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Online travel portal MakeMyTrip to buy rival ibibo Group

 India-based travel website operator MakeMyTrip Ltd said it would buy rival ibibo Group to capture a larger share of the rapidly growing travel industry in India.

Online travel portal MakeMyTrip to buy rival ibibo Group

New Delhi: India-based travel website operator MakeMyTrip Ltd said it would buy rival ibibo Group to capture a larger share of the rapidly growing travel industry in India.

Ibibo, owned by South Africa-based technology group Naspers Ltd and China`s Tencent Holdings Ltd, operates brands such as goibibo and redBus.