Ebix To Acquire Online Travel Platform Via.com
Ebix Inc, the parent company of ItzCash, has marked its fifth acquisition in India by acquiring Sequoia backed online travel portal Via.com, it said in a press statement.
This acquisition marks U.S. based on demand software supplier Ebix's distribution network to over 224,000 outlets in South-east Asia, besides offering significant cross-selling opportunities for Ebix’s EbixCash (former ItzCash) Financial Exchange portfolio of products, the company said.
Bengaluru based Via.com's enterprise value for the transactions was $74.9 million, which is expected to be carried out within few days.
Via.com is a travel deals aggregator and ticket booking portal and sells holiday packages. Operated by Flightraja Travels Pvt. Ltd, it was founded back in 2007 by Vinay Gupta and Amit Aggarwal.
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