Windsor Drake Market Intelligence
Transaction · B2B Payments · 2024

MakeMyTrip / Happay 2024

MakeMyTrip acquired Happay on November 18, 2024.

Target
Happay
Acquirer
MakeMyTrip
Announced
November 18, 2024
Sub-sector
B2B Payments

Transaction overview

  • MakeMyTrip announced the acquisition of Happay on November 18, 2024.

Strategic rationale

Expand corporate travel and expense management capabilities to capture growing India business travel market projected to reach $38B by 2030.

Deal terms & multiples

Deal value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
EV / Revenue
Not disclosed
EV / EBITDA
Not disclosed
Announcement
November 18, 2024
Acquirer
MakeMyTrip (Strategic)
Sub-sector
B2B Payments

Sources

  • skift.com /2024/11/18/makemytrip-acquires-happay-in-move-to-strengthen-corporate-travel-biz/

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