US company, Ebix has announced the acquisition of travel portal Yatra Online for $337.8 million. Now, Yatra has become the part of Ebix’s EbixCash travel portfolio, forming India’s one of the “largest and most profitable” travel services companies. Yatra will continue to serve customers under its brand, alongside EbixCash’s two other travel brands ‘Via’ and ‘Mercury’.
Ebix is a provider of on-demand software and e-commerce services.
Static/Current Takeaways Important For RRB NTPC/IBPS RRB Mains:
- CEO of Yatra Online: Dhruv Shringi; CEO of Ebix: Robin Raina.
Source: The Hindu