MakeMyTrip to Buy Majority Stake in Flamingo Transworld

MakeMyTrip Limited plans to acquire a majority stake in Flamingo Transworld, a leading regional tour operator in India, to strengthen its Holiday Packages business.

Rhea-AI Filing Summary

MakeMyTrip Limited plans to acquire a majority stake in Flamingo Transworld, a leading regional tour operator in India, to strengthen its Holiday Packages business. The agreement is subject to certain closing conditions.

Flamingo has built a strong presence over three decades in Gujarat, Maharashtra, Rajasthan and Madhya Pradesh through curated group tours, vegetarian and Jain-friendly meals, regional-language tour managers and broad domestic and international itineraries. These offerings, currently sold largely through 51 regional offices, are expected to complement MakeMyTrip’s existing holiday packages and help the brand reach deeper into India’s regional markets.

MakeMyTrip’s leadership describes Flamingo as a strong, growing business with a distinct position in group travel. They intend to combine Flamingo’s brand equity and operational depth with MakeMyTrip’s digital platform and national reach to create a broader, pan-India tour offering. The company notes this deal follows a series of targeted acquisitions across corporate travel, hotel technology, forex, intercity mobility and corporate spend management aimed at building a full-stack travel services platform.

Insights

Travel sector M&A analyst

MakeMyTrip deepens regional and group travel reach via Flamingo deal.

MakeMyTrip is expanding its holiday packages business by agreeing to acquire a majority stake in Flamingo Transworld, a long-established regional tour operator with strong roots in Gujarat, Maharashtra, Rajasthan and Madhya Pradesh. Management highlights Flamingo’s curated group tours, vegetarian/Jain-focused meals and regional-language tour managers as key differentiators.

The strategic logic centers on combining Flamingo’s offline regional strength and brand trust with MakeMyTrip’s digital platform and national customer base. This fits a broader pattern of targeted acquisitions in corporate travel, hotel tech, forex, intercity mobility and spend management meant to build a full-stack travel ecosystem across leisure and corporate segments.

Execution will depend on closing conditions, integrating operations and preserving Flamingo’s regional identity while scaling through MakeMyTrip’s technology and reach. Subsequent company communications and periodic reports may clarify financial contribution and integration progress once the transaction closes and begins affecting reported results.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What acquisition did MakeMyTrip (MMYT) announce involving Flamingo Transworld?

MakeMyTrip announced an agreement to acquire a majority stake in Flamingo Transworld. Flamingo is a leading regional tour operator in India focused on curated group tours, and the deal is intended to strengthen MakeMyTrip’s Holiday Packages business, subject to fulfillment of specified closing conditions.

How will Flamingo Transworld complement MakeMyTrip’s holiday packages business?

Flamingo brings three decades of experience in regional group tours across Gujarat, Maharashtra, Rajasthan and Madhya Pradesh. Its chef-led Indian vegetarian/Jain-friendly meals, regional-language tour managers and extensive itineraries are expected to enhance MakeMyTrip’s existing holiday packages and deepen penetration into regional markets across India.

Which regions does Flamingo Transworld primarily serve that interest MakeMyTrip (MMYT)?

Flamingo Transworld has built strong affinity in Gujarat, Maharashtra, Rajasthan and Madhya Pradesh. It operates 51 offices across these states, selling popular domestic and international group travel packages that MakeMyTrip expects will help expand its reach into regional markets beyond its existing national online platform.

What did MakeMyTrip’s management say about the strategic fit of Flamingo Transworld?

Management described Flamingo as a strong, growing business with a unique position in group travel. They plan to leverage complementary customer bases, products and distribution to widen holiday package options, combining Flamingo’s brand equity and operational depth with MakeMyTrip’s digital capabilities and national customer reach.

Is the MakeMyTrip–Flamingo Transworld acquisition already completed?

No, MakeMyTrip stated it has entered into an agreement to acquire a majority stake, and completion remains subject to certain closing conditions. The transaction is therefore at the agreement stage, with final closing dependent on those conditions being satisfied before integration and financial impact can follow.

How does the Flamingo deal fit into MakeMyTrip’s broader acquisition strategy?

MakeMyTrip highlighted a calibrated inorganic strategy, citing prior deals in corporate travel (Quest2Travel), hotel tech (Simplotel), travel forex (BookMyForex), intercity mobility (Savaari) and corporate spend (Happay). The Flamingo acquisition is expected to further strengthen this full-stack travel services platform across leisure and corporate segments.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/05/2026 - 06:35 AM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of 1934

For the month of March 2026

Commission File Number 001-34837

MAKEMYTRIP LIMITED

(Exact name of registrant as specified in its charter)

Not Applicable

(Translation of registrant’s name into English)

Mauritius

(Jurisdiction of incorporation or organization of registrant)

19th Floor, Building No. 5

DLF Cyber City

Gurugram, 122002, India

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

MakeMyTrip Announces Proposed Acquisition of Majority Stake in Leading Regional Tour Operator, Flamingo Transworld, to Strengthen its Holiday Packages Business

On March 05, 2026, MakeMyTrip Limited (the “Company”) issued a press release announcing its proposed acquisition of a majority stake in leading regional tour operator, Flamingo Transworld, to strengthen its Holiday Packages Business. A copy of the press release dated March 05, 2026 is attached hereto as Exhibit 99.1.

Exhibit

99.1 Press release, dated March 05, 2026.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, there under duly authorized.

Date: March 05, 2026

MAKEMYTRIP LIMITED
By:		/s/ Rajesh Magow
Name:		Rajesh Magow
Title:		Group Chief Executive Officer

EXHIBIT INDEX

99.1 Press release, dated March 05, 2026.

Exhibit 99.1

For immediate release

MakeMyTrip Acquires Majority Stake in Leading Regional Tour Operator, Flamingo Transworld, to Strengthen its Holiday Packages Business

Gurugram, March 5, 2026 — MakeMyTrip (NASDAQ: MMYT), India’s leading online travel company, today announced that it has entered into an agreement to acquire a majority stake in Flamingo Transworld, one of India’s leading regional tour operators, subject to the fulfillment of certain closing conditions. Over the last 30 years of its operations, Flamingo has created a strong affinity in the regional markets of Gujarat, Maharashtra, Rajasthan and Madhya Pradesh with its group tour services. These tours are curated to make holidays a memorable experience and are particularly popular for having curated selection of Indian meals made by on-tour chefs or verified Indian vegetarian/Jain kitchens, in-house tour managers fluent in regional languages and extensive coverage of popular attractions and experiences for domestic and international tourists.

Flamingo's popular international and domestic group travel packages, which are currently sold largely through 51 offices across Gujarat, Maharashtra, Rajasthan and Madhya Pradesh, will complement MakeMyTrip's established Holiday Packages business and help the platform penetrate deeper into markets across India.

Commenting on the acquisition, Rajesh Magow, Co-Founder and Group CEO, MakeMyTrip, said, “Flamingo aligns closely with the growth strategy of our Holiday Packages business. It is a strong, growing business that has developed a unique moat in the group travel domain. We plan to leverage the complementary customer base, products and distribution focus between the two brands to widen holiday package options for our customers.”

Mohit Kabra, Group Chief Operating Officer, MakeMyTrip, said, “We believe that our proposed acquisition of Flamingo creates a profitable growth opportunity to help MakeMyTrip drive a deeper presence in regional markets across India.”

Commenting on this, Sanjay Shah, Director and Co-Founder of Flamingo Transworld, said, “For over three decades, Flamingo has built something unique in Indian travel, genuine trust. From chef-led tours to regional language guides, the brand has grown by going deeper. By combining Flamingo’s brand equity and operational depth with MakeMyTrip’s digital platform and national customer reach, we aim to build a truly pan-India tour company that brings Flamingo’s signature experience to millions of new customers.”

MakeMyTrip has taken a calibrated approach to inorganic growth, steadily strengthening its presence across key travel segments. Recent strategic acquisitions, including Quest2Travel in corporate travel bookings, Simplotel in hotel technology, BookMyForex in travel forex, Savaari in intercity mobility and Happay in corporate spend management, have expanded its capabilities across leisure, corporate and ancillary travel. These moves have enhanced supply integration, cross-sell potential, and end-to-end control across the connected trip journey, reinforcing MakeMyTrip's position as a full-stack travel services platform. We expect our proposed acquisition of Flamingo to further contribute to this growth.

Safe Harbor Statement

This release contains certain statements concerning the Company’s future growth prospects and forward-looking statements, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the Company’s current expectations, assumptions, estimates and projections about the Company and its industry. These forward-looking statements are subject to various risks and uncertainties. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “aim”, “anticipate”, “believe”, “continue”, “estimate”, “expect”, “is/are likely to”, “intend”, “may”, “potential”, “plan”, “project”, “should”, “seek”, “will”, or other similar expressions. Such statements include, among other things, quotations from management as well as the Company’s strategic and operational plans. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward looking statement. Potential risks and uncertainties include, but are not limited to, a slow-down of economic growth in India and the global economic downturn, general declines or disruptions in the travel industry, volatility in the trading price of the Company’s shares, the Company’s reliance on its relationships with travel suppliers and strategic alliances, failure to further increase the Company’s brand recognition to obtain new business partners and consumers, failure to compete against new and existing competitors, failure to successfully manage current growth and potential future growth, risks associated with any strategic investments or acquisitions, seasonality in the travel industry in India and overseas, failure to successfully develop the Company’s corporate travel business, damage to or failure of the Company’s infrastructure and technology, loss of services of the Company’s key executives, and inflation in India and in other countries. These and other factors are more fully discussed in the “Risk

Factors” section of the Company’s 20-F dated June 16, 2025, filed with the United States Securities and Exchange Commission. All information provided in this release is provided as of the date of issuance of this release, and we do not undertake any obligation to update any forward-looking statement, except as required under applicable law.

About MakeMyTrip Limited

We own and operate well-recognized online travel brands, including MakeMyTrip, Goibibo and redBus. Through our primary websites, www.makemytrip.com, www.goibibo.com and www.redbus.in, and mobile platforms, travelers can research, plan and book a wide range of travel services and products in India and overseas. Our services include air ticketing, hotel and alternative accommodations bookings, holiday planning and packaging, bus ticketing, rail ticketing, car hire, activities and experiences, and ancillary travel requirements such as facilitating access to third-party travel insurance, forex services and visa processing. We provide our customers with access to all major domestic full-service and low-cost airlines operating in India and all major airlines operating to and from India, a comprehensive set of domestic accommodation properties in India and a wide selection of properties outside of India, tickets for Indian Railways and bus services operated through all major Indian bus operators.

For more details, please contact:

Vipul Garg

Senior Vice President - Investor Relations

MakeMyTrip Limited

Vipul.garg@go-mmt.com

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Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EX-99.1 18.7 KB