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MAKEMYTRIP PROFIT DECLINE
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...- MMT Q3 net profit at $7.3 million, operating revenue at $295.7 millionMakeMyTrip’s Q3 net profit fell 73% to $7.3 million as finance costs surged after its capital raise, even as revenues, operating profit and...
- Amazon Pay India reports Rs 2,286 crore revenue for FY24, cuts losses by 39%Total expenses for the Bengaluru-based firm fell to Rs 3,280 crore in FY24 from Rs 3,635 crore a year earlier, with employee benefit expens...
- Ixigo IPO: A look at the online travel aggregator’s listed rivalsThe travel industry, which had taken a beating during the Covid-19 period, witnessed a smart recovery post-pandemic, with some players regi...
- Easy Trip loses booking war with MakeMyTrip in key holiday quarterIndia's travel industry is thriving, with demand for air, road and rail travel as well as for hotels booming fuelled by rising disposable i...
- There are investors who behave like fools chasing loss-making businessesProfits are central to a business; without profits, there is no survival. I’ve been analysing stocks since 1991, and it’s unbelievable that...
- India gets a Purplle unicorn; some techies in demand despite layoffsPurplle, which sells beauty and personal care products online, is the latest Indian tech startup to join the unicorn club and the second th...
- EaseMyTrip plans to raise Rs 1,500 crore through IPOThe founders expect the business to be valued at between Rs 6,000 crore and Rs 7,500 crore. The company is fully owned by the Pitti family.
- PayPal’s revenue jumps 12x, thanks to its India armDigital payments company reports Rs 260-cr revenue for FY18 from Rs 21 crore last year
- 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...
- Naspers hits the market with $10 bn from Tencent stake saleNaspers plans to use the capital to scale and consolidate its position in "core ecommerce segments" globally.
- MakeMyTrip-Ibibo merger: How combined entity continues to struggle with problems old and newThe $1.8-billion largely stock deal saw the then newly merged travel giant grab more than 60% of the overall online travel market in India.
- This logistics startup gets a Rs 200-crore Delhivery from FosunLatest tranche is part of $130-million round that also saw participation of The Carlyle Group
- TravelTriangle raises $10 million in fresh round of fundingSAIF Partners and Bessemer Venture Partners, existing investors in the Noida-based Holiday Triangle Travel that owns and operates TravelTri...
- Chief financial officer R Natarajan leaves Helion Venture Partners as funds dry upChief financial officer R Natarajan, who was overseeing Helion’s Bengaluru operations, has put in his papers amid delays by the investment ...
- 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...
- HRAWI organizes seminar on Revenue Management for Hoteliers & RestaurateursKamlesh Barot, past president, HRAWI says hotels take important decisions regarding what to sell, when to sell and for how much.
- Sunday ET: Flight bookings: Why hotels are the future for travel portals like Yatra, Makemytrip & CleartripWhile flight bookings are struggling as airlines slash commissions and woo passengers, growth in hotels business is nearly 100% plus.
- MakeMyTrip Q3 net profit down 75% to $0.04 millionMakeMyTrip Ltd has posted 75 per cent decline in its net profit for the third quarter ended December 31, 2011 at $0.04 million.
- MakeMyTrip, SAIF Partners to pick 76.6 pc stake in IxigoMakeMyTrip said it will, along with its largest share holder SAIF Partners, pick up 76.6 per cent stake for USD 18.5 million in Le Travenue...
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