Makemytrip announced that Naspers (91% stakeholder) and Tencent (9% stake) will sell the Ibibo Group to Makemytrip in exchange for fresh shares issued by Makemytrip amounting to 40% stake in the combined entity. Post the merger, Deep Kalra and Rajesh Magow of Makemytrip will continue as Group CEO and India CEO, respectively, while Ashish Kashyap, the CEO of Ibibo will join Makemytrip as Co-Founder & President. Based on transaction data and FY15 financials available from the Ministry of Corporate Affairs, our back of the envelope estimation of net revenues for Ibibo group points to Continue reading ibibo merges into MakeMyTrip – Consolidation in Travel / Hotel Bookings
This is an excerpt of the Business Analysis done for a Fine Dining Restaurant which wanted to give a whole new experience for their customers using the mobile paltform. The restaurant industry is seeing a major impact from smartphones within several key segments like pizza, fine dining, home delivery and coffee. Currently, roughly 30% of all orders for the major pizza chains are generated digitally. There is tremendous demand for Restaurant Specific App or an App which provides information on multiple restaurants.
Quick Service Restaurants – pizza chains, particularly Dominos, were the first to jump in the race and have established a strong digital presence and Continue reading How SmartPhone App is Changing the Restaurant / Dining Industry ?