MakeMyTrip has signed a Business Transfer Agreement to acquire the expense management business of Happay from CRED. This move aligns with MakeMyTrip’s strategy to expand its corporate travel and expense management offerings.
Under the agreement, Happay’s brand, expense management business, and its dedicated team will transition to MakeMyTrip. Happay, which supports over 900 corporate clients, is recognized for its robust expense management capabilities, including product development, data-driven insights, and scalable solutions. Notably, only the expense management business is part of this acquisition, while the payments business will remain with CRED.
Rajesh Magow, Co-Founder and Group CEO of MakeMyTrip, remarked, “We have consistently outpaced industry growth in the corporate travel sector over the past few years by focusing on innovation and seamless user experience. The acquisition of Happay’s brand and expense management platform is a natural next step in our strategy…
MakeMyTrip to acquire Happay from CRED: Key details
