Day: June 20, 2025

MakeMyTrip raises $3.1 billion to cut Chinise firm Trip’s holding

With this, Trip.com’s stake in MakeMyTrip has fallen to 19.99% from 45%, with two directors, down from five. This comes a month after MakeMyTrip faced allegations of endangering the travel data of Indian army personnel due to its Chinese shareholding.

Insurtech firm Renewbuy bags $10 million from Apis, 360 One

Renewbuy has secured $10 million in funding from Apis Partners and 360 One amidst its merger with InsuranceDekho. The funds will support business development until the merger receives regulatory approval. Renewbuy, valued at around $324 million after its last funding round, plans to use the capital to expand operations during this interim period.