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New Deal


Announced

MakeMyTrip acquired Quest 2 Travel.com.

Financials

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Acquisition

Private

travel management

Online and Social Platforms

India

Single Bidder

Synopsis

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MakeMyTrip Limited has acquired a majority shareholding interest in Mumbai based Quest 2 Travel.com, an internet based corporate travel management company. Financial terms were not disclosed. Through Q2T’s enterprise software, large corporate clients are able to manage their end-to-end employee travel needs on a real-time basis, in a transparent and secure manner. Its online booking platform offers the entire workflow of travel procurement, including an employee’s travel request approval, corporate policy compliant online booking, invoice generation, expense management, reimbursement and final invoice settlement. “This investment will help us extend our service offerings to large corporates for their travel requirements while helping Quest2Travel benefit from the travel expertise and depth of supplier relationships that MakeMyTrip has forged over the years. We have historically focused on providing travel solutions for retail customers and with this investment we are making a decisive foray into providing travel solutions for corporate customers as well.” Deep Kalra, MakeMyTrip Founder & Group CEO.

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