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Traveltech startups taking to acquisitions to drive growth
Financial Express Bengaluru
|December 16, 2024
TRAVELTECH STARTUPS LIKE Oyo, ixigo, EaseMyTrip are driving growth through a surge in acquisitions, targeting market expansion, customer reach and enhanced capabilities, given the post-pandemic travel boom.
Recent notable deals include Oyo's acquisition of G6 Hospitality, the parent of Motel 6 and Studio 6, to boost its international footprint. Similarly, MakeMyTrip acquired Happay, ixigo took over Zoop India, and Yatra snapped up Globe India.
According to Tracxn, the median acquisition price in the sector rose sharply to $15.3 million this year, up from $1 million in 2022.
Dit verhaal komt uit de December 16, 2024-editie van Financial Express Bengaluru.
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