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MAKEMYTRIP FUNDRAISING
Nasdaq-listed MakeMyTrip said to hire banks for India offeringOnline travel platform MakeMyTrip is reportedly considering a Mumbai listing by the first quarter of 2027, engaging Axis Capital, Morgan St...- 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...
- EaseMyTrip plans to raise up to Rs 500 crore to expand hospitality and holiday businessIn an exchange filing on Monday, the company said its board has approved, in principle, a proposal to raise funds in one or more tranches t...
- MakeMyTrip’s record raise, Zuck’s AI talent grabMakeMyTrip has raised $3.1 billion in the largest fundraise by a listed Indian internet company. This and more in today’s ETtech Top 5.
- MakeMyTrip raises $3.1 billion to cut Chinese firm Trip’s holdingWith this, Trip.com’s stake in MakeMyTrip has fallen to 19.99% from 45.34%, with two directors, down from five. This comes a month after Ma...
- 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%....
- We are using generative AI to build core capabilities: MakeMyTrip’s Deep KalraThe portal is tying up with leading tech players to build the tools. Kalra also opined that the funding winter would be short but sharp, an...
- IndMoney ropes in Dhruv Pathak as CTOFounded in 2019, IndMoney allows users to track and organise their finances on a single platform and helps them invest across various finan...
- 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"...
- Apps don face masks to promote healthy practices amid Covid-19Apna Mask initiative, an effort by StartUpVsCOVID, is promoting homemade masks and aims to drive behavioural change to ensure that people w...
- Naspers is said to plan further investment in $2 billion SwiggyAfrica’s largest company by market value has indicated that it intends to support a financing that could raise more than $600 million, Swig...
- MakeMyTrip set to raise $330 million in the biggest round of fundingThe Gurgaon-headquartered company will also issue 916,666 ordinary shares to Chinese travel operator Ctrip.com International at a price of ...
- MakeMyTrip enters alternate homestay space with RightstayDeep Kalra, chairman of MakeMyTrip, expects the number to rise to more than 100,000 by the end of next year.
- Moving beyond low-margin plane tickets, online travel firms seeking to dominate hotel bookingsNaspers has been pumping money into the online travel company for nearly a decade, not bothering to broadcast it.
- Room for funding shrinks for OYO as investors keep door ajarOne of the most watched startups of 2015, OYO's difficulties in fund-raising comes at a time when travel portals MakeMyTrip and Goibibo pla...
- Venture capital firm Ivy-Cap raises Rs 245 crore for maiden fundIvyCap has already started soft marketing its second fund, which will raise around Rs900 crore including from overseas investors.
- TouchTalent gets Rs 4-cr seed funding from private equity firm SAIF PartnersTouchTalent is a web-based community that connects creative professionals such as artists, musicians, photographers and designers, and help...
- Planning to come out with an IPO? Things to keep in mindThe process of going public is time-consuming. It poses certain challenges that a company should be prepared to tackle, especially in the c...
- Social networking sites go offline to extend reach, promote charityFor top social networking companies such as Twitter and Facebook, internet is not the only medium to build communities.
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