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Posts Tagged ‘ MakeMyTrip.com ’

Behind a successful entrepreneur is a mentor

Monday, September 5, 2016 | More »

entrepreneur3
A good idea and the zeal to start up is not all that makes successful entrepreneurs. Finding investors doesn’t complete the story either. Having a good mentor to lean on at times when one has more questions than answers, when doubts cast a shadow on the soaring enthusiasm, when one wants to celebr...

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MakeMyTrip hotel bookings jump four-fold in Q1 but losses climb

India’s largest online travel agency MakeMyTrip Ltd has reported 54.5% rise in net revenues (62.6% in constant currency) for the first quarter over the year-ago period powered by sharp jump in hotels & packages bookings. The NASDAQ-listed firm’s net revenues rose to $58.86 million fuelle...

27 July, 2016 | More »

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MakeMyTrip to pick 28% stake in HolidayIQ for $15M

India’s top online travel agency MakeMyTrip will buy around 28 per cent stake in Indian travel community and holidays planning recommendation engine HolidayIQ for $15 million (Rs 95 crore), it said on Wednesday. The transaction, which is scheduled to complete this month, values HolidayIQ at ar...

22 July, 2015 | More »

Inspirock

MakeMyTrip invests in travel planning startup Inspirock; 40% of traffic, 22% of bookings on mobile in Q4

The country’s top online travel agency MakeMyTrip Ltd has acquired 18 per cent stake in Inspirock Inc, an online planning tool for developing customisable itineraries, the company has said. The deal was done through MakeMyTrip’s Innovation Fund, which was formed to invest up to $3 million in...

18 May, 2015 | More »

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MakeMyTrip invests in Simplotel from its Innovation Fund; ups revenue guidance for full FY15

NASDAQ-listed online travel services firm MakeMyTrip (MMT) has picked a small minority stake in Bangalore-based travel tech startup Simplotel Technologies Private Limited (Simplotel) for an undisclosed amount. This is its maiden investment from the recently created Innovation Fund. The firm said it ...

29 January, 2015 | More »

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MakeMyTrip floats $15M innovation fund to back travel-related startups

NASDAQ-listed online travel services firm MakeMyTrip (MMT) has created an innovation fund worth $15 million (around Rs 90 crore), which will seek to invest in early-stage ventures operating in the travel and tourism space, with a focus on mobile and IP-based startups. “This is an additional prong ...

11 September, 2014 | More »

90bids

90bids offers a bid-to-win auction platform for flight & hotel reservations; should OTAs worry?

While large online travel agencies (OTAs) like MakeMyTrip.com and Yatra.com are aggressively expanding their businesses and broadening the services offered by them, a 10-employee technology startup is quietly gearing up in an attempt to eat into their market share- with an auction site for flight ti...

30 May, 2014 | More »

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MakeMyTrip’s Q4 net revenues rise 31% to $28.5M; non-air ticketing unit churn over 40% of revenues

NASDAQ-listed online travel services firm MakeMyTrip (MMT) reported $28.5 million in revenues for the quarter ended March 31, 2014, an increase of 31 per cent over the year-ago period. This growth was led by 43.7 per cent increase in its hotels and packages business while air ticketing unit saw 22.4...

21 May, 2014 | More »

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MakeMyTrip acquires EasyToBook.com Group for about $5M

NASDAQ-listed online travel services firm MakeMyTrip (MMT) has acquired the entire equity interest in a group of companies comprising the EasyToBook.com Group (ETB). The company purchased shares from the existing shareholders of ETB and also invested a further amount into ETB. The total purchase...

7 February, 2014 | More »

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Cleartrip claims gross revenues of around Rs 300Cr a month, eyes break-even by Q3 2013

Cleartrip Travel Services Pvt Ltd, which runs the online travel booking site Cleartrip.com, claims to be doing over 5 lakh transactions a month in India (a round trip is considered to be two transactions, which means the total number of bookings can be anywhere between 2.5 lakh and 5 lakh since some...

28 March, 2013 | More »

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