lastminute.com company profile

Lastminute.com is an online travel agency and e-tailer

specialists in flights, hotels, cars and holidays at the last minute

for great value deals go to Lastminute.com

The British Online Booking Company is an online travel company and e-retailer

Specialized in last minute arrangements for flights, hotels, cars and holidays

British online travel giant Lastminute.com Group has acquired Indian travel website HolidayIQ for an undisclosed sum. Lastminute Group, now known as LM Holding, disclosed the deal on Friday.

The acquisition adds to Lastminute.com's existing user-generated content business and leverages the strong local brand HolidayIQ to grow the group's business in fast-growing markets such as India.

The companies completed the deal in January. HolidayIQ is considered the Tripadvisor of Indian travel industry. Its investors include Tiger Global Management, Accel and MakeMyTrip. Crunchbase estimates it has raised $20 million in two funding rounds.

According to the Linkedin recruitment website, Hari Nair, the founder of HolidayIQ, has left the company, and his profile page shows that his status is "exploring new plans." In its full-year report released in March, Lastminute.com net profit increased 181% to a total of $25.6 million (€23.6 million), while revenue increased by 20% to a total of $366.2 million (€337.8 million). .

Lastminute.com Group is not only making acquisitions, speculation since the beginning of the year has suggested that the company is also willing to sell some shares, with Italian newspaper Il Sole 24 Ore reporting that private equity fund Triton may be interested in the company. Its interested.