MakeMyTrip Limited announced the completion of its acquisition of a majority stake in Flamingo Transworld and a strategic minority investment in Atlys, along with the merger of RedBus India into MakeMyTrip India Private Limited. The company reaffirmed its AI investments via Myra and is evaluating a potential listing of MakeMyTrip India to bolster category leadership in India.
Key takeaways
Completed acquisition of majority stake in Flamingo Transworld, a regional group holiday packages business in Gujarat, Maharashtra, Rajasthan, and Madhya Pradesh
Completed strategic minority investment in and partnership with Atlys, a visa processing platform, for cross-sell opportunities
Completed merger of RedBus India into MakeMyTrip (India) Private Limited
Myra AI trip planner engaged in over 55,000 daily conversations across multiple languages during 90 days ended February 28, 2026
87 million+ lifetime transacted retail customers and 549 million+ app downloads as of December 31, 2025
Evaluating potential listing of MakeMyTrip India in India, subject to market conditions and regulatory approvals