EaseMyTrip enters into a strategic partnership with Zoomcar

About the partnership

EaseMyTrip and Zoomcar have entered into strategic partnership to offer customers unparalleled convenience in their travel arrangements. With this partnership, Zoomcar’s wide range of self-drive cars have been seamlessly integrated into the EaseMyTrip platform, allowing users to book their preferred Zoomcar directly from the EaseMyTrip app offering travelers convenience and flexibility in planning their journeys.

EaseMyTrip users will now have access to Zoomcar’s extensive fleet of 25,000+ cars, spanning a diverse range of models from hatchbacks to sedans to SUVs like Kia Carens, Hyundai Creta, Tata Nexon, MG Astor & more. This integration enables travelers to effortlessly pre-book and on-demand self-drive Zoomcars alongside their flights, hotels, and other travel arrangements, all through a single user-friendly platform.

The partnership between EaseMyTrip and Zoomcar marks a significant milestone in the evolution of travel services available in India. By aligning the companies’ expertise and resources, the partnership will offer customers a hassle-free, integrated platform catering to every stage of travel. As the Indian government works to enhance road connectivity and infrastructure across the nation, this partnership becomes even more significant as it will allow customers to easily and affordably rent self-drive vehicles directly within the EaseMyTrip platform. By providing a wide array of services on one streamlined platform, this alliance contributes to the broader vision of promoting travel experiences and boosting tourism in India.

Company profile

Established in 2008, EaseMyTrip is India’s one of largest online travel platforms in terms of air ticket bookings. EaseMyTrip offers ‘End to End’ travel solutions including air tickets, hotels and holiday packages, rail & bus tickets as well as ancillary value-added services. EaseMyTrip provides its users with access to more than 400 international and domestic airlines, over 2+ million hotels as well as train/bus tickets and taxi rentals for major cities in India.

Stock price movement

Today, the stock of EaseMyTrip opened at Rs 44.23 and has touched a high and low of Rs 44.88 and Rs 43.50 respectively. The BSE group ‘A’ stock of face value Rs 1 has a 52-week high and low of Rs 54.00 and Rs 37.01, respectively. Last one week high and low of the scrip stood at Rs 46.50 and Rs 40.90 respectively. The current market cap of the company is Rs 7,720.78 crore.

The promoters holding in the company stood at 64.30%, while Institutions and Non-Institutions held 4.54% and 31.16% respectively.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.