IBIBO
MakeMyTrip's India arm gets Sebi nod to float IPO
MakeMyTrip's India subsidiary, MMT India, has received approval from Sebi for an initial public offering. This approval follows a confidential filing of draft papers made in July. The IPO will involve the sale of equity shares by MakeMyTrip and its subsidiary, ibibo Group Holdings. Proceeds from the sale are expected to enhance the cash position of the parent company.
EuroKids Group appoints Ashish Kashyap to its board
A technology entrepreneur, Kashyap has launched multiple businesses in online travel, payments and fintech space
MakeMyTrip-Ibibo merger: How combined entity continues to struggle with problems old and new
The $1.8-billion largely stock deal saw the then newly merged travel giant grab more than 60% of the overall online travel market in India.
We didn’t want to compromise on market leadership: MakeMyTrip, CEO, Rajesh Magow
As a market leader, people expect you to offer the best prices. So we had to change our course which was tough, because we were constrained by virtue of being a listed company.
MakeMyTrip President and Ibibo Group founder Ashish Kashyap resigns
In a filing submitted with the US SEC, the company said Kashyap’s resignation had been accepted, and will come into effect from September 30th.
CCI clears acquisition of Ibibo group by MakeMyTrip
The Competition Commission of India (CCI) has approved the deal, as per the latest update on the regulator's website.
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MakeMyTrip to issue shares worth $960 million for ibibo Group acquisition
Ibibo will also carve out its 14% stake in PayU and 52% in Tek Travels before the transaction closes, with MakeMyTrip entitled to a payout on these assets in five years.
MakeMyTrip, Ibibo to focus on creating new categories, platforms
A huge opportunity lies in outbound flights and hotels, Kashyap said, adding that the companies will start working on the integration after approvals.
For MakeMyTrip, Ibibo acquisition is only the beginning
Even as it becomes the market leader by a margin post the acquisition, MakeMyTrip will see competition from players like Yatra, Cleartrip, OYO, Stayzilla besides international players like Bookings.com and Expedia for the hotel market.
10 things to know about Makemytrip-Ibibo mega deal
The combined entity will bring together top brands in the consumer travel space in India including MakeMyTrip, Goibibo, redBus, Rightstay and Ryde under one umbrella.
Online travel portals MakeMyTrip and ibibo announce merger
The combination will bring together a bouquet of leading consumer travel brands like MakeMyTrip, goibibo, redBus, Ryde and Rightstay.
Ibibo becomes profitable in air-ticketing business
"We are trying to solve problems of each group - from travelers to owners - in a single shopping cart through creating an engaging app," says Kashyap.
ibiboGroup acquires majority stake in Busportal
After starting its operations in Malaysia and Singapore, ibiboGroup drives redBus's expansion to Latin America in style
Moving beyond low-margin plane tickets, online travel firms seeking to dominate hotel bookings
Naspers has been pumping money into the online travel company for nearly a decade, not bothering to broadcast it.
South African media conglomerate Naspers invests another $250 million in Ibibo Group
Following this latest round of investment, Naspers will hold about 90% stake in the nine-year-old company.
ibibo Group to receive $250 million investment from Naspers
The investment will be focused on extending ibibo's presence in the Indian hotels category and on additional technology innovations, ibibo Group said.
Late to enter ticketing business, we grew on emergent learning: Ashish Kashyap, Ibibo
Ashish Kashyap entered the travel aggregation business when incumbent players were well entrenched. However, this has not stopped him from growing Ibibo group to $ 2 billion GMV of top line sales.
Goibibo launches budget accommodations platform 'GoStays'
Online hotel aggregator Goibibo today launched a platform 'GoStays' to facilitate booking budget accommodations through its mobile apps.
ibibo picks minority stake in hotel solution firm Djubo
Post the share acquisition, ibibo Group Chief Executive Ashish Kashyap will join Djubo's board, the company said in a statement today.
Ibibo Group buys minority stake in cloud-based hotel services Djubo
The company is majority-owned by South Africa-headquartered internet and media group Naspers, which also an investor in Flipkart.
ibibo Group aims over 2-fold jump in sales this fiscal
The group, which owns portals like Goibibo.com and redBus.in among others, currently clocks transactions worth over Rs 1,000 crore per month.
Ashish Kashyap's steady hand steered a rocky redBus
Ashish Kashyap, CEO, ibibo Group, spoke to ETPanache about redBus, handling employee disappointments and on ex-employers Google.
Cardekho looks to buy Gaadi.com for $11 mn
Ibibo Group is in talks to sell Gaadi.com to Cardekho. The deal could trigger the first consolidation move in a fragmented online auto classifieds market.
Leadership change in redbus, cofounders Phanindra Sama and Charan Kumar Raju exit the company
Anoop Menon, who moved to redBus last year from ibiboGroup as CTO, will now take charge of the entire engineering function of the firm.
ibiboGroup acquires bus tracking platform YourBus.in for undisclosed sum
ibiboGroup has acquired online bus tracking and analytics platform, YourBus.in, for an undisclosed sum.
Ibibo Group to acquire online bus ticketing firm redBus.in
Ibibo Group and Pilani Soft Labs Pvt Ltd, owner of redBus.in have executed a binding agreement for the acquisition, the company said in a statement.
Ibibo eyes 50 pc share of India's social gaming market by FY'14
Online gaming company Ibibo aims to increase its market share in the country's social gaming space to 50 per cent in the next two years.
Huawei, ibibo to provide free calls, SMS on mobile phones
Huawei and ibibo have entered in a tie-up for mobile phone applications, including one that will enable user to make free calls and SMS to their contacts.
Mobile game developers promote freemium games
Most mobile game developers in the country including Ibibo, Hungama, Nazara and UTV Indiagames are promoting freemium games or products.
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