Kuoni, India’s prime travel services provider, is selling its corporate travel arm to Yatra online. Gurgaon based Yatra online is an arm of the Anil Dhirubhi Ambani Group. If the deal goes through, this will be Kuoni’s second outing with ADAG. In 2006, Kuoni had sold its foreign exchange money-changing unit, Travelmate Services to ADAG’s Reliance Capital, which is now one of Yatra’s promoters.
Mr. Dhruv Shringi, co-founder & CEO of Yatra Online, has not said anything on this issue. Even Niren Shah, MD of Norwest Partners, offered no comment. Norwest Partners, a global venture capital firm, is another promoter of Yatra Online.
2 Comments
If the deal is finalized it will be good for both company Kuoni as well as yatara.
But There are lot that type of companies are avilable in market which provides this type of facilities for all places.