Last deal

Amount

Venture - Series Unknown

Stage

26.07.2018

Date

1

all rounds

date founded

Financing round

General

About Company
Bitla is a successful multi-business organization that specializes in travel, logistics, hospitality, and bus travel metasearch.

Industry

Sector :

Subsector :

Keywords :

founded date

29.06.2007

Number of employees

Company Type

For Profit

Last funding type

Venture - Series Unknown

IPO status

Private

Description

With over 8 years of experience, Bitla has built a range of world-class products, including TicketSimply, a cloud-based platform for bus operators that holds over 55% market share in India and is widely used in other countries. They also offer HotelSimply, a cloud-based platform for the hospitality industry, as well as CargoSimply, a platform for cargo and logistics management. Bitla's services help travel and logistics businesses streamline their operations, enhance their online presence, and improve their booking processes. As part of India's leading online travel company, MakeMyTrip Limited, Bitla is the market leader in SaaS and mobile technology products for the bus passenger business. They enable bus operators to grow their online brand, attract loyal customers, and distribute their seat inventory across various sales channels. Bitla's flagship product, TicketSimply, is renowned for its speed, user-friendliness, and adaptability, serving over 1,300 bus operators and commanding a 50% market share in India. Bitla has expanded its operations to several countries, including Malaysia, Indonesia, Singapore, Colombia, Peru, Chile, and Africa, fostering a startup culture driven by innovation and values.
Contacts
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Financials

Funding Rounds
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1

Number of Funding Rounds

Their latest funding was raised on 26.07.2018. Their latest investor MakeMyTrip.com. Their latest round Venture - Series Unknown

Date 
Funding Round 
Investors 
Money Raised 
Lead 
MakeMyTrip.com

MakeMyTrip.com

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

Sector

Travel and Leisure

Subsector

Travel and Tourism

Keywords

Travel, Travel Agency, Tourism

Location

Gurugram, Haryana, India

total rounds

6

total raised

$748M

count Of Investments

7

count Of Exists

2
Co-Investors
Investors
1
1

Number of lead investors

1

Number of investors

Investor 
Lead 
Round 
Partners 
Yes
Venture - Series Unknown
MakeMyTrip.com

MakeMyTrip.com

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

Sector

Travel and Leisure

Subsector

Travel and Tourism

Keywords

Travel, Travel Agency, Tourism

Location

Gurugram, Haryana, India

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6

total raised

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count Of Exists

2
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

organization founded

1
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

People

Founders
1
Dasharatham Bitla
Dasharatham Bitla

Dasharatham Bitla

Co-founder at PasajeBus

current job

PasajeBus.com
PasajeBus.com

organization founded

2

Dasharatham Bitla

Employee Profiles
5
Santosh AR

Santosh AR

CEO

Dasharatham Bitla

Dasharatham Bitla

Founder & CEO

Activity

Recent News
0