EaseMyTrip signs deal to launch hotels segment on PhonePe, shares jump 6%

The shares of EaseMyTrip jumped 5.54 percent to Rs 36.22 on NSE at 12:03 pm on September 26.

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26 Aug, 2025 12:21

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EaseMyTrip has entered into an exclusive partnership with PhonePe to launch its hotels segment on the payment’s firm’s platform, the online travel portal said in an exchange filing on September 26.

As part of the deal, PhonePe users will get access to hotel deals and special offers provided by EaseMyTrip, the filing said, adding it will also introduce “Activities” and “Cabs” to expand its offerings.

At noon, EaseMyTrip shares was trading 5.54 percent higher at Rs 36.22 on the National Stock Exchange.

“This partnership is a significant step in making travel more accessible and convenient for millions of users across India,” said Rikant Pittie, co-founder of EaseMyTrip.

All the benefits provided by the online portal, including competitive pricing, and flexible booking options and cancellations, will also be provided to the users of PhonePe, the company said.

A day earlier, Moneycontrol reported a block deal involving shares worth Rs 176.5 crore of EaseMyTrip, in which around 4.6 crore shares, representing a 2.6 percent stake, changed hands at a floor price of Rs 38 apiece.

Following the deal, the share slipped to its lower circuit of 20 percent to Rs 32.78 apiece.

Moneycontrol had earlier exclusively reported that the promoter of EaseMyTrip (Easy Trip Planners Ltd) Nishant Pitti was expected to sell 15 crore shares, or 8.5 percent of the total share capital, in a block deal. Nishant Pitti held a 28.1 percent stake in the firm as of June 2024.

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