Gurgaon, India-based online travel company MakeMyTrip (MMT) has announced the acquisition of online bus ticket company Ticketvala.com, operated by Travis Internet Pvt. Ltd.

Published: 12 Feb 2010

Gurgaon, India-based online travel company MakeMyTrip (MMT) has announced the acquisition of online bus ticket company Ticketvala.com, operated by Travis Internet Pvt. Ltd.

MMT has acquired strategic assets from Ticketvala including website, URL, technology platform agent network, and bus inventory.

The Ticketvala online system provides real time quotations, real time bus booking services for round trips, multiple payment channels, cost comparison and last minute bookings.

Deep Kalra, founder & CEO, MakeMyTrip.com, said, “We were the first full service OTA to launch online bus ticketing in India and currently offer one of the largest bus inventory in the country with over 8,000 buses, 500 bus operators, and over 5000 routes across 14 states in the country. Ticketvala has a strong Customer Reservation System, (CRS) platform, a large supplier network, and direct contracting that will help us pass on greater value to our end users.”

MMT is targetting sales of Rs. 2300 crores or $511 million in the f.y.e. March 2010.

The online travel industry in India is estimated to be worth US$ 6 billion by 2010. It is expected to corner around 23% share of the total travel market by 2010.