MakeMyTrip and ibibo had agreed to merge in October 2016, in the biggest-ever consolidation move in Indias online travel services sector.. ibibo was especially hitting MakeMyTrip hard with pricing in the hotels category. MakeMyTrip and ibibo together processed 34.1 million transactions in fiscal 2016, the companies said in a statement. ibibo Group, via its brand goibibo and redBus, comes with a strong presence in various fast growing travel segments including hotels, bus bookings and air ticketing. ibibo Group, via its brand goibibo and redBus, comes with a strong presence in various fast growing travel segments, including hotels, bus bookings and air ticketing. The merger creates one of the leading travel groups in India bringing together a collection of leading consumer travel brands, including MakeMyTrip, goibibo, redBus, Ryde and Rightstay, which together processed 34.1 million transactions during fiscal year 2016. MakeMyTrip and Ibibo announced merger last year in October CCI has approved the acquisition of Ibibo group by MakeMyTrip This will bring redBus, goibibo, Ryde under MakeMyTrip's group MakeMyTrip brings its strong brand, robust mix of domestic and outbound hotels and packages business and strong position in the air ticketing business. These entities combined processed 34.1 million transactions during the fiscal year 2016. including MakeMyTrip, goibibo, redBus, Ryde and Rightstay. ibibo Group, via its brand goibibo and redBus, comes with a strong presence in various fast growing travel segments including hotels, bus bookings and air ticketing. To continue getting transactions, MMT started doing that too. ibibo and MakeMyTrip have built leading companies MakeMyTrip is already the largest OTA in the country and the merger will strengthen its position while toning down the cut throat competition in the business. The merged entity will include the MakeMyTrip, goibibo, redBus, Ryde and Rightstay brands. gopinath BANDARI (@themidnightrage) October 18, 2016. while Goibibo MakeMyTrip is already the largest OTA in the country and the merger will strengthen its position while toning down the cut throat competition in the business. MakeMyTrip acquired rival Goibibo, and the merged entity will be valued at $1.8bn, making it the biggest merger in Indias online travel space. Goibibos strategy to acquire transactions was discounting. In the travel space, the Read full article Indias largest online travel company, MakeMyTrip, has announced the acquisition of Ibibo, a rival online travel company, for $720 million in stocks. Ashish Kashyap, Founder and CEO of Ibibo will join MakeMyTrips executive team as a Co-Founder and President of MakeMyTrip. MakeMyTrip Limited (NASDAQ:MMYT) announced that it has completed its merger of the ibibo Group. (MakeMyTrip and Goibibo had announced a merger in October 2016). Todays announcement is a significant step forward for the rapidly growing travel industry in India. GoIbibo & MakeMyTrip Merger: Why I Am Not Happy As A Consumer While consolidation is good for investors and entrepreneurs, it reduces competition. The merger will bring together a bouquet of leading consumer travel brands, including MakeMyTrip, goibibo, redBus, Ryde and Rightstay, which together processed 34.1 million transactions during February, 2016. The other competitors in this space include Yatra, Cleartrip and Via.com, among others. MakeMyTrip Limited and ibibo Group (owned by global technology group Naspers Limited, have agreed to pursue a transaction that will combine the two businesses under MMYT, creating one of the leading travel groups in India that provides a one-stop shop for all Indian travellers and serves as a critical partner for travel industry suppliers.. The company has issued 38.91 million Class B shares to Ibibo group. @makemytrip and @goibibo merger. MakeMyTrip brings its strong brand, robust mix of domestic and outbound hotels and packages business and strong position in the air ticketing business. Goibibo and MakeMyTrip were competitors. However, MMT had a better hold on the market. MakeMyTrip brings its strong brand, robust mix of domestic and outbound hotels and packages business and strong position in the air ticketing business. What will be the ripple effects of this merger on the travel and hotel and accommodation industry? Deep Kalra, who founded MakeMyTrip in 2000 together with Rajesh Magow, said all the entities including MakeMyTrip, redBus and Goibibo India Incs merger and acquisition deal tally hits $32bn MakeMyTrip, ibibo to merge, creating one-stop travel shop. The other competitors in this space include Yatra, Cleartrip and Via.com, among others. FTW. MakeMyTrip and GoIbibo to start targeting different consumer segments. MakeMyTrip will own 100 percent of Ibibo Group. This merger will bring together the top travel brands like MakeMyTrip, goibibo, redBus, Ryde, and Rightstay under one unit. ibibo Group, via its brand goibibo and redBus, comes with a strong presence in various fast growing travel segments including hotels, The entity owned by Naspers and Tencent is said to have purchased 413,035 new ordinary shares of MakeMyTrip at $21.19 per With this merger, many big travel brands like MakeMyTrip, goibibo, redBus, Ryde and Rightstay have now come under a single entity. The deal will bring all brands of the Ibibo Group such as Goibibo, redBus, Ryde and Rightstay under MakeMyTrip. The countrys biggest online travel portal, MakeMyTrip has recently acquired GoIbibo for a $2 billion deal which makes it Indias biggest acquisition in the online travel space. The combination will bring together a bouquet of consumer travel brands, including MakeMyTrip, goibibo, redBus, Ryde and Rightstay, which together processed 34.1 mm transactions during FY 2016, MakeMyTrip said in a statement.India is a key market for Naspers and this deal reinforces our commitment to the country. MakeMyTrip, Ibibo to save millions from merger The merged entity will use the money to expand existing business, and build new technology and products around mobile and shared services But there could be more trouble ahead. The announcement of an all-stock merger between travel portal MakeMyTrip, and its rival, the Ibibo Group, on October 18 signalled the birth of an online travel giant. Karla said MakeMyTrip is strong in the air-ticketing and branded 5-4-3 star hotel-booking space, while Goibibo is strong in the budget accommodation space. In 2015, Expedia and Orbitz merged their business in a $1.6 billion deal. The combined strength of MakeMyTrip, goibibo, redBus, Ryde, and Rightstay is formidable. The all-stock deal involved South African technology group Naspers and Chinas Tencentwhich owned 91% and 9%, respectively, in ibibo Groupselling the firm to MakeMyTrip in exchange for a 40% stake in the combined company. Goibibo: MakeMyTrip and GoIbibo merge MakeMyTrip and GoIbibo are merging, is what appears to be a consolidation of the two largest online travel players in India. ibibo was especially hitting MakeMyTrip hard with pricing in the hotels category. The coming together of two entities invariably leads to a larger buying house that can negotiate between greater margins owing to the scale, itself. Several Hotel and Restaurant Associations (HRA) across cities in the country have told BOOM that they are unhappy with the booking websites. The merger has taken place after three months of the initial announcement. The merger is set to retain much of MakeMyTrips senior management with founder Deep Kalra as the Group CEO and Executive Chairman, while Rajesh Magow will remain CEO India. CCI clears MakeMyTrip, ibibo Group merger, New Delhi: The Competition Commission of India (CCI) has approved MakeMyTrip brings its strong brand, robust mix of domestic and outbound hotels and packages business and strong position in the air ticketing business. The overlap between the two brands is barely 25 percent in terms of customers, says The deal will add popular online ticketing websites such as, goibibo.com and redbus.com, to MakeMyTrips portfolio, which owns the flagship brand and the alternate accommodation site Rightstay. However, the Nasper-backed MakeMyTrip and Goibibo merger took everyone by surprise. MakeMyTrip and GoIbibo are merging, is what appears to be a consolidation of the two largest online travel players in India. All other Hotels and flights businesses can chill now. Together,