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Yatra Takes Over mGaadi

Good Move, Yatra!

Yatra’s Story of Acquisition

Founded in the year 2012 by Solomon JP and Vishy Kuruganti, mGaadi is a Bangaluru-based auto-rickshaw aggregator. Basically, it is an app-based (Android, iOS, Windows Phone) commuting service from India Drivers Network. Recently, Gurgaon-based Yatra.com acquires this social enterprise. The acquisition deal claims mGaadi’s employee transportation platform, Cartr along with other technologies will be integrated into Yatra’s products. However, the deal amount still remains undisclosed.

You can request your mGaadi via smartphone apps or the web. Around 13K drivers are a part of network. In January 2016, Yatra acquired as well as hired Mumbai-based Travel-logs that specializes in organizing customized city walks and private tours.

Blog Story

As per a recent post by co-founder Vishy on mGaadi’s blog, “In mid-May, after a series of exciting conversations and meetings with Yatra CXOs, the terms of the acquisition were finalised.” He further wrote “On Jun 10, we signed a definitive agreement to be acquired by Yatra.”

Takeaways:-

  • Founded in the year 2012 by Solomon JP and Vishy Kuruganti, mGaadi is a Bangaluru-based auto-rickshaw aggregator.
  • The acquisition deal claims mGaadi’s employee transportation platform, Cartr along with other technologies will be integrated into Yatra’s products. However, the deal amount still remains undisclosed.
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Startup-buzz Team is a collaborative group of entrepreneurs, researchers, writers and experienced professionals. Tied up together to bring the latest Startup Buzz going around the globe.

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