Ibibo Group is an online Indian travel organisation founded in January 2007 by Ashish Kashyap. The company is a subsidiary of MakeMyTrip (MMT) Limited, which owns a 100% stake in Ibibo Group.
The group owns the B2C online travel aggregator Goibibo, and online bus ticketing platform RedBus.in.
On 31 January 2017, MakeMyTrip (MMT) acquired the ibibo Group by purchasing 100% equity interest in the ibibo Group from MIH Internet, an indirect subsidiary of Naspers, pursuant to a Transaction Agreement dated 18 October 2016.
History
Ibibo started as a social networking service in 2007,[1] and later changed to become an e-commerce and travel organisation. In 2009 Goibibo.com was launched.[2]