EaseMyTrip says that they are planning to acquire Nutana Aviation
- ByStartupStory | December 2, 2022
EaseMyTrip, India’s one of the largest online travel tech platforms, today announced it will invest in and acquire Gujarat’s GIFT city-based Nutana Aviation. The acquiree company offers charter solutions to clients in India and abroad. Nutana Aviation leases charter aircraft enabling operators to run efficiently along with proving charter booking services to its clients, within and outside India.
Nutana Aviation leases charter aircraft enabling operators to run efficiently along with proving charter booking services to its clients, in India and abroad. With this acquisition, EaseMyTrip is planning to add a new segment that will ‘fast-track’ its growth. The acquisition is part of a strategic decision which comes in line with its continued diversification plans of developing a comprehensive travel ecosystem.
The company is focused on growing inorganically and attain profits by completing this acquisition. This will ensure that the company caters and expand its footprints to the international markets. Under this transaction, EaseMyTrip will hold a majority stake in the Nutana aviation. After investment from EaseMyTrip, Nutana Aviation will continue to run and operate as an independent entity.
EaseMyTrip (a public listed company at NSE and BSE) is India’s second-largest online travel platform in terms of air ticket bookings, based on the Crisil Report-Assessment of the OTA Industry in India, February 2021. Furthermore, growing at a CAGR of 78% during FY20-22 in profits, it is one of the fastest-growing internet companies. The company is bootstrapped and profitable since its inception. EaseMyTrip offers ‘End to End’ travel solutions including air tickets, hotels and holiday packages, rail & bus tickets as well as ancillary value-added services.
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