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Posts Tagged ‘ MakeMyTrip ’

MakeMyTrip-ibibo merger: What it means for hotel aggregators

Thursday, October 20, 2016 | More »

MakeMyTrip-ibibo merger
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...


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 »


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 »


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 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 »


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 »


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 »


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 »

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