Private Equity Liquidity Events
EaseMyTrip acquires premium intercity mobility platform YoloBus
Source Mint (opens in a new tab)BSE Release (opens in a new tab)
New Delhi-based, publicly listed online travel platform EaseMyTrip will acquire the assets of Gurugram-based premium intercity mobility platform YoloBus. The deal will help the acquirer expand its non-air travel business. It will buy the YoloBus brand, its technology, team, running business and data expertise. Post deal, EaseMyTrip expects to leverage YoloBus' technology-enabled platform to offer an enhanced and superior bus travel experience.
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From the Venture Intelligence PE-VC Deal Database: Between Jan-20 and Jun-20, Yolobus raised $4-M from India Quotient, Nexus Venture Partners, Madison Capital, Rebright Partners, and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)