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Posts Tagged ‘ MakeMyTrip ’

Inder Sharma: This serial entrepreneur builds businesses to sell

Monday, January 2, 2017 | More »

Inder Sharma
When Inder Sharma bought the domain Hotel.com during the Internet boom in 1996, he was very confident that this would become a big business one day. But, rather than running the site, which offered discounted hotel room reservations, he sold it to Expedia for $7 million in 2002. The reason behind se...

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MakeMyTrip chairman Deep Kalra urges India’s startup community to come together

Deep Kalra, chairman of India’s largest online travel services firm MakeMyTrip Ltd, has emphasised that the Internet companies need to have a consensus on policies, practices, and standards. “There is an urgent need for the industry to come together and have a cohesive voice. On a single iss...

28 December, 2016 | More »

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Yatra to list on Nasdaq today after reverse merger with US-based blank cheque firm

Online travel agency (OTA) Yatra Online Inc. on Monday said Terrapin 3 Acquisition Corp has become a partially-owned subsidiary of Yatra and the combined company’s stock is listing on NASDAQ under the ticker symbol “YTRA” with effect from Monday. In July, Yatra had entered into a reverse merge...

19 December, 2016 | More »

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Exclusive: OYO rival Wudstay shuts budget hotel aggregation business

Wudstay Travels Pvt Ltd – which started off as a rival to OYO Rooms – has exited the budget hotel aggregation space, a source close to the development told Techcircle. The company now operates in the PG and hostel segment that it started this year. Wudstay is yet to confirm the development, but ...

13 December, 2016 | More »

ixigo funding

Travel search engine ixigo to raise $10 mn

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. ...

29 November, 2016 | More »

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 »

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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 »

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