MakeMyTrip to Acquire Majority Stake in Flamingo Transworld
The move aligns with MakeMyTrip’s strategy to deepen its presence across offline and regional distribution channels.
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MakeMyTrip has signed an agreement to acquire a majority stake in Flamingo Transworld for an undisclosed amount, as part of its efforts to strengthen its holiday packages business.
Founded more than three decades ago, Flamingo Transworld offers group tour services and has established a presence in regional markets such as Gujarat, Maharashtra, Rajasthan and Madhya Pradesh. The company sells domestic and international group travel packages through a network of 51 offices across these states.
Flamingo is known for curated group tours that include regional-language tour managers and Indian meal options for travellers. The integration is expected to complement MakeMyTrip’s existing holiday packages portfolio and expand its reach in regional travel markets.
The move aligns with MakeMyTrip’s strategy to deepen its presence across offline and regional distribution channels. The company also operates travel platforms such as Goibibo and redBus.
In recent years, MakeMyTrip has expanded its ecosystem through acquisitions including QuestToTravel, Simplotel, BookMyForex, Savaari and Happay.
MakeMyTrip has signed an agreement to acquire a majority stake in Flamingo Transworld for an undisclosed amount, as part of its efforts to strengthen its holiday packages business.
Founded more than three decades ago, Flamingo Transworld offers group tour services and has established a presence in regional markets such as Gujarat, Maharashtra, Rajasthan and Madhya Pradesh. The company sells domestic and international group travel packages through a network of 51 offices across these states.
Flamingo is known for curated group tours that include regional-language tour managers and Indian meal options for travellers. The integration is expected to complement MakeMyTrip’s existing holiday packages portfolio and expand its reach in regional travel markets.
The move aligns with MakeMyTrip’s strategy to deepen its presence across offline and regional distribution channels. The company also operates travel platforms such as Goibibo and redBus.
In recent years, MakeMyTrip has expanded its ecosystem through acquisitions including QuestToTravel, Simplotel, BookMyForex, Savaari and Happay.
