MakeMyTrip said it has entered into an agreement to acquire the stake in the tour operator, subject to certain closing conditions.
Online travel platform MakeMyTrip is set to acquire a majority stake in regional tour operator Flamingo Transworld, as it looks to expand its holiday packages business.
In a statement, MakeMyTrip said it has entered into an agreement to acquire the stake in the tour operator, subject to certain closing conditions. However, it didn’t disclose the financial details of the transaction.
The 30-year-old Flamingo Transworld offers domestic and international group tour packages. It has built a strong presence in western and central India, particularly across Gujarat, Maharashtra, Rajasthan and Madhya Pradesh.
Its tour packages are largely sold through a network of 51 offices across these states. Flamingo Transworld focuses on group tours that include Indian meals prepared by on-tour chefs or verified vegetarian and Jain kitchens, along with tour managers who speak regional languages.
MakeMyTrip said Flamingo’s offerings will complement its existing holiday packages business and help it reach customers in regional markets.
Notably, MakeMyTrip has made several acquisitions in recent years to expand its services across the travel ecosystem. These include acquisitions of corporate travel platform QuestToTravel, hotel technology company Simplotel, travel forex platform BookMyForex, intercity mobility service Savaari and corporate spend management startup Happay.
The acquisition comes as the Nasdaq-listed company continues to grow its hotels and packages segment, which remains its largest revenue contributor. In the quarter ended December 31, 2025, the segment generated a revenue of $161.4 Mn, up 10% YoY, driven by higher hotel room-night bookings.
Overall, MakeMyTrip’s operating revenue rose 11% YoY to $295.7 Mn during the quarter, while gross bookings rose 12% to $2.78 Bn. However, its net profit declined 73% YoY to $7.3 Mn due to higher finance costs.
In 2022, Competition Commission of India (CCI) fined online hotel-booking companies MakeMyTrip, Goibibo and hotel chain Oyo a combined $47 million for anti-competitive behaviour. The regulator alleged that MakeMyTrip and Goibibo (MMT-Go) imposed a price parity in their agreements with hotel partners.
Source: Inc42
