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…
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