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Pi Ventures hits first close of maiden fund; MakeMyTrip, Flipkart co-founders invest

Tuesday, March 7, 2017 | More »

pi Ventures founding partners Manish Singhal,  Umakant Soni
Early-stage venture fund pi Ventures has announced the first close of its maiden fund at $13 million, with technology entrepreneurs such as former Infosys CFO and Aarin Capital chairman TV Mohandas Pai, Flipkart’s Binny Bansal, MakeMyTrip’s Deep Kalra and Info Edge’s Sanjeev Bikcha...


MakeMyTrip net revenue jumps 81%, adjusted net loss narrows

MakeMyTrip Ltd, India’s largest online travel services firm, posted an adjusted net loss of $5.9 million in the third quarter, an improvement over the $14.8-million adjusted net loss in the same quarter of the previous fiscal. The NASDAQ-listed company said on Tuesday its revenue less service cost...

31 January, 2017 | More »


Competition Commission of India clears MakeMyTrip-ibibo merger

The proposed merger of online travel agencies MakeMyTrip Ltd and ibibo Group has inched closer to completion with the Competition Commission of India approving the transaction. MakeMyTrip received a letter from the anti-trust watchdog clearing the merger on Friday, the NASDAQ-listed company said in ...

20 January, 2017 | More »


MakeMyTrip chairman Deep Kalra urges India’s startup community to come together

Deep Kalra, chairman of India’s largest online travel services firm MakeMyTrip Ltd, has emphasised that the Internet companies need to have a consensus on policies, practices, and standards. “There is an urgent need for the industry to come together and have a cohesive voice. On a single iss...

28 December, 2016 | More »


MakeMyTrip Q2 revenue rises 27%, loss triples

MakeMyTrip Ltd, India’s largest online travel services firm, on Wednesday reported a 27% rise in revenue for the second quarter thanks to strong growth in both air ticketing and hotel booking businesses. The NASDAQ-listed company said revenue for the quarter through September increased to $83.1 mi...

26 October, 2016 | More »


MakeMyTrip, goibibo and redBus brands will co-exist, says Ashish Kashyap

In February 2000, MakeMyTrip founder Deep Kalra walked out of eVentures’ office near Churchgate station in Mumbai as he was not happy with the valuation that Neeraj Bhargava, managing partner of eVentures India, offered his startup. But on his way to the airport, Kalra had a second thought. He pic...

20 October, 2016 | More »


Online travel portals MakeMyTrip and ibibo to merge

In the biggest consolidation move in the online travel agency (OTA) space in India, NASDAQ-listed MakeMyTrip Ltd has agreed to buy ibibo Group, which is co-owned by South African technology group Naspers Ltd and Chinese investment firm Tencent, in a stock deal. Naspers and Tencent, which own 91% and...

18 October, 2016 | More »

Deep Kalra

VCC@10: Entrepreneurship risks have reduced, but startup mortality rate rising

India’s startup ecosystem has transformed over the past decade. In this column, part of VCCircle’s 10th anniversary celebrations, MakeMyTrip co-founder Deep Kalra talks about the changes he has noticed. India’s entrepreneurial ecosystem has matured in the last 10 years. Many well-paid ...

4 December, 2015 | More »

Deep kalra

Next wave will come from niche play and not from generic OTAs: Deep Kalra of MakeMyTrip

MakeMyTrip is now 12 years old, having pivoted in 2005 from being an online travel agency (OTA) focused on US-based NRIs to take the first step and eventually emerge as the largest player in the mature Indian OTA business. It was also the time when the Indian air travel market saw its early set of [...

1 November, 2012 | More »

Deep kalra

Deep Kalra on three areas in MakeMyTrip’s focus for acquisitions

NASDAQ-listed Indian OTA MakeMyTrip is exploring three broad verticals for inorganic expansion to grow its business and is looking to use much of the funds raised in the recent past to bankroll the acquisitions, its founder & CEO Deep Kalra told Techcircle.in in an exclusive interaction (watch v...

16 October, 2012 | More »

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