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MAKEMYTRIP FUNDING
Summer travel plans show no signs of slowing: Domestic demand remains strong despite higher airfares, rising fuel costs & fewer flightsDespite rising airfares and fuel costs, Indians are continuing their summer holidays, though many are adjusting their plans. Domestic trave...- Yatra founders explore stake sale as consolidation buzz swirls in online travelYatra Online's founders are reportedly in talks to sell a controlling stake. Feelers have been sent to rivals like MakeMyTrip, Paytm Travel...
- Sadev Ventures appoints Ishan Kansal as cofounder and managing partnerSadev Ventures welcomes Ishan Kansal as cofounder and managing partner. Kansal will be based in Bengaluru, marking the firm's plan for a se...
- Visa processing startup Atlys announces Esop buyback worth Rs 4 croreAtlys conducted its first Esop buyback worth Rs 4 crore, allowing eligible employees to sell up to 25% of their vested stock options. The s...
- ETtech Deals Digest: Startups raise $343 million this week, down 69% on-yearThe number of deals during the week was down significantly at 29, compared to 44 in the corresponding week last year.
- PhonePe IPO freeze & its impact; Startup Mafia 3.0Happy Tuesday! PhonePe has deferred its IPO, signalling a broader chill in startup listing plans. This and more in today’s ETtech Morning D...
- Trip. com Group says MakeMyTrip will pay $3 billion for repurchaseMakeMyTrip plans to raise about $3 billion—via equity and convertible debt—to repurchase Class B shares from Trip.com Group.
- MakeMyTrip plans $3 billion buyback; China’s Trip.com stake to drop below 20%MakeMyTrip intends to raise $3 billion through debt and equity to repurchase shares from Group, reducing their stake from 45.34% to 19.99%....
- MakeMyTrip exits IPO-bound travel app ixigo with 8x returnsThe secondary transaction was worth $38.5 million with investors including Trifecta Leaders Fund-1, Bay Capital, Malabar Investments and Wh...
- MakeMyTrip raises $200 million in debt for ‘war chest’MakeMyTrip, India’s biggest online travel company that currently has $227.6 million on its balance sheet, is looking to build a "war chest"...
- Naspers exits MakeMyTrip, leaves Ctrip largest stakeholder in portalChinese co will hold 49% in Indian travel operator; Naspers to get 5.6% in Ctrip after share swap.
- MakeMyTrip’s rights issue values company at Rs 26,000 croreThe parent company infused around Rs 128 crore over the past six months through subscriptions to the rights issue, documents filed by MakeM...
- MakeMyTrip may take a stake in Oyo, to delist rivals Treebo, FabhotelsMakeMyTrip’s decision to bet on OYO Rooms is the latest in a series of moves aimed at cementing its partnership with the SoftBank-backed co...
- MakeMyTrip India CEO Rajesh Magow rejoins Flipkart boardMagow's re-appointment comes at a time when the online retail giant is also expected to have representatives from Tencent, Softbank and oth...
- $25m to $400m: SAIF Partners exits MakeMyTrip, makes 16 times on its investmentAmong the online travel agency's pre-IPO VC backers, SAIF was the first to invest and is last to exit. The venture capital firm had investe...
- MakeMyTrip acquires travel planning website Mygola using innovation fundSources said the development said all employees of Mygola have been retained and co-founder Anshuman Bapna has started working closely with...
- MakeMyTrip acquires travel startup MygolaMygola, founded by IIT Mumbai batchmates Bapna and Prateek Sharma in 2009, claims it can help travellers create custom trips in 15 minutes.
- Online travel firm MakeMyTrip launches $15 million fund for startupsMakeMyTrip follows footsteps of handful of digital companies such as InfoEdge, One97, which invest in startups related to strategic busines...
- MakeMyTrip sets up $15 million innovation fund"The fund will focus on start-ups in travel technology with a special focus on mobile and IP based companies," MakeMyTrip said in a stateme...
- Helion, Sierra plan to invest in travel portalHelion Ventures and Sierra Venture Capital are looking to invest in makemytrip.com a travel portal started six years ago and which survived...
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