Traveltech major EaseMyTrip is looking to invest INR 33 Cr ($3.9 Mn) in B2B travel Portal E-Trav Tech Limited to acquire a 4.94% stake.
In an exchange filing on Thursday (March 28), the online travel aggregator said its board approved the proposed investment during its board meeting today.
Based in Mumbai, E-Trav Tech Limited provides travel APIs to businesses, empowering travel companies to offer competitive deals and diverse content sourced from global travel suppliers. Their offerings span flight APIs, holiday packages, hotel APIs, bus APIs, visa services, and more.
Established in 2008 by Rikant Pittie, Nishant Pitti, and Prashant Pitti, EaseMyTrip is dedicated to simplifying travel with its range of solutions, including air tickets, hotels, holiday packages, rail and bus tickets, and additional value-added services.