🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
EaseMyTrip To Acquire 5% Stake In B2B Travel Portal E-Trav Tech For INR 33 Cr
Inc42
·
1y ago
Medial
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.
View Source
Related News
EaseMyTrip buys 4.94% stake in B2B travel platform
VCCircle
·
1y ago
Medial
Online travel aggregator EaseMyTrip has acquired a 4.94% stake in B2B travel tech platform E-Trav Tech Ltd for INR 33 crore ($4 million). The investment aims to strengthen EaseMyTrip's B2B segment offerings and cater to the needs of corporate clients. E-Trav offers APIs for flight, hotel, bus, and holiday package bookings. The company has been profitable and debt-free, with revenues increasing from INR 6.5 crore in FY21 to INR 35 crore in FY23. EaseMyTrip plans to expand its services in non-air segments and deliver enhanced services to corporate clients.
View Source
TBO Tek’s INR 1,551 Cr IPO To Open On May 8
Inc42
·
1y ago
Medial
TBO Tek, a B2B travel portal, has set the price band for its initial public offering (IPO) at INR 875 to INR 920 per equity share. The IPO, which opens on May 8 and closes on May 10, is expected to raise INR 1,551 Cr. The company plans to use the funds for growth, strengthening its platform, investment in technology and data solutions, marketing and promotional activities, and general corporate purposes. TBO Tek offers travel solutions to travel agents and tour operators, connecting over 1.59 Lakh buyers across 100 countries with more than 1 Mn suppliers.
View Source
EaseMyTrip to acquire 51% stake in three Indian travel companies
Startup News FYI
·
2y ago
Medial
EaseMyTrip, an Indian online travel company, is set to acquire a 51% stake in three other Indian travel firms. The deal aims to consolidate their position in the travel market and leverage synergies for mutual growth. The move is expected to strengthen EaseMyTrip's presence in the travel industry and offer more comprehensive services to customers.
View Source
IPO-Bound TBO Tek Raises INR 696 Cr From 47 Anchor Investors
Inc42
·
1y ago
Medial
Travel Boutique Online (TBO Tek), a B2B travel portal, has raised INR 696.5 Cr ($93.7 million) from 47 anchor investors ahead of its public listing. The company has allocated 45.7 million shares to these investors at an anchor investor allocation price of INR 920 per share. The anchor round saw participation from Abu Dhabi Investment Authority (ADIA), Government Pension Fund of Norway, ICICI Prudential Mutual Fund, and other notable investors. TBO Tek aims to raise around INR 1,551 Cr ($208.4 million) through its IPO which opens on May 8. The funds raised will be used for growth, technology enhancement, and other purposes.
View Source
EaseMyTrip Rides The Medical Tourism Wave With Two Bets Worth INR 90 Cr
Inc42
·
10m ago
Medial
EaseMyTrip, an Indian online travel company, has approved the acquisition of a 30% stake in Rollins International for INR 60 Cr and a 49% stake in Pflege Home Healthcare for INR 30 Cr. The investments will be made through equity share swaps and signify EaseMyTrip's foray into the medical tourism sector. This move is part of the company's strategy to diversify its offerings and tap into India's growing medical tourism market, which is expected to reach $50.67 billion by 2034.
View Source
EaseMyTrip Eyes Foray Into Hospitality Space With 5-Star Hotel In Ayodhya
Inc42
·
1y ago
Medial
EaseMyTrip, a leading travel tech startup, is venturing into the hospitality sector with the construction of a 5-star hotel in Ayodhya. This move comes as the company's first investment in the hotel industry, with a capital allocation of INR 100 Cr. The hotel will be built near the recently consecrated Ram Mandir, aiming to cater to the growing number of tourists visiting Ayodhya. The announcement of the project led to a 5% increase in EaseMyTrip's share prices. This expansion follows the startup's recent entry into the insurance market with its subsidiary EaseMyTrip Insurance Broker.
View Source
EaseMyTrip's Nishant Pitti Pledges Shares Worth INR 95 Cr For ‘Personal Use’
Inc42
·
1m ago
Medial
Nishant Pitti, chairman of EaseMyTrip, has pledged shares worth INR 94.5 crore, equating to a 2.54% stake, to Motilal Oswal Financial Services for personal use. This move comes six months after he reduced his shareholding. The pledge was created on June 20 and represents about 13% of his total 45.4 crore shares in the company. Over the past year, Pitti's holding in EaseMyTrip has decreased from 28% to 13%.
View Source
EaseMyTrip Signs “Exclusive” Pact To List Hotels On PhonePe
Inc42
·
10m ago
Medial
PhonePe and EaseMyTrip have entered into a partnership, allowing PhonePe users to access services offered by EaseMyTrip, including hotel deals, cab services, and more. The collaboration aims to leverage EaseMyTrip's offerings in the travel tech space and PhonePe's user base to enhance accessibility and attract new users. This news follows the recent sale of shares in EaseMyTrip by its CEO, Nishant Pitti, for INR 920 crore.
View Source
Modern Insulators Buys Swiggy Shares Worth INR 5 Cr Ahead Of IPO
Inc42
·
10m ago
Medial
Modern Insulators will acquire 1.38 Lakh shares of Swiggy for INR 360 apiece, totaling INR 4.99 Cr. Hindustan Composites recently announced its plan to acquire a 0.01% stake in Swiggy for INR 5.17 Cr. Swiggy is currently preparing to file its Draft Red Herring Prospectus (DRHP) with SEBI for an IPO valued at over $1 billion.
View Source
Nirma to buy Glenmark Life Sciences for 5,651 cr
Livemint
·
1y ago
Medial
Nirma Ltd has agreed to acquire a 75% stake in Glenmark Life Sciences Ltd for INR 5,651.5 crore, valuing the company at INR 7,535.4 crore. Glenmark Pharmaceuticals Ltd, the parent company, will retain a 7.84% stake in Glenmark Life Sciences. Nirma will also make a mandatory open offer to acquire an additional 17.15% stake from public shareholders. The deal is subject to regulatory and shareholder approvals. Glenmark Pharma plans to use the proceeds to reduce its debt and focus on core therapeutic areas such as dermatology, respiratory, and oncology.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
