On Wednesday, online travel service provider Easy Trip Planners Ltd said it would acquire a 55% stake in online travel firm Glegoo Innovations Pvt Ltd for Rs 3 crore.

Easy Trip Planners, which operates under the EaseMyTrip brand, said in a regulatory filing that it signed a share purchase agreement with Glegoo Innovations Pvt Ltd on January 24, 2023.

It added that the company’s board of directors had considered and approved the acquisition. It also added that Glegoo would add a new revenue vertical to the company and enable it to expand its business in online travel and travel-related services.

Glegoo is registered with the Registrar of Companies in Vijayawada to engage in online travel and travel-related services, the company said.