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 India CEO, respectively, while Ashish Kashyap, the CEO of Ibibo will join Makemytrip as Co-Founder & President. Based on transaction data and FY15 financials available from the Ministry of Corporate Affairs, our back of the envelope estimation of net revenues for Ibibo group points to Continue reading ibibo merges into MakeMyTrip – Consolidation in Travel / Hotel Bookings
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 tickets (in ~10,000 screens) were sold in India. In its addressable market of 500mn tickets (2,700 screens), BMS sold 50mn tickets in FY 2015 [Apr-2014 to March-2015]. ~100% of the total available movie tickets are accessible on BMS’ platform. Continue reading India’s Fandango, BookMyShow Sold 50 Mn Tickets in FY2015
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 used to derive ~25% of business from B2B two years ago, but has consciously reduced this to only 10% currently. The company believes that there is not much cross-selling possibility through the B2B channel. Continue reading Cleartrip embraced Mobile Early for Path to Profitability
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 15% of MakeMyTrip Transactions through Mobile, Hotels & Packages Big Growth Area