Naspers originally incubated online travel services provider Ibibo, which is also backed by Tencent, in 2007.
E-commerce and media firm Naspers agreed on Wednesday to invest $250m in India-based online travel booking platform Ibibo Group.
Incubated by South Africa-based Naspers in 2007, Ibibo has used a series of acquisitions to build a diversified travel booking service that encompasses bus, hotel and flight booking as well as ride sharing and vehicle tracking.
Ibibo processed more than 6.5 million transactions in the fourth quarter of 2015 and claims to be India’s largest online travel company. The investment will…
