Travel website Ctrip.com has invested USD 180 million (about Rs. 1,200 crore) in Indian online travel company MakeMyTrip. The deal was conducted in the form of convertible bonds, Ctrip.com. The partnership will benefit both companies, as there are many similarities between China and India’s online tourism, state-run Xinhua quoted MakeMyTrip CEO Deep Kalra saying.
Founded in 2000, MakeMyTrip is the biggest online travel agent in India.