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Posts Tagged ‘ MakeMyTrip Ltd. ’

MakeMyTrip Q2 revenue rises 27%, loss triples

Wednesday, October 26, 2016 | More »

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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...

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Exclusive: Yatra.com to issue small stake to Reliance

Yatra.com, one of India’s top online travel agencies (OTAs) that is set to get listed on NASDAQ through a reverse merger, will issue a small equity stake to Reliance Industries Ltd as part of a business arrangement, a person privy to the development told Techcircle. The proposed deal is linked to ...

24 October, 2016 | More »

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Naspers: Master of consolidation in Indian Internet business

Consolidation is not an unfamiliar word for new-age Internet businesses. It signals a maturing of the industry after a burst of innovation backed by venture capital money. If the roughly decade-old history of Indian Internet industry is scanned, the real take-off with consumer adoption started only ...

20 October, 2016 | More »

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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 »

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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 net loss widens in Q3, revenue up 3.5%

India’s largest online travel agency MakeMyTrip Ltd has reported 3.5 per cent rise (9.7 per cent in constant currency) in net revenue for the three months ended December 31, 2015 to $36.3 million from $35.1 million recorded in corresponding year-ago quarter. Growth was led by the NASDAQ-listed fir...

28 January, 2016 | More »

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MakeMyTrip appoints Deepak Tuli as senior vice president

India’s top online travel company MakeMyTrip has hired Deepak Tuli, COO of rival Goibibo, as senior vice president (growth business). Tuli will focus on building and implementing strategies for growing new business lines in the accommodation segment for the company. Notably, MakeMyTrip has jus...

19 November, 2015 | More »

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MakeMyTrip unveils budget hotel brand ‘Value+’

A fortnight after it blocked budget aggregators OYO Rooms and Zo Rooms on its platform, online travel agency MakeMyTrip Ltd has come out with its version of budget hotel rooms, branded ‘Value+’. It has already aggregated around 1,000 hotels under Value+. Hotels listed under Value+ will o...

13 November, 2015 | More »

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Exclusive: MakeMytrip CTO Sharat Singh joins Flipkart

The country’s largest e-commerce venture Flipkart has appointed MakeMyTrip’s chief technology officer Sharat Singh as vice president of engineering. Singh quit MakeMyTrip on October 9 after heading the online travel agency’s technology practice for 15 months. A spokesperson for Flipkart Online...

2 November, 2015 | More »

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Brokerage-free rentals marketplace Zocalo raises seed funding

Zocalo.in, a brokerage-free listing platform for rentals and paying guest accommodation, has raised an undisclosed amount in seed funding from startup accelerator GSF’s Rajesh Sawhney, MakeMyTrip co-founder Sachin Bhatia and others. WebChutney co-founder Sidharth Rao; Mahesh Parasuraman, forme...

5 August, 2015 | More »

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