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2012-08-31

Yatra.com eye more acquisitions, to double revenue by 2017

Yatra.com, the online travel company is looking to expand via acquisitions. A senior company official has said that the company will acquire more companies by 2014 as it plans to double revenues to Rs 7,000 crore in the next five years.

Yatra.com, the online travel company is looking to expand via acquisitions. A senior company official has said that the company will acquire more companies by 2014 as it plans to double revenues to Rs 7,000 crore in the next five years.

The travel portal is in view of buyouts, possibly in holiday business segment, destination management or big travel agents.

The company has already made four acquisitions in past 18 months.

Last year in June, Yatra.com had acquired MagicRooms while in October, 2010 it acquired TSI. This year in June, the company had announced acquisition of Travelguru while in January, it took over Buzzintown.

The acquisition of Travelguru had given Yatra access to a network of more than 6,500 hotels in India and 72,000 hotels worldwide.

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