MakeMyTrip Acquires Majority Stake in Leading Regional Tour Operator, Flamingo Transworld, to Strengthen its Holiday Packages Business

MakeMyTrip, India’s leading online travel company, today announced that it has entered into an agreement to acquire a majority stake in Flamingo Transworld, one of India’s leading regional tour operators, subject to the fulfilment of certain closing conditions.

Announcement Date:
March 5, 2026

Deal:
MakeMyTrip (NASDAQ: MMYT) has agreed to acquire a majority stake in Flamingo Transworld, subject to closing conditions.

About Flamingo:
- Operating for 30+ years.
- Strong presence in Gujarat, Maharashtra, Rajasthan, and Madhya Pradesh.
- Known for curated group tours with Indian meals (vegetarian/Jain options), regional language tour managers, and chef-led experiences.
- Runs 51 offices across these states.

Strategic Fit:
- Complements MakeMyTrip’s Holiday Packages business.
- Expands reach into regional markets.
- Leverages Flamingo’s customer trust and operational depth with MakeMyTrip’s digital platform.

Leadership Comments:
- Rajesh Magow (Co-Founder & Group CEO, MMT): Flamingo strengthens their holiday packages strategy and widens options for customers.
- Mohit Kabra (Group COO, MMT): Acquisition creates profitable growth opportunities in regional markets.
- Sanjay Shah (Director & Co-Founder, Flamingo): Partnership combines Flamingo’s brand equity with MMT’s national reach to build a pan-India tour company.

Context:
- MakeMyTrip has been steadily expanding through acquisitions (QuestToTravel, Simplotel, BookMyForex, Savaari, Happay).
- This move reinforces MMT’s position as a full-stack travel services platform.

This acquisition signals MakeMyTrip’s intent to dominate the group holiday packages segment by blending Flamingo’s regional expertise with its own national and digital scale.