EaseMyTrip to acquire 49% paid-up share capital of Planet Education Australia

Ace News

16th Nov 2024

Easy Trip Planners (EaseMyTrip) has received approval from board of directors for acquisition of Planet Education Australia Pty, an Australia-based comprehensive education services provider, making a strategic investment of 49% paid-up share capital. This strategic investment marks EaseMyTrip's entry into the international study tourism and strengthens its position in the tourism industry.

This acquisition aligns with EaseMyTrip's vision to expand its service offerings and create a more comprehensive travel ecosystem for its customers while tapping into study tourism. It will enable EaseMyTrip to foray into another tourism sector and leverage Planet Education's extensive experience in international education services and its strong presence. In return, Planet Education will have access to EaseMyTrip's vast customer base, B2B agents’ network and tech capabilities.

The acquisition creates a unique synergy between EaseMyTrip's strong online presence, customer base and tech infrastructure and Planet Education's operational excellence in education services. Through this strategic alliance, EaseMyTrip will leverage Planet Education's network of 350+ universities across Australia, USA, UK, Canada, Singapore, Ireland, and New Zealand. 

This strategic acquisition reinforces EaseMyTrip's commitment to expanding its service offerings and strengthening its position as a comprehensive solutions provider. The company continues to focus on strategic investments and partnerships that enhance value for its customers and stakeholders. The Board of Directors at their meeting held on November 15, 2024, has considered and approved the same.

Easy Trip Planners is the second largest online travel agency in India in terms of gross revenue.