MakeMyTrip acquires majority stake in Flamingo Transworld
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Flamingo’s popular group travel packages will complement MakeMyTrip's established Holiday Packages business and help the platform penetrate deeper into markets across India.
MakeMyTrip announced that it has entered into an agreement to acquire a majority stake in Flamingo Transworld, India’s regional tour operators, subject to the fulfilment of certain closing conditions.
Flamingo's popular international and domestic group travel packages, which are currently sold largely through 51 offices across Gujarat, Maharashtra, Rajasthan and Madhya Pradesh, will complement MakeMyTrip's established Holiday Packages business and help the platform penetrate deeper into markets across India.
Commenting on the acquisition, Rajesh Magow, Co-Founder and Group CEO, MakeMyTrip, said, “Flamingo aligns closely with the growth strategy of our Holiday Packages business. It is a strong, growing business that has developed a unique moat in the group travel domain. We plan to leverage the complementary customer base, products and distribution focus between the two brands to widen holiday package options for our customers.”
“We believe that our proposed acquisition of Flamingo creates a profitable growth opportunity to help MakeMyTrip drive a deeper presence in regional markets across India,” said Mohit Kabra, Group Chief Operating Officer, MakeMyTrip.
Commenting on this, Sanjay Shah, Director and Co-Founder of Flamingo Transworld, said, “By combining Flamingo’s brand equity and operational depth with MakeMyTrip’s digital platform and national customer reach, we aim to build a truly pan-India tour company that brings Flamingo’s signature experience to millions of new customers.”
MakeMyTrip has taken a calibrated approach to inorganic growth, steadily strengthening its presence across key travel segments. Recent strategic acquisitions, including Quest2Travel in corporate travel bookings, Simplotel in hotel technology, BookMyForex in travel forex, Savaari in intercity mobility and Happay in corporate spend management, have expanded its capabilities across leisure, corporate and ancillary travel. These moves are said to have enhanced supply integration, cross-sell potential, and end-to-end control across the connected trip journey, reinforcing company’s position as a full- stack travel services platform.
