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Posts Tagged ‘ MakeMyTrip ’

Travelyaari raises $7 mn from BCCL, GVFL

Wednesday, August 10, 2016 | More »

Aurvind Lama, CEO, Travelyaari.com
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...

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 »

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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 »

Sudarshan-Ankur-Kailash

Home rental startup Zenify gets pre-Series A funding

Bangalore-based home rental startup City Synapse Information Pvt. Ltd, which runs Zenify.in, has raised about $900,000 (around Rs 6 crore) in pre-Series A funding from a group of high net-worth individuals (HNIs). The funds will be utilised to expand its range of services across India and to strengt...

11 May, 2016 | More »

Easy-Roads2

Exclusive: Trip planner Easy Roads raises angel funding

Easy Roads Technologies Pvt Ltd, a Mumbai-based startup that facilitates road trips, has raised Rs 1.3 crore ($200,000) from five angel investors in its first external round of funding, the company’s founder said. Sachin Parikh, who is also the startup’s CEO, told VCCircle the travel-tech compan...

4 May, 2016 | More »

MANISH_AMIN

Consolidation in OTA space still 2-3 years away: Yatra’s Manish Amin

At a time when almost every sector in the consumer internet space is looking at consolidation, the online travel agency (OTA) segment still hasn’t seen too many mergers or acquisitions. And Yatra co-founder and CIO Manish Amin believes it will remain that way for some time. “The online trave...

25 April, 2016 | More »

Rohit-Shroff

Travel portal Holidify recasts business; co-founder quits

Destination discovery portal Holidify is restructuring its operations and one of its co-founders has quit, in the latest instance that highlights growing pains at Indian startups as investors turn cautious and funding slows. Co-founder Rohit Shroff has left the Delhi-based startup to join Girnar Sof...

20 April, 2016 | More »

makemytrip

China’s Ctrip to invest $180M in MakeMyTrip

MakeMyTrip Ltd said it has signed an agreement with fellow NASDAQ-listed firm Ctrip.com International Ltd where the Chinese travel services firm will invest $180 million (Rs 1,200 crore) through convertible bonds in India’s largest online travel agency. Ctrip will separately buy shares of Make...

7 January, 2016 | More »

makemytrip

MakeMyTrip CTO quits, net loss widens in Q2

NASDAQ-listed online travel services firm MakeMyTrip has reported 3.6 per cent rise in revenue less service costs or net revenue for the three months ended September 30, 2015 to $33.2 million from $32 million recorded in corresponding year-ago quarter. MakeMyTrip’s hotels and packages business rep...

29 October, 2015 | More »

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