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.
This story is from the December 16, 2024 edition of Financial Express Chandigarh.
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This story is from the December 16, 2024 edition of Financial Express Chandigarh.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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