[Funding alert] EaseMyTrip Expands Portfolio with Strategic Investment in Eco Hotels and Resorts Limited (Eco Hotels)

EaseMyTrip.com, one of India’s largest online tech travel platforms, has recently secured a non-controlling approximately 13% stake in Eco Hotels and Resorts Limited, a BSE listed entity.

Eco Hotels and Resorts Limited operates in the hotel and hospitality industry, aligning well with EaseMyTrip's commitment to diversify its portfolio. The primary objective of this strategic investment is to acquire a minority interest and promote environmentally friendly practices within the hospitality sector. It may be mentioned here that all the hotels operated by Eco Hotels will be carbon net zero hotels.

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Nishant Pitti, Co- Founder and CEO of EaseMyTrip, said: "We are thrilled to announce our association and strategic decision to invest in the stake in Eco Hotels and Resorts Limited, reflecting EaseMyTrip's commitment to sustainable and responsible business practices. Our choice to invest in stakes aligns with our vision to contribute positively to the growth of eco-friendly and green hotels. This investment marks another milestone in our journey to diversify our portfolio and enhance the travel experiences we offer to our customers. By fostering environmentally conscious initiatives, we aim to shape the future of the travel and hospitality industry positively."

The two businesses may be able to create synergy due to this affiliation. The two businesses are discussing potential areas of collaboration. In addition to operating hotels, ECO HOTELS may conduct air and non-air business, primarily for its clientele on the EaseMyTrip.com platform and its affiliated businesses.

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V K Tripathi Executive Chairman of Eco Hotels and Resorts Ltd. said, “With an unwavering commitment to redefine India's hospitality landscape, we embark on a mission driven by sustainability, cutting-edge construction technology, and bold expansion strategies. Thisis not just a business decision; it's a calculative move towards expanding our horizons and presenting guests with an elevated, ecoconscious, and luxurious experience that aligns seamlessly with our commitment to a greener and more sustainable future. This strategic association between EaseMyTrip.com and Eco Hotels and Resorts Limited may turn out to be a game changer as such a synergy is hardly seen in the hospitality sector”

About EaseMyTrip

EaseMyTrip is an online travel platform in terms of air ticket bookings. Bootstrapped and profitable since its inception, EaseMyTrip offers 'End to End' travel solutions including air tickets, hotels, and holiday packages, rail & bus tickets as well as ancillary value-added services.

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EaseMyTrip offers its users the option of zero convenience fees during bookings. EaseMyTrip provides its users access to more than 400 international and domestic airlines, over 2+ million hotels, train/bus tickets, and taxi rentals for major cities in India. Founded in 2008, EaseMyTrip has offices across various Indian cities, including Noida, Delhi and Gurugram, Bengaluru, and Mumbai. Its international offices (as subsidiary companies) are in the Philippines, Singapore, Thailand, the UAE, the UK, the USA and New Zealand.

About Eco Hotels and Resorts Limited

Eco Hotels and Resorts Limited, is a BSE listed company promoted by Eco Hotels UK PLC. Eco Hotels’ objective is to become a leading owner, developer, and asset manager of three-star premium and economy brands in the BRICS and N11 economies, with India being the first target market, where the opportunity for growth is the greatest.

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