MakeMyTrip.com

Company

Investment-firm

Last deal

$200M

Amount

Post-IPO Debt

Stage

06.02.2021

Date

3

all rounds

$748M

Total amount

Financing round

General

About Company
MakeMyTrip is an online travel company in India that provides booking services for flights, hotels, and buses.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.2000

Number of employees

Company Type

For Profit

Last funding type

Post-IPO Debt

IPO status

Private

Description

MakeMyTrip operates through various segments, including air ticketing, hotels and packages, bus ticketing, and others, with the hotels and packages segment generating the most revenue. The company has a presence in multiple countries and is transforming how Indians travel by offering a wide range of products and services through its brands MakeMyTrip, Goibibo, and RedBus. Its success is attributed to the entrepreneurial spirit of its team, which strives to provide customers with the best travel solutions and choices.
Contacts

Contact Email

Phone number

Social url

Legal Names

Legal name

MAKEMYTRIP (INDIA) PVT. LTD.
Sub-Organizations
2
TripMoney

TripMoney

TripMoney offers a streamlined digital solution for approving travel loans.

Sector

Finance and Credit Services

Subsector

Consumer Lending

Location

Bengaluru, Karnataka, India
MakeMyTrip

MakeMyTrip

MakeMyTrip is an online travel portal that offers holiday packages, travel guides and booking services for flights, car rentals and hotels.

Sector

Travel and Leisure

Subsector

Travel and Tourism

Keywords

Travel, Tourism, Travel Agency

Location

São Paulo, State of São Paulo, Brazil
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total rounds

1

total raised

$3.38M
M&A Details
1

Transaction name

Acquired by

Busportal

announced date

01.04.2019

Financials

Funding Rounds
6
3

Number of Funding Rounds

$748M

Money Raised

Their latest funding was raised on 06.02.2021. Their latest round Post-IPO Debt

Date 
Funding Round 
Investors 
Money Raised 
Lead 
06.02.2021
$200M
03.05.2017
1
$330M
08.01.2016
1
$180M
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count Of Investments

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count Of Exists

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Date 
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type 
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29.02.2020
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24.09.2019
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Co-Investors
Investors
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5

Number of lead investors

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Number of investors

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Location

Hong Kong Island, Hong Kong

count Of Investments

336

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Acquisitions
6
Acquiree Name 
Date 
Price 
Acquisition Name 
Savaari Car Rentals acquired by MakeMyTrip.com

Savaari Car Rentals acquired by MakeMyTrip.com

acquirer

MakeMyTrip.com
MakeMyTrip.com

date

25.01.2024

type

Acquisition
Savaari Car Rentals

Savaari Car Rentals

Savaari is an online car rental service provider in India.

Sector

Consumer Services

Subsector

Rental and Leasing

Keywords

Automotive, Rental, Travel

Location

Bengaluru, Karnataka, India

total rounds

2

total raised

$28M
Quest2Travel acquired by MakeMyTrip.com

Quest2Travel acquired by MakeMyTrip.com

acquirer

MakeMyTrip.com
MakeMyTrip.com

date

01.05.2019

type

Acquisition
Quest2Travel

Quest2Travel

Quest2Travel is an internet-based corporate travel management company that offers end-to-end employee travel solutions.

Sector

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Subsector

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Keywords

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ibibo Group acquired by MakeMyTrip.com

ibibo Group acquired by MakeMyTrip.com

acquirer

MakeMyTrip.com
MakeMyTrip.com

date

18.10.2016

type

Acquisition

price

$720M
ibibo Group

ibibo Group

ibibo Group is an Indian online travel group that owns multiple e-commerce travel properties.

Sector

Travel and Leisure

Subsector

Travel and Tourism

Keywords

Travel, E-Commerce

Location

Gurugram, Haryana, India

total rounds

2

total raised

$251.48M

count Of Investments

1
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ibibo Group

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ibibo Group is an Indian online travel group that owns multiple e-commerce travel properties.

Sector

Travel and Leisure

Subsector

Travel and Tourism

Keywords

Travel, E-Commerce

Location

Gurugram, Haryana, India

total rounds

2

total raised

$251.48M

count Of Investments

1

People

Founders
4
Keyur Joshi
Keyur Joshi

Keyur Joshi

Keyur Joshi is the Co-founder and Chief Strategic Advisor of the company and an integral part of the MakeMyTrip strategic think-tank. Keyur was instrumental in jumpstarting the online travel market in India in 2005, through MakeMyTrip. Apart from being a Co-founder, Keyur has provided oversight to various functions and held various positions at MakeMyTrip including that of Chief Commercial Officer. Before founding MakeMyTrip, Keyur worked with Around the World Travel (now called JustFares.com), transitioning it into an online B2C travel company. He has also worked with Tata Motors, where he was involved in Market Research and Product Management. Keyur holds a Bachelor's degree in Chemistry from Gujarat University and an MBA degree from the City University of New York, New York. He is also a certified pilot and doesn't miss any chance to take to the skies.

current job

MakeMyTrip.com
MakeMyTrip.com

count Of Investments

2

Keyur Joshi

Rajesh Magow
Rajesh Magow

Rajesh Magow

Rajesh Magow is the Co-Founder and CEO-India of MakeMyTrip.com. A member of the founding team, Rajesh has served in many senior capacities with the Company. He held the role of CFO and COO before taking on CEO role. As CFO, he was the chief financial spokesperson for the Company and responsible for the overall financial health, acquisitions, investor relations, securing of new funding and regulatory compliance. As Chief Operating Officer, he provided strategic and operational leadership to support all business functions within the Company along with opportunities for cross-leverage and critical company investments. Rajesh has been instrumental in the successful transition of MakeMyTrip into a public listed company after its listing on the NASDAQ in the US in August 2010. Its IPO was executed in record time and ranked as one of the best performing IPOs in the US in 13 years, with shares soaring over 80 per cent after listing, catapulting its valuation to over $800 million on day one. Within 9 months of IPO, in June 2011 Rajesh also managed a successful Follow on Offerings of $125M comprising of secondary and primary. Post the IPO and follow on, Rajesh spearheaded the M&A function under his active leadership. Rajesh has over two decades of corporate financial and operating experience in the information technology and internet industries. Prior to joining MakeMyTrip, he was CFO and acting CEO for the India operations of eBookers.com, now part of Travelport. He started his career with Voltas and has also worked with Aptech Limited, Quantum in senior management positions. Rajesh is a recipient of several awards including the Bloomberg Award for the Best CFO in India. He also served as an Independent Director at FlipKart.com, India’s equivalent of Amazon.com and a leading e-tailing company. Within MakeMyTrip, he also mentors the senior management team and high-potentials. Rajesh is a Chartered Accountant from the Institute of Chartered Accountants of India, New Delhi. His interests include playing cricket and badminton, and his best stress-buster – time with family.

current job

MakeMyTrip.com
MakeMyTrip.com

count Of Investments

4

Rajesh Magow

Sachin Bhatia
Sachin Bhatia

Sachin Bhatia

current job

Bulbulshop
Bulbulshop

count Of Investments

7

count Of Exists

3

Sachin Bhatia

Deep Kalra
Deep Kalra

Deep Kalra

Deep is the Founder and CEO of India's leading online travel company, MakeMyTrip.com. Launched in India in 2005, MakeMyTrip offered the convenience of online transactions coupled with great value prices, thus revolutionizing the way Indians research and purchase travel services. Under his stewardship, MakeMyTrip is today the largest e-commerce business in the country and the largest travel company in India and listed its shares on NASDAQ in August 2010. He also serves as a Board Member of TiE (The Indus Entrepreneurs) Delhi and is an active Angel Investor in the internet space. Deep is a founding member of “I am Gurgaon” - an NGO focused on improving the quality of life in Gurgaon. Prior to his entrepreneurial venture with MakeMyTrip, Deep has had corporate stints with GE Capital, AMF Bowling Inc. and ABN AMRO Bank. Deep holds an MBA (PGDM) degree from Indian Institute of Management, Ahmedabad and a Bachelor's degree in Economics from St. Stephen's College, Delhi. His interests include swimming, yoga, quizzing, adventure sports and, of course, travelling.

current job

MakeMyTrip.com
MakeMyTrip.com

count Of Investments

12

Deep Kalra

Employee Profiles
246
Saujanya Shrivastava

Saujanya Shrivastava

Chief Operating Officer - Flights SBU

Sriram Chandramouli

Sriram Chandramouli

Head of Risk and Operations

Rajesh Magow

Rajesh Magow

Co-Founder & Group CEO

Rudra Kamal Sinha Roy

Rudra Kamal Sinha Roy

Vice President Of Products

Joel Johnson

Senior sdet2

Anulal Vs

Deputy manager user experience

Akhil Malik

Akhil Malik

Associate Director - Category Head

Srishti Gupta

Manager at makemytrip

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