India-based travel giant MakeMyTrip has agreed to acquire expense management platform Happay from rewards-focused payment platform CRED.
MakeMyTrip, which said it has more than 59,000 corporate clients, said the acquisition of Happay underscores its strategy to offer a total solution for corporate travel and expense management.
“We have consistently outpaced industry growth in the corporate travel sector over the past few years by focusing on innovation and seamless user experience,” said Rajesh Magow, co-founder and group CEO of MakeMyTrip.
Happay uses data and scalable solutions to improve value and efficiency for users.
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“The acquisition of Happay’s brand and expense management platform is a natural next step in our strategy to lead this space,” Magow said. “By integrating Happay’s expertise, which spans over 900 corporate…
