Nasdaq-listed online travel services firm MakeMyTrip India Pvt Ltd has acquired the Hotel Travel Group (HT Group) for $25 million.

The online travel Web site HT Group has been operating the Web site for more than a decade in South-East Asia, and its booking platform offers hotel reservation across the world.

Speaking on the acquisition, Deep Kalra, Founder and CEO,, said:

“Access to’s inventory will help us significantly expand the range of best-value hotel offerings available to Indian customers. The acquisition will help to build a stronger presence in the South-East Asia region.”

Of the total deal value of $25 million, $15 million was paid in cash. The balance $10 million will be paid in the form of MMT shares in three annual tranches and will be completed by March 2016, the company said.

(This article was published on November 7, 2012)
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