Bengaluru: Online travel major MakeMyTrip (MMT) has acquired majority stake in corporate travel management player Quest2Travel (Q2T). This will help the Nasdaq-listed MakeMyTrip, where China’s Ctrip is hiking its stake to about 49%, to strengthen its foothold in the corporate travel market.

MakeMyTrip did not give details of the transaction but its co-founder and India CEO Rajesh Magow said the deal will help the company to gain a lion’s share in the market.

In the last one year, the Gurgaon-based company built Mybiz targeting the business travel needs for small and medium enterprises. Of the total travel market, 25-30% is corporate travel. “We want to be a one-stop-shop for all travel needs. We built Mybiz but that was not enough for large corporates and that’s where Q2T will help,” Magow said. Q2T clients include Tata Motors, Aditya Birla Group, Times Group — which publishes this newspaper, HDFC Ergo and Thermax, among others.

The deal comes at a time when the US-based Ebix has proposed to acquire Yatra, which has a sizeable business in corporate travel.

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