Chauffeur-driven, intercity cab provider, Savaari Car Rentals Pvt Ltd has been acquired by MakeMyTrip (MMT). With a strategic stake acquisition, MMT became a major stakeholder in Savaari. However, Savaari will continue to operate as an independent company led by the current leadership team itself. Scroll on to learn more details about this acquisition.
New Chapter For Savaari After MakeMyTrip’s Strategic Stake Acquisition
Following a strategic majority stake acquisition by MakeMyTrip, Savaari is all set for a transformative journey in the currently unorganised and fragmented intercity cab rental market. This acquisition was announced by MakeMyTrip during their second quarter FY 23-24 results. They had mentioned that they had agreed to acquire a majority interest in Savaari Car Rentals Private Limited. And now, this acquisition transaction is finally complete. It is, however, mentioned that Savaari will continue to operate as an independent entity led…