MakeMyTrip to acquire Happay Expense Management Platform from CRED
MakeMyTrip on Monday announced that it has signed a Business Transfer Agreement to acquire Happay Expense Management Platform from CRED. The acquisition is in line with MMT's commitment for comprehensive corporate travel and expense management solutions, mentioned the company in a press release.
Happay is a leader in expense management, with robust capabilities in product development, data-driven insights, and scalable solutions that consistently drive value and efficiency for clients.
Under the agreement, Happay brand, its expense management business, and its dedicated team will transition to MakeMyTrip.
«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 transaction is expected to close within the next 90 days. Happay’s team will continue to support the existing client base while working in close partnership with MMT's corporate travel services team.
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