Another acquisition by EaseMyTrip. We need to appreciate the fact that the management has walked the talk. In their interviews and Concall in Q2 they had said that would acquire number of small companies in the non air segment and they have been doing that. This is the 3rd company that they have acquired in the last few months. This will not only increase competition on its competitors, whose major source of revenue comes from non-air segment but also decrease the company’s dependency on Air segment.
Whether these succeed or not, only time will tell, but I do have some confidence on the management’s commentary and promises. Will look to increase my allocation from 2% to 3%.