Writing on X (formerly Twitter), the man, identified as Akash Bhandage-CEO of professional networking site Peerlist-slammed Goibibo for sending the notification to his contact list and called their behavior as 'breach of privacy'.
A fine of Rs 223.48 crore has been slapped on Make My Trip-Goibibo (MMT-Go) and Rs 168.88 crore on OYO, according to a 131-page order.
This round of financing brings INDmoney’s total fundraise to $143 million.
INDwealth plans to utilise the capital to build its technology, artificial intelligence and advisory team. It will also invest the fund in acquiring customers and marketing programmes
In this episode of Setting Sail, Moneycontrol's Priyanka Sahay chats with Ashish Kashyap to understand his experience starting up and doing it all over again with a new company.
In this role, Vipul will be responsible for developing and executing strategic direction and priorities of the company.
The employees are being given the option to either join the third-party firms from where Yatra will be outsourcing the services or look for openings outside
In January, the company launched a feature for flight booking and seat selection, giving it users the ability to choose their desired flight seat on WhatsApp.
PhonePe users will also be able to use their goCash balance, Goibibo's promotional currency in the PhonePe app, to book domestic and international hotels.
The overlap between the two brands is barely 25 percent in terms of customers, says Rajesh Magow, CEO and co-founder, MakeMyTrip
The 11th edition of the Indian Premier League (IPL) is scheduled to begin on April 7 and continue till May 27, 2018.
This is Softbank Vision Fund's second big investment in India after a massive USD 2.5 billion round in Flipkart, last month.
Those hotels with room rentals between Rs 1000-2500 will be taxed at 12 percent, much lower than what they charged their customers earlier
The hiking of commissions by big OTAs for budget hotel room startups clearly indicates at a threat that established companies perceive from younger ventures in the travel segment
"Cardholders can book flights, buses and hotels with ease on Goibibo through e-Store, while availing exclusive discounts and offers," SBI Card said in a release.
While consolidation is good for investors and entrepreneurs, it reduces competition. Mergers of large consumer internet startups often become detrimental to consumer choice and fair-market pricing.
Consolidation is providing exits to existing investors and entrepreneurs even as it is lessening competition. It signals a maturing of India‘s e-commerce sector.
While the biggest deal in India‘s online travel aggregation space signals a maturity in the sector, providing an exit path to investors, it would also lessen cash burn. With this deal, all three large brands in OTA space – Yatra, MakeMytrip and GoIbibo will be on path to be listed entities on Nasdaq.
Online travel firm MakeMyTrip will acquire rival ibibo in an equity deal that will create one of the leading travel groups in India.
According to the DGCEI officers, its a grave and serious offence to collect taxes but not deposit the amount in govt accounts.
In his new role, Deepak Tuli will focus on building and implementing strategies for growing new business lines in the accommodations segment for the company, MakeMyTrip said in a release issued here.
With increasing online competition, popular models that have come up include online travel agents (OTAs) offering a single marketplace for all travel-related needs, and meta search engines like Tripadvisor and Kayak, that operate like travel discovery platforms.