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EaseMyTrip invests Rs 90 Cr in two overseas firms; enters medical tourism space

EntrackrEntrackr · 1y ago
EaseMyTrip invests Rs 90 Cr in two overseas firms; enters medical tourism space
Medial

Online travel aggregator (OTA) platform EaseMyTrip has acquired a 30% stake in Rollins International and a 49% stake in Pflege Home Healthcare to enter the medical tourism market. The board of directors at EaseMyTrip has approved the acquisition of Rollins International (30%) and Pflege Home Healthcare (49%) at a consideration of Rs 60 crore and Rs 30 crore, respectively, the company’s disclosure accessed from the National Stock Exchange shows. According to the filings, the consideration of Rs 90 crore will be paid to Rollins and Pflege in the form of an equity swap i.e. issuance of EaseMyTrip’s shares. “The acquisition is a strategic expansion into the rapidly growing medical tourism sector and align with EaseMyTrip’s mission to offer holistic travel solutions by integrating wellness and healthcare services into its service portfolio as medical tourism.” the company added in the disclosure. Pflege Healthcare is a UAE-based medical tourism provider which offers international patients access to treatments worldwide with partnerships across top-tier medical institutions and leading hotel chains. Rollins International is a subsidiary of Singapore-based RHA Holding which focuses on wellness, healthcare, and consumer products such as gluten and lactose-free food products, allergen-free health supplements, wellness therapies and treatments. Earlier this month, EaseMyTrip’s board also approved the proposal for the manufacturing of electric buses. Over the years, the company expanded its portfolio through the acquisition of several firms in the travel and hospitality sectors, including Guideline Travels Holidays, TripShope Travel Technologies, and Dook Travels last year. The Nishant Pitti-led firm recorded a 6.8% quarter-on-quarter decrease in its revenue to Rs 152.6 crore in the first quarter of the ongoing fiscal year as compared to Rs 164 crore in Q4 FY24. A slight decline in scale led EasyMyTrips’s profits to down by 13% to Rs 33.92 crore in the same period.

EaseMyTrip expands into real estate, hospitality, and lifestyle with Rs 514 Cr of stake purchases

EntrackrEntrackr · 3m ago
EaseMyTrip expands into real estate, hospitality, and lifestyle with Rs 514 Cr of stake purchases
Medial

EaseMyTrip expands into real estate, hospitality, and lifestyle with Rs 514 Cr of stake purchases. Online travel platform EaseMyTrip has announced five back-to-back investment deals worth Rs 514 crore, marking its biggest diversification push beyond travel and ticketing, as per the regulatory filings. The company will fully acquire AB Finance Private Limited, while picking up minority stakes in Three Falcons Notting Hill, Javaphile Hospitality, Levo Beauty, and SSL Nirvana Grand Golf Developers. All transactions will be executed through a share swap, with EaseMyTrip issuing new equity shares on a preferential basis instead of paying cash. According to the company’s filing, EaseMyTrip has entered into definitive agreements to acquire a 100% stake in AB Finance, 50% in Three Falcons, and 49% each in Javaphile, Levo, and Nirvana. The combined value of these investments stands at Rs 514 crore. The largest among the five deals is the Rs 194 crore acquisition of AB Finance. EaseMyTrip said the purchase will help augment its business expansion and operational requirements. In another key move, the company is investing Rs 175 crore to buy a 50% stake in Three Falcons, a London-based hospitality venture that runs the boutique hotel The Knight of Notting Hill. The remaining three deals involve smaller but strategic equity infusions. EaseMyTrip will invest Rs 19.6 crore in Javaphile Hospitality, which operates in the cafe and fine-dining space; Rs 24.5 crore in Levo Beauty, which runs salons, spas, and wellness centres in Gurugram; and Rs 100.5 crore in SSL Nirvana Grand Golf Developers, a real estate venture. EaseMyTrip said these deals are part of its plan to drive inorganic growth and portfolio diversification as it continues to build a broader ecosystem around travel, hospitality, and lifestyle experiences. All five transactions are subject to shareholder and regulatory approvals and are expected to be completed over the next three to four months.

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