MakeMyTrip has acquired a majority stake in Mumbai based corporate travel management company Quest2Travel for an undisclosed amount.
Quest2Travel allows corporate clients to manage their employee travel needs on a real-time basis. 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.
It counts companies such as Tata Motors, Aditya Birla Group, HDFC Ergo and Thermax among others.
"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," said Deep Kalra, founder and group chief executive officer, MakeMyTrip.
Last week, MakeMyTrip announced a change in the company's shareholding following which Naspers is exchanging its entire shareholding in MakeMyTrip for newly issued shares of Ctrip
China's Ctrip will now acquire Naspers' current shareholding in MakeMyTrip.
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