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Ctrip's Tours4fun acquires Indian B2B travel company

Tours4fun, Ctrip.com International Ltd.'s online travel booking business unit, on Feb. 2 purchased India's Travstarz Global Group, expanding into the business-to-business travel market.

Terms were not disclosed.

Travstarz, founded by Pankaj Nagpal and Sucheta Nagpal in 2009, is a business-to-business wholesaler that provides travel services to hotel brands and other destination management companies.

As a result of the acquisition, Travstarz's online platform, TravelerzOnline, and the Chinese subsidiary's e-biz portal, RezB2B, will merge in order for Tours4fun's B2B interests to expand in India and other nearby regions.

RezB2B Global Ltd. CEO Kevin Du said that the retailer planned to acquire more global B2B companies beyond India.