India’s largest online travel aggregator, MakeMyTrip has entered the corporate travel business after acquiring majority stake in Mumbai-based firm, Quest2Travel. Commenting on the deal, Deep Kalra, founder and group CEO, MakeMyTrip, said that the buyout will help the online travel aggregator extend its offerings to large corporates for their travel requirements. “With this investment, we are making a decisive foray into providing travel solutions for corporate customers as well,” Kalra said while declining to disclose the amount of the deal. Recently, in a share-swap deal with South African internet giant Naspers, China’s largest online travel agency Ctrip increased its share in Nasdaq-listed MakeMyTrip to about 49 percent, along with 4 percent of total voting rights.
In a statement, Abhay Rangnekar, Chief Executive, Quest2Travel said that this partnership is a perfect fit because it combines the best in corporate travel with the leader in non-corporate travel. “Amongst other benefits, it will help us offer superior service offerings with wider inventory and better pricing for air, hotel bookings and other employee travel services,” he said.
Q2T’s enterprise software allows corporates to manage end-to-end travel needs of their employees on a realtime basis.