Gurugram-headquartered online travel company MakeMyTrip has acquired a majority stake in Mumbai-based corporate travel management startup Quest2Travel for an undisclosed amount.
“The investment will help the company to extend its service offerings to large corporates for their travel requirements,” said Deep Kalra, founder and group CEO, MakeMyTrip
NASDAQ-listed MMT said that through Q2T’s enterprise software, large corporate clients are able to manage their end-to-end employee travel needs on a real-time basis, in a transparent and secure manner.
Founded in 2000, Quest2Travel offers an end-to-end workflow for employees to put in their travel requisitions, get approvals and make travel policy compliant bookings for air etc. The employees can also avail services relating to foreign exchange, travel insurance, visas, passport applications etc. The company has over 200 clients including the giants like Tata Motors, Aditya Birla Group, Times Group, HDFC Ergo and Thermax.
“This partnership is a perfect fit because it combines the best in corporate travel with the leader in non-corporate travel,” said Abhay Rangnekar, founder and CEO of Q2T.