MakeMyTrip acquires Happay Expense Management platform from CRED

MakeMyTrip has signed a Business Transfer Agreement to acquire the Happay Expense Management Platform from CRED. This move strengthens MakeMyTrip’s goal of becoming a comprehensive solution provider for corporate travel and expense management.

Happay, recognised for its strong product development, data-driven insights, and scalable expense management solutions, will now join forces with MakeMyTrip. The acquisition includes the Happay brand, its expense management business, and its dedicated team. The transaction is expected to be completed within 90 days, subject to customary closing conditions.

“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, MakeMyTrip. “The acquisition of Happay’s brand and expense management platform is a natural next step in our strategy to lead this space. By integrating Happay’s…