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Posts Tagged ‘ MakeMyTrip ’

China’s Ctrip to invest $180M in MakeMyTrip

Thursday, January 7, 2016 | More »

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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...

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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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MakeMyTrip buys VC-backed travel-tech startup Mygola

The country’s top online travel agency MakeMyTrip Ltd has acquired certain assets of Mygola.com for an undisclosed amount and the entire Mygola team has joined MakeMyTrip as part of the deal, it said on Tuesday. This acquisition was done through the NASDAQ-listed company’s Innovation Fund,...

21 April, 2015 | More »

Amit Somani

Former MakeMyTrip product head Amit Somani joins AngelPrime as Partner

Bangalore-based seed-stage VC firm AngelPrime has appointed former MakeMyTrip product head Amit Somani as a partner. “With Somani joining our team, we now can bring even stronger operating expertise to evaluate investments and subsequently help our companies significantly,” said Shripati Achar...

9 February, 2015 | More »

Saujanya-Shrivastava

MakeMyTrip ropes in Saujanya Shrivastava from Bharti AXA Life as CMO

NASDAQ-listed online travel services firm MakeMyTrip (MMT) has appointed Saujanya Shrivastava as its chief marketing officer (CMO). Shrivastava will be responsible for leading marketing initiatives across the company’s business lines and group entities. He will also be responsible for strength...

21 January, 2015 | More »

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MakeMyTrip goes vernacular on mobile, to add 4 new languages

Online travel agent MakeMyTrip.com is expanding its presence on mobile platform by bringing in apps in vernacular languages like Gujarati, Tamil and Telugu. The company, which launched its Hindi app today, plans to add four more languages including Gujarati, Tamil, Telugu and Malayalam in the first ...

20 November, 2014 | More »

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MakeMyTrip Q2 net revenue rises 37.5%, ups guidance for FY15; losses shrink

NASDAQ-listed online travel services firm MakeMyTrip (MMT) reported a 37.5 per cent (34.8 per cent in constant currency) rise in revenues less service costs or net revenues to $32 million for the second quarter ended September 30, 2014 over the year-ago period. Overall revenues rose 27.7 per cent (2...

31 October, 2014 | More »

Rajesh Magow

Our early-stage investment fund is an extension to M&A strategy: MakeMyTrip co-founder Rajesh Magow

NASDAQ-listed online travel services firm MakeMyTrip (MMT) has recently floated a $15 million (around Rs 90 crore) innovation fund, 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. The company says that it is a...

22 September, 2014 | More »

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MakeMyTrip Q1 net revenue up 36.3%; hotels & packages now generate over half of net revenues

NASDAQ-listed online travel services firm MakeMyTrip (MMT) reported a 36.3 per cent rise in revenues less service costs or net revenues to $35.5 million for the first quarter ended June 30, 2014 over the year-ago period. Overall revenues rose 22.9 per cent to $94.8 million in the quarter while the g...

30 July, 2014 | More »

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MakeMyTrip raising around $75M through fresh issue; product head Amit Somani quits

NASDAQ-listed Indian online travel services firm MakeMyTrip Ltd (MMT) is looking to raise up to $75 million in fresh capital by selling 3 million shares, the company said on Monday. The overall issue is worth a little over $110 million of which around $35 million will go to some existing shareholder...

11 March, 2014 | More »

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