Makemytrip announced that Naspers (91% stakeholder) and Tencent (9% stake) will sell the Ibibo Group to Makemytrip in exchange for fresh shares issued by Makemytrip amounting to 40% stake in the combined entity. Post the merger, Deep Kalra and Rajesh Magow of Makemytrip will continue as Group CEO and IndiaContinue Reading
India’s Fandango Bookmyshow (BMS) is one of the earliest entrants in the internet space, the company launched its online ticketing platform www.bookmyshow.com in 2007 and subsequently launched the Mobile App as well. Bookmyshow has ~90% market share in the online movie ticketing segment in India. In FY15, 4bn movie ticketsContinue Reading
Cleartrip a challenger in the OTA space started in 2007 and has recorded a 45% revenue CAGR since then. The company derives ~30% of revenue from international air ticketing, ~50% from domestic air ticketing and around 20% from hotels (largely domestic). The company does not sell holiday packages. Cleartrip usedContinue Reading
MakeMyTrip (MMYT) launched in 2000 focused on Airlines Ticket Booking both the non-resident Indian (NRI) inbound traffic as well as the Indian domestic traffic. Since then it has ventured into IRCTC Railway Ticket Booking as well as Selling Hotels & Tour Packages. Excerpts from Management’s Interaction is as follows,Continue Reading
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