March 29, 2017 3:40 AM ET

Internet and Direct Marketing Retail

Company Overview of ibibo Group Private Limited

Company Overview

ibibo Group Private Limited operates as an online travel company in India. It owns Goibibo.com, a B2C online travel aggregator; redBus.in, an online bus ticketing platform; and travelboutiqueonline, a B2B online travel platform. The company enables consumers to buy air, hotels, holidays, and bus tickets via mobile and desktop. ibibo Group Private Limited was founded in 2007 and is based in Gurgaon, India. ibibo Group Private Limited operates as a subsidiary of Naspers Limited. As of January 31, 2017, ibibo Group Private Limited operates as a subsidiary of MakeMyTrip Limited.

Eminence Building

3rd Floor

Plot No.-44, Institutional Area

Sector-32

Gurgaon,  122001

India

Founded in 2007

Phone:

91 12 4674 9000

Key Executives for ibibo Group Private Limited

Founder and Group Chief Executive Officer
Co-Founder and Chief Technology Officer of Goibibo
Chief Financial Officer
Chief Executive Officer of Goibibo.Com
Chief Executive Officer of Redbus
Compensation as of Fiscal Year 2016.

ibibo Group Private Limited Key Developments

Competition Commission of India Approves Combination of MakeMyTrip and ibibo Group

On January 20, 2017, ibibo Group Holdings (Singapore) Pte. Ltd. received a letter from the Competition Commission of India stating that the proposed combination of MakeMyTrip and ibibo Group has been approved by the Commission. Closing of the Transaction is expected to occur on or around January 31, 2017.

ibibo Group Private Limited Reports Audited Earnings Results for the Year Ended March 31, 2016

ibibo Group Private Limited reported audited earnings results for the year ended March 31, 2016. For the year, the company reported total revenue of SGD 81,394,234, loss from operating activities of SGD 148,074,898, loss before tax of SGD 147,944,134 and loss attributable to owners of the company of SGD 142,437,837 against total revenue of SGD 39,944,880, loss from operating activities of SGD 57,788,265, loss before tax of SGD 57,869,080 and loss attributable to owners of the company of SGD 54,661,497 for the same period a year ago. Net cash used in operating activities was SGD 123,799,267 against SGD 48,793,145 for the same period a year ago. Payment for property, plant and equipment was SGD 1,350,829 against SGD 1,104,546 for the same period a year ago. Payment for intangible assets and goodwill was SGD 1,360,085 against SGD 139,084 for the same period a year ago.

ibibo Group Private Limited, MakeMyTrip Limited - M&A Call

To discuss the transaction to consolidate their Indian travel businesses including MakeMyTrip, goibibo, redBus, Ryde and Rightstay

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 18, 2016
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