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Ebix to Acquire India's Corporate Travel Player Yatra for $338 Million

Sean O'Neill photo
Sean O'Neill
talks at Ebix Presents TV18 India Rising Summit 2019 Ebix Wants to Buy Yatra for $336 Million to Expand Sales to India's Travelers

Photo Credit: Ebix chairman and CEO Robin Raina talks at Ebix Presents TV18 India Rising Summit 2019, a pan-India thought leadership effort sponsored by Raina's U.S.-based software company. Ebix, an Atlanta-based tech company, is buying Indian-based travel services provider, is acquiring India's online travel company Yatra for about $380 million. Ebix

Skift Take

Corporate travel and event planning seem to be the only profitable paths in India's online travel scene, at least for now.

Ebix, an Atlanta-based tech company, is buying Indian-based travel services provider Yatra Online for $337.8 million. The deal is the largest consolidation in India's online travel market since MakeMyTrip acquired rival GoIbibo in 2016. Ebix's core business is selling software to insurers. But since late 2017 it has acquired several travel businesses in India, such as Via.com, Mercury, Leisure Corp, Pearl International Tours & Travel, and Lawson Travel & Tours. These businesses have enabled cross-selling with its money transfer and foreign exchange units. Yatra began as a consumer-facing

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