Online travel company MakeMyTrip said on Monday that it will acquire Happay Expense Management Platform from CRED.
With the acquisition, MakeMyTrip aims to become the go-to platform for comprehensive corporate travel and expense management solutions.“We have consistently outpaced industry growth in the corporate travel sector over the past few years by focusing on innovation and seamless user experience,” MakeMyTrip said in a statement.
Founded in 2012 by Anshul Rai and Varun Rathi, Happay, an expense management platform that streamlines corporate spending, reimbursements, and expense tracking for businesses, was acquired by CRED in 2021 in a deal worth $180 million.
As per the deal agreement, the Happay brand, its expense management business, and its dedicated team will transition to MakeMyTrip.
Happay’s payments business and team, which has focused on developing an innovative technology stack and business payments products, will remain with CRED.
“We have consistently outpaced…
