Easy Trip acquires 55% stake in cheQin through primary route

Mumbai: Easy Trip Planners Ltd, which operates EaseMyTrip.com, said on Tuesday it has acquired a 55% stake in cheQin for an undisclosed sum through the primary route.

Through cheQin, travelers can negotiate with hoteliers in real time. The company encourages travelers to pay directly at the hotel and maintains a customer-centric approach that allows them to stay in the most cost-effective hotels, transforming the entire hotel booking experience. On the other hand, the company uses the “cheQin” application to give hoteliers access to real-time booking requests, as well as the ability to manage their own bookings, Easy Trip said in an exchange filing.

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cheQin now has over 60,000 top-rated properties, including 3-, 4- and 5-star hotels, private accommodations, vacation rentals, beach resorts and low-cost rooms. Travelers can easily access these properties through the web and apps for Android and iOS. More than 5,000 hotels in Singapore, Thailand, Indonesia, Vietnam, Malaysia, and the United Arab Emirates have recently signed agreements and formed relationships with cheQin.

With this acquisition, EaseMyTrip is now in a strong position to offer its customers a diverse range of innovative hotel booking options at the most competitive prices. Customers can benefit from booking hotel rooms for large groups, extended stays and last-minute bookings. CheQin will gain access to EaseMyTrip’s extensive network of 45,000+ travel agents and 11+ million customers as a result of this acquisition.

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“EaseMyTrip is focused on the growth of its non-air segments. This acquisition is a step towards completely revolutionizing the hotel business. Through cheQin, which is a unique app in the hotel industry, EaseMyTrip will diversify its hotel booking experience through technology support. We believe strongly that cheQin offers unmatched options in all segments and has the potential to scale and strengthen cross-sell,” said Nishant Pitti, CEO and co-founder of EaseMyTrip.

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“The robust negotiation algorithm of cheQin would attract a ton of customers in no time. We truly believe that cheQin can do wonders for last-minute, bulk, long-term and short-term bookings. We expect to strengthen the market in the coming years, thanks to our Partnership with EaseMyTrip,” said Venu G Somineni, founder CheQin.

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