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Ibibo deal is strategic, not for reducing losses, says MakeMyTrip India CEO

Interview with Co-founder and India CEO, MakeMyTrip

Aneesh Phadnis  |  Mumbai 

The acquisition of rival firm Ibibo will give MakeMyTrip a dominant position in online air-ticketing and hotel business. Rajesh Magow, co-founder and India CEO of MakeMyTrip, explains the synergy benefits and strategy behind the transaction to Aneesh Phadnis. Excerpts: What kind of cost benefits and synergies can we see after this? What about margin growth? We’ll keep the MakeMyTrip and Ibibo brands intact and their distribution will remain separate. On the back end, there are opportunities for integration. We see synergies in contracting from hotels and other suppliers. We run ...

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