MakeMyTrip, India's largest online travel company, is bolstering its corporate travel offerings by acquiring Happay's expense management platform, transitioning the business and team to its organization.
This acquisition focuses on enhancing MakeMyTrip's MyBiz platform, which already serves 59,000 small and medium-sized businesses and aims to attract more corporate clients by integrating Happay's expertise.
CRED retains Happay's B2B payments technology stack while MakeMyTrip plans to integrate Happay's service for 900 corporate clients, further strengthening its foothold in India’s travel sector.
The financial details of the acquisition remain undisclosed, but the deal underscores the strategic efforts of MakeMyTrip to enhance its position in the growing corporate travel market.
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