Indian online travel agency MakeMyTrip has acquired travel planning website Mygola for an undisclosed amount. The acquisition was done through its Innovation Fund, which was launched in September 2014, to support early stage companies in the travel space. As part of the deal, Mygola team has joined the MakeMyTrip family to focus on innovation in online travel.
Started in 2009, as a venture of Anshuman Bapna and Prateek Sharma, Mygola is backed by Helion Ventures, Blumberg Capital, 500Startups and numerous angels. The company’s website covers 20,000 destinations worldwide, sees half a million organic visitors a month and its iOS app was picked up by Apple as a ‘Best new app’. It has built proprietary technology to mine the travel web, filed patents on route optimization and collected deepmeta data for million of travel items.
Apart from this, in February 2014, MakeMyTrip had also acquired EasyToBook.com group with an aim to further grow its hotel and online holidays business as well as to expand its presence beyond the South-East Asia region.
Gurgaon-based MakeMyTrip is an online travel company providing holiday packages, travel guides, and booking services for flights, hotels and buses. Founded in 2000 by Deep Kalra, Rajesh Magow, and Keyur Joshi, the company had raised a total of $28 million in 2 rounds and went public on August 2010.Category Investments