Basic Introduction

MakeMyTrip Limited (NASDAQ:MMYT) was founded in 2000 and is headquartered in Gurgaon , India. It has 1,774 full-time employees . It is an online travel service company in India and the largest travel website in India.

MakeMyTrip Limited 's services include package tours, air ticket bookings, hotels, packages, train tickets and car rental services. In addition, it also provides travel insurance.

Advantages

MakeMyTrip is the leading online flight booking in India, offering great deals, lowest fares, exclusive discounts and an online booking experience. Flight, hotel and holiday bookings made through the desktop or mobile website are a pleasant customer-friendly experience and can be booked in just a few clicks. With features like Instant Discounts, Fare Calendar, MyRewards Program, MyWallet, etc., MakeMyTrip 's overall booking experience continues to add value to its products and continues to provide the best services to its customers.

Financing

In January 2016 , Ctrip.com ( Nasdaq: CTRP) announced today that it will invest US$ 180 million in MakeMyTrip (Nasdaq: MMYT), India's largest online travel company, through convertible bonds .

In November and August 2018, it received Rs 730 million and Rs 138 million respectively.

In April 2019 , MakeMyTrip India Pvt Ltd announced that it had received a funding of Rs 100 crore from its parent company in Mauritius.

Development History

In 2005 , MakeMyTrip returned to the Indian market and landed on the US Nasdaq market in August 2010 .

On May 9 , 2011 , it acquired the travel agency Luxury Tours and Travel Private Limited ;

In August 2011 , it acquired online travel metasearch engine Le Travenues Technology Private Limited (which owns Ixigo.com );

In November 2011 , it acquired My Guest House Accommodation, a budget accommodation / hotel management company ;

In November 2012 , it acquired travel companies Hotel Travel Group (HT Group) and ITC Group ;

In February 2014 , MakeMyTrip acquired EasyToBook ( easytobook.com ), an Amsterdam-based hotel booking portal.

In April 2015 , MakeMyTrip acquired travel planning website MyGola ;

In June 2015 , it acquired online travel planning company Inspirock ;

In July 2015 , MakeMyTrip invested in HolidayIQ, a travel information and hotel review portal , for a 28% stake.

In July 2015 , MakeMyTrip invested $ 5 million in Bona Vita Technologies , a travel industry startup.

In October 2015 , MakeMyTrip started a business that sold only through the app - Great Indian Getaway ;

In November 2015 , MakeMyTrip launched Value+ (for premium economy hotels);

In 2016 , Ctrip, China’s pioneer in online travel booking , invested US $ 180 million in MakeMyTrip .

In May 2017, Ctrip once again participated in MakeMyTrip 's capital increase plan.

In January 2018 , Gobibo, incubated by Naspers , merged with MakeMyTrip led by Rajeshmagow to form Go-MMT (Goibibo + MakeMyTrip) , consolidating its leading position in the field of air ticket and hotel booking.

In early November 2018 , Indian OTA company MakeMyTrip released its latest financial report, showing that the company lost US$62 million in the second quarter of fiscal year 2018 ending September 30 .

On April 26, 2019 , Ctrip announced a share swap transaction with Naspers , pursuant to which Ctrip issued new shares in exchange for the MakeMyTrip shares held by Naspers .

On August 20 , 2019 , the Indian regulatory agency CCI Competition Commission announced through a post on a social media platform: CCI has reviewed and approved Ctrip's share swap transaction for MakeMyTrip .

References