MakemyTrip eyes larger share of corporate travel segment

Online travel firm MakemyTrip is looking to ramp up its offerings in the corporate travel segment, including through acquisitions.

As a part of this strategy, the company recently picked up a majority stake in Mumbai-based Quest2Travel.com for an undisclosed amount.

MakemyTrip, through its ‘myBiz’ app, already caters to the travel requirements in the small and medium businesses; while Quest2Travel will target large corporates.

The Global Business Travel Association (GBTA) says that India has been witnessing a 11.4 per cent annual growth in business travel spend, which is among the highest in the world.