Hyatt, Sotheby’s, Digital Garage, American Express and Advance Publications exited experience marketplace IfOnly in an acquistion by fellow investor Mastercard in January.
Payment services firm Mastercard has paid an undisclosed amount to acquire one of its portfolio companies, US-based leisure experience provider IfOnly, in a deal in which several other corporates exited, TechCrunch reported yesterday.
Founded in 2012, IfOnly had built an online marketplace that offered access to exclusive experiences such as premium holidays and meetings with famous people arranged by its partners, with a revenue share going to each partner’s nominated charity.
The company’s business has suffered due to travel restrictions and…
