EaseMyTrip Shares Soar 4% as Company Secures Strategic Partnership with SpiceJet Airline

10 Jul 2023 , 03:01 PM

Shares of EaseMyTrip witnessed a 4% surge after signing a General Sales Agreement (GSA) with SpiceJet Airline.

Under the GSA, EaseMyTrip will be responsible for selling and promoting SpiceJet’s products and services in India. The agreement aims to expand services in the Indian market and benefit customers by providing easy access to SpiceJet’s offerings.

Nishant Pitti, CEO and Co-Founder of EaseMyTrip expresses excitement about the partnership, envisioning becoming a leader in the air ticketing industry in the next 18 to 24 months.

EaseMyTrip’s extensive network in the travel industry is expected to play a crucial role in boosting SpiceJet’s sales.

The company will utilize its distribution channels and take necessary measures to enhance SpiceJet’s distribution and network.

In a previous partnership, EaseMyTrip joined hands with the World Padel League (WPL) 2023 as the official travel partner.

These collaborations reflect EaseMyTrip’s commitment to expanding its services and solidifying its position in the travel industry.

The alliances are observed closely by investors and industry experts, anticipating further growth and success for EaseMyTrip in the future.

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