Online travel platform Easemytrip has acquired business-to-business travel marketplace Traviate
This is EaseMyTrip’s first acquisition.
Traviate enables peer-to-peer transactions among hotels, online travel agencies and travel agents.
The company has over 1.2 million hotels listed on its platform.
Traviate claims that 70% of the hotel’s inventory is sold by B2B channels.
The acquisition would help EaseMyTrip scale up its hotel and holiday business.
EaseMyTrip has a market cap of Rs 5,345 crore as of October 28.
It aims to further strengthen its B2B offerings with this acquisition.
