MakeMyTrip Limited(MMYT)- NASDAQ
  • Thu, Jan. 7, 9:53 AM
    • Chinese online travel leader Ctrip (CTRP -4.2%) is investing $180M in Indian online travel firm MakeMyTrip (NASDAQ:MMYT) via convertible bonds. The company has also been granted permission to make open-market purchases of MakeMyTrip shares. Between the convertible debt and stock purchases, Ctrip is allowed to have a stake of up to 26.6%.
    • MakeMyTrip has soared on the news. Ctrip, which recently obtained a major stake in top Chinese rival Qunar from Baidu, is following U.S. and Chinese markets lower. The Shanghai composite fell 7% overnight.
    | Thu, Jan. 7, 9:53 AM | 1 Comment
  • Apr. 21, 2015, 3:53 PM
    • MakeMyTrip (NASDAQ:MMYT) is acquiring Mygola.com, an Indian developer of iOS and Android apps that provides info about more than 20K destinations worldwide. Terms are undisclosed.
    • MakeMyTrip: "[Mygola.com] 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." The company is said to get over 500K organic unique visitors per month.
    | Apr. 21, 2015, 3:53 PM