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PhonePe Ties Up With Goibibo For Hotel Bookings

22Jun By Gauri SinghNo Comments

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PhonePe Ties Up With Goibibo For Hotel Bookings

The Bengaluru based Fin-Tech company PhonePe has tied up with online travel company Goibibo to allow its users to make hotel bookings from the app itself. It will provide a unified login and payments experience to over 100 million PhonePe users for the same purpose. According to the statement, the PhonePe app will have Goibibo’s microapp under the name ‘Hotels’ which will enable users to book domestic and international hotels. Users can also use their goCash balance to make these hotel bookings. #PhonePe welcomes @goibibo! Now make your hotel bookings directly from the PhonePe App & enjoy hassle-free bookings. Download the PhonePe App now : https://t.co/YvG5WrnJai pic.twitter.com/dSDQMbOs9c — PhonePe (@PhonePe_) June 20, 2018 “With this partnership, ...

China’s Ctrip.com Acquires Online Travel Company Skyscanner in $1.74 billion Deal

Ctrip.com International Ltd , China's biggest online travel company, said on Wednesday it agreed to buy travel search website Skyscanner Holdings Ltd in a deal valuing the Scotland-based company at about 1.4 billion pounds (USD 1.74 billion). Ctrip's shares were up 9.2 percent at USD 44.75 in extended trading. Skyscanner, a result of CEO and co-founder Gareth Williams' frustration with finding cheap flights, enables users to compare prices from different travel sites when searching for flights, hotels, and rental cars. The website currently serves 60 million monthly active users and is available in over 30 languages. Skyscanner was reported to be exploring a sale or an initial public offering. The company was valued at USD 1.6 billion in a funding round in January, when it raised ...

Airbnb Inc Secured $1 Billion Debt Facility From US Banks

Apartment-sharing startup Airbnb Inc has secured a $1 billion debt facility from some big U.S. banks to aid its new services and finance its expansion plans, a source close to the company said. JPMorgan, Citigroup Inc, Morgan Stanley and Bank of America Corp led the debt deal, the source said. Airbnb, which expects to achieve profitability in 2016, raised over $100 million in a round of funding late last year. Bloomberg reported the funding deal earlier on Wednesday. Representatives at JPMorgan, Citigroup, Morgan Stanley and Bank of America were not immediately available for comment outside regular U.S. business hours. Priceline, Expedia and other travel companies have been facing increased pressure in their hotel bookings business from the rise of startups such as Airbnb.