Who are the investors in MakeMyTrip?
MakeMyTrip and Ibibo Group merger Post merger, MakeMyTrip shareholders own a 60% stake and Ibibo Group shareholders get a 40% stake. Naspers and Tencent, who jointly owned Ibibo Group, became the single largest shareholder in MakeMyTrip.
Is make my trip profitable?
MakeMyTrip’s revenue FY 2015-2021 The revenue of MakeMyTrip Limited in fiscal year 2020 amounted to around 163 million U.S. dollars across India. This was a sharp decline compared to over 500 million dollars in the previous year.
What is MMT travel finance?
MMT Travel Finance is a zero cost program with no hidden charges, no interest and zero down payment at the time of travel booking. The process to seek MMT Travel Finance approval takes less than 30 seconds on the MakeMyTrip App which is followed by credit line activation after requisite KYC norms are fulfilled.
Is MakeMyTrip a Chinese company?
New Delhi: Chinese travel company Ctrip International will become the largest stakeholder in homegrown online travel operator MakeMyTrip (MMT) after South African tech and internet conglomerate Naspers sells its stake in the Gurgaon-based, Nasdaq-listed company in a shareswap deal.
Why is MakeMyTrip so successful?
The Success Story Of MakeMyTrip Begins Now his sole focus was his very own business. When Deep Kalra researched India’s tourism industry, he found that Indian people had to wait in queue at the ticket counters for hours to get their tickets. Deep took a good chance at the right time to do this online business.
Is Yatra Indian company?
Yatra.com is an Indian online travel agency and travel search engine. It is based in Gurugram, Haryana. It was founded by Dhruv Shringi, Manish Amin and Sabina Chopra in August 2006.
Is MakeMyTrip listed in NSE?
MakeMyTrip Ltd. is not listed on NSE (View BSE)
How does MakeMyTrip earn?
One of the sources of revenue for MakeMyTrip is the fee charge they pay for online bookings. MakeMyTrip provides the cheapest airline tickets available. Corporation purchases tickets from private airlines on a wide scale, thereby reducing the cost and selling these tickets to its customers at an extra commission fee.
How many customers does MakeMyTrip have?
MakeMyTrip has 7 million monthly active users on mobile; revenue up 36.4%
How do you use MMT TripMoney?
All you need to do is to open the app, click on Trip Money banner on the homepage or under ‘My’ section, get your eligibility calculated on the basis of your Pan Card and some basic details, wait for a mere 30 seconds and get a quick digital approval!
Can we travel on EMI?
To avail this form of financing, all you need to do is visit your preferred online travel partner, choose your hotel, or flight and then select the Bajaj Finserv No Cost EMI option at checkout. Then, enter your EMI Network Card number and pick the EMI scheme that makes your travel most affordable.
Who is the founder of Makemytrip.com?
MakeMyTrip has offices in New York, Singapore, Kuala Lumpur, Phuket, Bangkok, and Dubai . 2000: MakeMyTrip was founded by Deep Kalra, an alumnus of IIM-Ahmedabad. It was launched in US market in the year 2000 to cater to the overseas Indian community for their US to India travel needs.
Who is the CFO of MakeMyTrip India?
Within MakeMyTrip, Rajesh also acts as a mentor to the senior management team and other high-potential team members.He is a recipient of many awards, including the Bloomberg Award for the Best CFO in India in 2010. Rajesh also serves as Director on the board of Flipkart.
How much money does MakeMyTrip make a year?
Booking flights, hotels, holidays, buses, trains and cars. Revenue. US$ 486 million (2019) US$ 675.25 million (2018) Number of employees. 3051 (March 2018) Website. www .makemytrip .com. MakeMyTrip is an Indian online travel company founded in 2000.
What is the Zacks rank of MakeMyTrip Limited?
MakeMyTrip (MMYT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy). With the business potentially at an important milestone, we thought we’d take a closer look at MakeMyTrip Limited’s…