powered chatbots named Myra and Gia respectively. MakeMyTrip MakeMyTrip Limited is an Indian online travel company , which was founded in 2000. Its headquarter is located in Gurugram , Haryana , the company provides online travel services including airline tickets , domestic and international holiday packages, hotel reservations, rail and bus tickets. As of June 2023,
320-464: The ibibo Group from MIH Internet, an indirect subsidiary of Naspers , pursuant to a Transaction Agreement dated 18 October 2016. Ibibo started as a social networking service in 2007, and later changed to become an e-commerce and travel organisation. In 2009 Goibibo.com was launched. Bixee is a former job search engine for India, and an example of both vertical search and metasearch (not to be confused with Bixby, Samsung's voice assistant). It
340-552: The location of a bus in real time on a map. It also tells the users about the arrival time at their pick-up point along with SMS updates. In August 2015 ibibo Group bought a minority stake in cloud-based hotel services startup Djubo for an undisclosed amount. Djubo, founded in February 2015 by Tarun Gulati and Sankalp Goel, manages hotel bookings for over 100 hotels through a single interface. In July 2016 Redbus acquired Peru -based bus tracking startup Busportal. In 2017, they founded
360-705: The single largest shareholder of MakeMyTrip. In 2016, MakeMyTrip acquired the Ibibo group, which owned sites such as Goibibo and Redbus.in . Founded by Deep Kalra , an alumnus of IIM-Ahmedabad , in 2000, MakeMyTrip was launched in the US market to cater to the overseas Indian community for their US to India travel needs. It started its Indian operations in September 2005 by offering online flight tickets to Indian travellers and also started focussing on non-air businesses like holiday packages and hotel bookings. MakeMyTrip limited
380-603: Was launched in late 2005. The company also launched Pixrat, which is a social photo bookmarking service. Bixee was acquired by ibibo, the Indian arm of the South African media giant Naspers , in December 2006. Goibibo was launched in 2009 and is part of ibibo Group. It was co-founded by Sanjay Bhasin and Vikalp Sahni . Goibibo is India's largest hotels aggregation and also one of the leading air aggregator. In 2011, Ibibo rolled out its payment gateway innovation called PayU in
400-455: Was listed on the NASDAQ on 17 September 2010 after its initial public offering . MakeMyTrip also acquired Luxury Tours and Travel Private Limited ( Singapore ), ITC Group Hotel Travel Group, and ETB Group—to enter new markets in Southeast Asia and Europe . In September 2014, MakeMyTrip instituted a $ 15 million innovation fund to support travel start-ups. In April 2015 MakeMyTrip acquired MyGola,
#839160