MakeMyTrip clocks $20.3M loss in Q4; air ticketing revenues continue to drop but hotels business sees robust growth

NASDAQ-listed online travel services firm MakeMyTrip (MMT) reported 1.4 per cent decline in its revenues less service costs which stood at $21.7 million for the fourth quarter ended March 31, 2013 over the year-ago period. Overall revenues, however, rose 17.5 per cent to $55.2 million in the quarter...

Anand Rai & Sonam Gulati

App Tracker: A no-holds-barred look at how the apps of OTAs stack up

Are you a Gen Y traveller, digging up more travel apps than you could possibly use to make sure you have a hassle-free trip? Well, so are we, and hence we are kicking off our weekly coverage of the app universe, with the live apps of online travel agents (OTAs) – available on iOS and [...]...

Sonam Gulati

MakeMyTrip ties up with TaxiForSure to push car booking section

Nasdaq-listed OTA MakeMyTrip (MMT) has entered into a partnership with Bangalore-based online taxi aggregator TaxiForSure.com  to push its car booking section. As part of the deal, MMT will get access to TaxiForSure’s inventory. Aprameya Radhakrishna, founder and director, TaxiForSure.com told Te...

Team TC

Announcing the companies Demo-ing at Techcircle DEMO India 2013; A brief preview

Techcircle DEMO India 2013 is the India edition of the world’s leading technology products launch platform DEMO. Here is a preview of 28 companies, across consumer and enterprise technology categories, who will present at the two-day Techcircle DEMO India 2013 to be held on March 20-21 at Movenpic...

Anand Rai

Savaari Car Rentals claims to have done 70K transactions, to launch customer apps soon

Savaari Car Rentals Pvt Ltd, a Bangalore-based company offering chauffeur-driven car rental services online, claims to have completed 70,000 transactions till date. Although the company has been operational since mid-2006, majority of these transactions happened after it raised funding in April las...

Sonam Gulati

OneAssist partners Makemytrip to offer security services to travellers

Mumbai-based OneAssist Consumer Solutions Pvt. Ltd that runs OneAssist has inked a strategic partnership with MakeMyTrip to offer some of its products via the latter’s platform. OneAssist offers personalised mobile and financial security and management solutions via its products WalletAssist, Mob...

Team TC

MakeMyTrip reports $5.2M loss in Q3, decline in commission stumps air ticketing revenues

NASDAQ-listed online travel services firm MakeMyTrip (MMT) reported 5.5 per cent decline in its revenues less service costs which stood at $22.3 million for the third quarter ended December 31, 2012 over the year-ago period. The OTA also saw pressure on its bottom-line with net loss of $5.2 million ...

Sonam Gulati

Online community for researchers Knimbus hires MakeMyTrip’s tech honcho

Gurgaon-based online community for researchers, Knimbus, has roped in Kunwar Asheesh Saxena as senior vice president, product development and engineering. Saxena was looking after the technology development as director at MakeMyTrip before this. Knimbus, an online platform for the users of scientifi...

Team TC

MakeMyTrip acquires majority stake in Thai hotel aggregator for $3.2M

NASDAQ-listed online travel services firm MakeMyTrip Ltd has struck its second acquisition within a month by snapping an effective majority equity interest in Thai hotel aggregator comprising a group of companies known as the ITC Group for $3.2 million. The ITC Group comprises of International Tour ...

Anand Rai

Olacabs partners with MakeMyTrip to provide car rental services in Mumbai, Bangalore & Delhi-NCR

Mumbai-based ANI Technologies Pvt Ltd, which runs an online marketplace for cabs and car rental services under the brand Olacabs, has tied-up with online travel company MakeMyTrip (India) Pvt Ltd to offer car rentals for local and outstation travels in Mumbai, Bangalore and Delhi-NCR ,  three citie...