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Wings Travel acquires Bookmycab; international expansion planned

Eight months after Bookmycab got a license to operate in Delhi NCR, it has been acquired by Pune based cab provider Wings Travels for an undisclosed amount, reports ET. Wings plans to expand its business to 47 new cities in India, Myanmar, Thailand, Vietnam and Sri Lanka, according to the report, and strengthen its technology with this acquisition. The combined entity will be called Wings Bookmycab, and will bring on board Bookmycab’s investors YourNest Angel Fund and Contrarian Drishti Partners as investors in Wings. Bookmycab was apparently exploring acquisition options with Jugnoo, which raised about $10 million in funding from Paytm in November 2015, but the deal did not go through. ET adds that Wings Travel provides transport for 10 lakh employees across 9 cities. Wings Travels has several brands under its company: Wings Radio Cabs, Wings Premium and Ultra (luxury cars), Economy, Sakhi (driven by women, for women passengers), Ekab rentals, Bus Pool, Talk of the town, a quarterly magazine, Lanna Wellness, a spa in Pune, Bangalore and Hyderabad and Wings Rainbow, a radio taxi service for the Lesbian Gay Bisexual Transgender (LGBT) community in Mumbai, which will start operations next year. In July 2015, Bookmycab’s Delhi NCR license lets it operate as an aggregator in the region. At that time, it claimed to have a license from Maharashtra government to provide cab services over phone or app and operated in Mumbai, Kolkata, Delhi-NCR and Hyderabad. It had plans to expand to Chennai, Bangalore and Pune. Funding and acquisition: In…

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I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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