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ibibo sets off on new journey with MakeMyTrip

The merger has allowed the travel portal to shift focus from survival to growth and put resources in expanding to new markets

Ajay Modi  |  New Delhi 

Adversity brings the best out of people — it can also bring rivals together. An apt example of this was the increasing association between two leading online travel companies, MakeMyTrip and ibibo, which in October culminated in a merger to create a travel entity that towers above the rest.   The estimated value of the merged entity is $1.8-2 billion and the deal is expected to close soon. The merged entity will be owned 60% by MakeMyTrip shareholders and 40% by ibibo shareholders. It will bring under one umbrella popular online properties MakeMyTrip, Goibibo, redBus, Ryde and ...

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First Published: Mon, December 05 2016. 21:58 IST
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