New Delhi, July 23 Online travel company MakeMyTrip on Wednesday said it has acquired a minority stake in holiday recommendation engine HolidayIQ for $15 million. "HolidayIQ operates in a very exciting space in the Indian online travel market. Their pace and appetite for innovation matches ours, and we see great synergy in our focus on hotels and mobile. The opportunity to drive scale jointly is fairly significant," MakeMyTrip founder and CEO Deep Kalra said in a statement. The transaction will empower both companies to swiftly scale up hotel content and reviews, the statement added. HolidayIQ plans to utilise the fund for fortifying content, mobile and product innovation. HolidayIQ currently has a million holiday reviews from Indian customers, the statement added.