Nasdaq-listed Ctrip is expected to pump around $100 million into Zomato, valuing the Gurgaon-based firm at $1.8-2 billion, the people said.
The Chinese online travel giant has taken a series of initiatives to support a traveler’s journey, and this is also helping in cutting down on cost of revenues.
CVC will purchase two companies controlled Bibam in an operation worth about $5.375 million.
Orior will have the opportunity to completely acquire the Casualfood business by increasing its interest in several stages over the next few years.
Ctrip's accommodation reservation revenue for the second quarter of 2018 rose 21% to USD 425 million, transportation ticketing revenue increased 1% to USD 457 million.
As a result of the acquisition, Singapore will join the Big Bus Tours global portfolio as the global sightseeing company's 21 st city.
The company aims to grow its revenues to over RMB 100 million (USD 14.6 million) this year.
The company allows users to rent digital equipment such as cameras, WiFi routers and diving equipment for a duration of 7 to 10 days.
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