Naspers Invests $250mn in ibibo

The investment will be focussed on extending ibibo’s leadership position in the Indian hotels category and on additional technology innovations. Ibibo processed more than 6.5m transactions for the period October to December (Q3) 2015.Goibibo hotel bookings surpassed 1.6m room nights during Q3, up 400% YOY.

ibiboGroup Picks Up Minority Stake In Hotels Solutions Provider Djubo

Djubo provides hotels with a reservation platform, mobile friendly website templates and makes it easier for them to integrate with online travel aggregators. A significant portion of the investment will be put into product development. Djubo wants to service 2,000 hotels in the next 12 months.

Goibibo launches goCash; An E-wallet

Goibibo has launched goCash, a virtual currency that will allow customers to get instant refund from cancellations and use it instantly to make another booking across all the travel services available on the portal.