Corporate software and e-commerce services provider Ebix has agreed to acquire India online travel agency and corporate travel services provider Yatra Online in a stock transaction valued at $338 million. Under the pact, Yatra will become part of the EbixCash financial exchange and travel services portfolio, which also includes India OTA and booking portal Via.com. Yatra will continue to serve customers under its existing brand. The transaction will create what the companies called "India's largest and most profitable travel services company," poised to capture "significant international growth opportunities." The companies identified synergies and cross-selling opportunities, which should benefit the combined entity as EbixCash prepares for an IPO in mid-2020. The combined entity will be India's largest end-to-end travel industry provider, the companies said, offering distribution; travel insurance; foreign exchange; meetings, incentive, conferences and incentives; travel visa; and travel technology services.