Hotline: 1800 102 2007
X
Search Business Opportunities
Sep, 10 2018

Zomato likely to get $100m from China's Ctrip

Ctrip is in talks to invest around $100 million in online restaurant discovery and food-delivery platform Zomato.

Ctrip, China's largest travel-booking site, is in talks to invest around $100 million in online restaurant discovery and food-delivery platform Zomato.

The Nasdaq-listed Ctrip, Ant Financial (an Alibaba affiliate) and a couple of backers are likely to invest around $400 million, valuing the Gurgaon-based firm at $1.8-2 billion.

A person privy to the discussions said, "The discussions with Ctrip are in the last leg, with only the final amount yet to be decided. It is likely to be around $100 million. While the investment is purely financial, the two companies may explore synergies, which will be more strategic in nature going forward."

Having a market capitalisation of over $20 billion, Ctrip’s deal with Zomato will be significant as the company will invest first-time outside of travel services. Ctrip is ranked among the top four online travel agencies worldwide.

Two years ago, Ctrip had acquired Scottish travel site Skyscanner for $1.7 billion. The company also owns Tours4Fun, travel research site Trip.com and Trip by Skyscanner.

The deal will also be a significant move for the Gurgaon-based firm as it attempts to expand and grow aggressively in international markets.

Comment
image
Related opportunities
  • Casual dine Restaurants
    About Us: Zaiqa-E-Hyderabad is amongst the new breed of restaurants that..
    Locations looking for expansion Andhra pradesh
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Hyderabad Andhra pradesh
  • Chocolate Stores
    About Us: Choco Wanka does handcrafted made chocolates with as many..
    Locations looking for expansion Karnataka
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 2lac - 5lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bengaluru Karnataka
  • Designer
    About Us: Established in 1990, Catwalk Worldwide Private Limited is India’s..
    Locations looking for expansion Delhi
    Establishment year 1990
    Franchising Launch Date 2015
    Investment size Rs. 5lac - 10lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Us: Chaat Ok Please is brought to you by Black..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 5lac - 10lac
    Space required 50
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities