MakeMyTrip to acquire Happay Expense Management Platform, terms undisclosed

MakeMyTrip (MMYT) announced that it has signed a business transfer agreement to acquire Happay Expense Management Platform from CRED. This acquisition reinforces MakeMyTrip’s commitment to becoming the go-to platform for comprehensive corporate travel and expense management solutions. Under the agreement, Happay brand, its expense management business, and its dedicated team will transition to MakeMyTrip. The transaction is expected to close within the next 90 days, subject to closing conditions. Happay’s team will continue to support the existing client base while working in close partnership with MakeMyTrip’s corporate travel services team. Happay’s payments business and team, which has focused on developing an innovative technology stack and business payments products, will remain with CRED. Most recently, this vertical launched a B2B payments solutions on Bharat Connect in partnership with NPCI.