New Delhi and New York, Apr 21, 2015 MakeMyTrip Limited (Nasdaq:MMYT), India's leading online travel company, is announcing an agreement to acquire Mygola.com and its assets. The entire Mygola team will join the MakeMyTrip family and focus on cutting-edge innovation in online travel.
"Mygola's deep understanding of travelers' planning and in-destination experience preferences will be invaluable in extending our footprint on both sides of the travel funnel." said Rajesh Magow, Co-Founder & CEO - MakeMyTrip India. "We were very impressed with their ability to build world-class experiences on both web and mobile for a global audience".
Anshuman Bapna, CEO of Mygola says: "We've always taken pride in being laser-focused on the traveller's needs and rethinking online travel planning. MakeMyTrip is the leader in one of the world's most exciting travel markets, and the team is excited to bring all this knowledge to their millions of travellers".
Founded in 2009 by Anshuman Bapna and Prateek Sharma, the company built a website (mygola.com) that covers more than 20,000 destinations worldwide, sees half a million organic visitors a month and was nominated twice for the Top Innovator at PhoCusWright. Mygola's iOS app was picked up by Apple as a "Best new app". The company built proprietary technology to mine the travel web, filed patents on route optimization, and collected deep metadata for millions of travel items and thousands of high-quality itineraries. It also pioneered a unique crowdsourced model for curating travel data at massive scale.
Deep Kalra, Group CEO says: "I've known the Mygola team for over 4 years now and they have fantastic product expertise, especially in the mobile space. We look forward to their energy and enthusiasm as they join this exciting ride. "
About MakeMyTrip Limited and MakeMyTrip.com
MakeMyTrip Limited is the parent company of MakeMyTrip (India) Private Limited, India's largest online travel company, MakeMyTrip Inc. (USA), MakeMyTrip FZ LLC (UAE), Luxury Tours & Travel Pte Ltd (Singapore), Luxury Tours (Malaysia) Sdn Bhd, the Hotel Travel Group (Thailand), the ITC Group (Thailand) and the Easytobook Group (Netherlands). The Company's services and products include air tickets, customized holiday packages, hotel bookings, railway tickets, bus tickets, car hire and facilitating access to travel insurance. Through its primary websites, www.makemytrip.com, www.hoteltravel.com and www.easytobook.com and other technology-enhanced platforms, the Company provides access to all major domestic full-service and low-cost airlines operating to and from India, all major airlines operating to and from India, over 20,000 hotels and guesthouses in India, more than 190,000 hotels outside India, Indian Railways and several major Indian bus operators.
For further information, please contact:
Jonathan Huang
MakeMyTrip Limited
Director of Investor Relations
+1 (646) 405-1311
jonathan.huang@makemytrip.com