The ibibo Group, which is an online travel services provider said that the internet and media firm Naspers, the principal share owner in the company is going to invest another USD 250 million (about Rs 1,715 crore) in the group.
ibibo Group and Naspers has said in a joint statement that the investment will be focused on extending ibibo’s presence in the Indian hotels category and on additional technology innovations.
Ashish Kashyap, ibibo Group Founder & CEO has said that “The commitment from both Naspers and Tencent to ibibo is testimony to the strength of our platforms and the opportunities ahead”.
