M&A Deal Summary

MakeMyTrip Acquires CRED - Happay Expense Management Platform

On November 18, 2024, MakeMyTrip acquired internet software and services company CRED - Happay Expense Management Platform from CRED

Acquisition Highlights
  • This is MakeMyTrip’s 10th transaction in the Internet Software and Services sector.
  • This is MakeMyTrip’s 5th transaction in India.

M&A Deal Summary

Date 2024-11-18
Target CRED - Happay Expense Management Platform
Sector Internet Software and Services
Buyer(s) MakeMyTrip
Sellers(s) CRED
Deal Type Divestiture

Target

CRED - Happay Expense Management Platform

Mumbai, India
CRED's Happay Expense Management Platform provides expense management and the company is based in Mumbai, Maharashtra.

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Buyer(S) 1

Buyer

MakeMyTrip

Gurugram, India

Category Company
Founded 2000
Sector Internet Software and Services
Employees4,576
Revenue 783M INR (2024)
DESCRIPTION

MakeMyTrip is an online travel company provides access to all major domestic full-service and low-cost airlines, hotels and guesthouses. MakeMyTrip was founded in 2000 and is based in Gurugram, India.


DEAL STATS #
Overall 10 of 10
Sector (Internet Software and Services) 10 of 10
Type (Divestiture) 2 of 2
Country (India) 5 of 5
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-30 Quest2travel.com India Pvt.

Mumbai, India

Quest2travel.com India Pvt. Ltd. is an IATA certified web-based Corporate Travel Management company that helps customers manage their employee travel procurement in a transparent and secure manner. Quest2travel.com India Pvt. Ltd. was founded in 2000 and is based in Mumbai, India.

Buy -

Seller(S) 1

SELLER

CRED

Mumbai, India

Category Company
Sector Internet Software and Services
DESCRIPTION

CRED is a rewarding payments platform. CRED is based in Mumbai, Maharashtra.


DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
Country (India) 1 of 1
Year (2024) 1 of 1