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
Employees5,122
Revenue 978M INR (2025)
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, Haryana.


DEAL STATS #
Overall 10 of 10
Sector: Internet Software and Services M&A 10 of 10
Type: Divestiture M&A Deals 2 of 2
Country: India M&A 5 of 5
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-13 ixigo

Gurgaon, India

ixigo is an online & mobile travel search engine. It searches across 100+ travel sites to find the best deals for airlines, hotels, trains, buses. ixigo was founded in 2007 and is based in Gurgaon, Haryana.

Sell -

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 M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2024 M&A 1 of 1