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EaseMyTrip To Acquire 5% Stake In B2B Travel Portal E-Trav Tech For INR 33 Cr

Inc42

· 3m
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Indian traveltech major EaseMyTrip has announced plans to invest INR 33 crore ($3.9 million) in B2B travel portal E-Trav Tech Limited to acquire a 4.94% stake. Mumbai-based E-Trav provides travel API services to businesses, enabling them to offer competitive travel deals and content from global suppliers. EaseMyTrip, which offers air tickets, hotels, holiday packages, rail and bus tickets, has been on an acquisition spree in recent years, buying stakes in various travel-related companies. The move comes following EaseMyTrip's robust financial performance in Q3 FY24, with a 9.6% increase in net profit.

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