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Posts Tagged ‘ MakeMyTrip ’

Travel search engine ixigo to raise $10 mn

Tuesday, November 29, 2016 | More »

ixigo funding
Online travel search engine ixigo is in talks to raise $10 million (Rs 68.5 crore) from Sequoia India, a media report said. The Economic Times, which reported the development citing three unnamed sources, didn’t give any details of the funding round. SAIF Partners holds a majority stake in ixigo. ...

Ctrip

Top MakeMyTrip shareholder to buy global travel search aggregator Skyscanner

Nasdaq-listed Ctrip.com International Ltd, which provides travel services including accommodation reservation, transportation ticketing, packaged tours and corporate travel management, has agreed to acquire global travel search site Skyscanner Holdings Ltd, for nearly £1.4 billion ($1.74 billion) i...

24 November, 2016 | More »

MakeMyTrip-ibibo merger

MakeMyTrip-ibibo merger: What it means for hotel aggregators

The merger between MakeMyTrip and Naspers-owned ibibo Group could benefit hotel aggregators in India in more ways than one. To begin with, it will reduce cash burn and discounting, founders of several hotel aggregation platforms told TechCircle. On Tuesday, NASDAQ-listed and India’s oldest onl...

20 October, 2016 | More »

Rajesh-Magow-and-Ashish-Kashyap3

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 »

PolicyBazaar

Insurance portal PolicyBazaar eyes US listing, $100 mn IPO

Gurgaon-based eTechAces Marketing and Consulting Pvt. Ltd, which runs the online insurance portal PolicyBazaar, is planning to get listed on the Nasdaq stock exchange in the US, according to a report. The company is looking at raise $100 million through the public offering, The Economic Times report...

21 September, 2016 | More »

ixigo

Travel search engine ixigo eyes profitability on new offerings, monetisation focus

Online travel search engine ixigo aims to turn profitable in the next financial year, helped by new offerings, rising customer base and a greater focus on monetisation, a top executive said. Aloke Bajpai, co-founder and chief executive, told TechCircle that the company’s net revenue tripled to Rs ...

9 September, 2016 | More »

Aurvind Lama, CEO, Travelyaari.com

Travelyaari raises $7 mn from BCCL, GVFL

Online bus booking platform Travelyaari has raised $7 million in its Series B round led by Gujarat Venture Finance Ltd (GVFL), Bennett Coleman & Co Ltd (BCCL) and other investors. The fresh capital will be used for product development as well as business growth. Travelyaari is looking to integra...

10 August, 2016 | More »

makemytrip_fe

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 »

Dhruv Shringi, Co-founder, Yatra.com

We didn’t want to compromise growth by going in for M&A, says Yatra’s Dhruv Shringi

One of India’s fastest growing online travel agents and consumer travel platform Yatra Online has entered into a merger agreement with Terrapin 3 Acquisition Corporation, a NASDAQ-listed special purpose acquisition firm. The deal, which values Yatra Online at $218 million, was announced on July 14...

14 July, 2016 | More »

Amitabh-Misra-Gofro2

Former Snapdeal CTO Amitabh Misra’s travel-tech venture Gofro takes off

MakeMyTrip-backed travel-tech startup Bona Vita Technologies Pvt Ltd has finally come out of the stealth mode with its platform Gofro.com. Founded by former Snapdeal CTO Amitabh Misra, the Delhi-based startup has launched an online travel planning and booking marketplace for Indians travelling abroa...

10 June, 2016 | More »

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