deep kalra | Pixr8 News

India's leading online travel company,MakeMyTrip announced on Wednesday about the resignation of its cofounder and President Ashish Kashyap, with effect from September 30, 2017. The MakeMyTrip Board has accepted the resignation and MakeMyTrip (India) and Ibibo Group have entered into a separation agreement with Kashyap. In a filing submitted with the US Securities and Exchange Commission this agreement provides among other things, final settlement of dues and benefits to Mr. Kashyap and certain obligations on Mr. Kashyap including Non-Solicitation and Non-Competition which shall continue until September 30, 2019. “It’s been a decade-long journey. Post the merger, the next step was to build something new, and integrating the brand, and that has been done. The structure is set, and the b...

Delhi-based travel booking startup GoFro, has recently raised $10 million in a Series B round led by Japanese travel company HIS Co. Ltd. The round also saw participation from its existing investor MakeMyTrip. The company will be utilizing its funds to strengthen its technology platform, supply and agent network and expand into international markets. “Support of HIS and MakeMyTrip is a validation of the potential of GoFro’s marketplace platform. We now look forward to HIS’s global reach and experience to help us enhance our global supply network and provide great holiday packages at competitive prices,” said Amitabh Misra, founder and chief executive, GoFro. GoFro is a three-way online marketplace for holiday packages connecting travellers with suppliers and destination experts. The c...

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MakeMyTrip Co-founder And President Ashish Kashyap Resigns

Travel Booking Startup GoFro Raises $10 Mn Funding In Series B Round