1. Articles in category: Travel

    1-24 of 520 1 2 3 4 ... 20 21 22 »
    1. MakeMyTrip Q2 net revenue surges on ibibo buy, losses expand

      MakeMyTrip Q2 net revenue surges on ibibo buy, losses expand

      Nasdaq-listed MakeMyTrip Ltd, India’s largest online travel services provider, said on Wednesday net revenue for the quarter through September more than doubled but higher expenses widened its losses. Net revenue, or revenue excluding service costs, surged 156.5% in constant currency terms to $139.2 million in the July-September period from $53.2 million a year earlier. Gross revenue rose 79.4% to $152.9 million. However, net revenue fell sequentially from $141.2 million in the first quarter.

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    2. Yatra gets OYO onboard again after delisting it two years ago

      Yatra gets OYO onboard again after delisting it two years ago

      Nasdaq-listed online travel portal Yatra has inked a partnership with OYO to bring the online hospitality firm’s inventory on its platform to strengthen its footprint in tier II & III markets in India with budget hotels. Note that in October 2015, Online travel websites MakeMyTrip (MMT), Goibibo and Yatra had delisted budget hotel chains OYO from their platforms.

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    3. Yatra closes debt funding of Rs100 crore from Innoven Capital

      Yatra closes debt funding of Rs100 crore from Innoven Capital

      With MakeMyTrip-Goibibo dominating the Online Travel Agency (OTA) space, Nasdaq-listed online travel portal Yatra has closed a debt funding of  Rs 100 crore ($15.4 million) from Innoven Capital. The funds will be utilized to meet the working capital required by Yatra to grow further and expand its offerings across geographies.

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    4. Ashish Kashyap quits MakeMyTrip as Co-Founder & President

      Ashish Kashyap quits MakeMyTrip as Co-Founder & President

      Online travel company MakeMyTrip Limited has announced the resignation of its Co-founder and President Ashish Kashyap, with effect from September 30, 2017.

      Kashyap was founder and CEO of ibibo Group, who joined MakeMyTrip’s executive team as a Co-founder and President of the organization at the time of the MakeMyTrip and ibibo merger last year.

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    5. Cleartrip partners Cafe Coffee Day for offline gift cards presence

      Cleartrip partners Cafe Coffee Day for offline gift cards presence

      The Cleartrip gift cards will be available for offline purchase in 936 Cafe Coffee Day stores in 15 cities across India.

      Online travel agent Cleartrip has tied up with coffee chain Cafe Coffee Day as part of which Cleartrip gift cards would be available for purchase to latter’s customers. The move is aimed at establishing an offline retail presence for Cleartrip local gift cards.

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    6. Online travel agent Goomo raises $50 million from PE fund Emerging India

      Online travel agent Goomo raises $50 million from PE fund Emerging India

      Online travel agency Goomo, which was launched three months ago, has raised $50 million in funding from private equity firm Emerging India, reports Tnooz. In February this year, Mauritius-based Emerging India had acquired a majority stake in Mumbai-based travel agency Orbit Tours and Travels, following which Goomo was launched in March.

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    7. BoycottMakeMyTrip trends on Twitter as MakeMyTrip co-founder makes a controversial statement on Beef Ban in India

      BoycottMakeMyTrip trends on Twitter as MakeMyTrip co-founder makes a controversial statement on Beef Ban in India

      Keyur Joshi’s statement led to a big loss to MakeMyTrip as well, with many giving low ratings and uninstalling the app.

      The debate on whether beef ban is right or wrong has forever been a sensitive issue in India. Even if you are sitting in a small group, you can not possibly pass a comment on the ban without hurting at least one person’s sentiments. Then social media is a gigantic space, and how do you expect to get out of that, unhurt and without having hurt anyone.

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    8. Paytm to now focus on travel, hotels and movie ticketing with multiple offers and discounts

      Paytm to now focus on travel, hotels and movie ticketing with multiple offers and discounts

      Paytm will take on BookMyShow, MakeMyTrip, Cleartrip, and more with the new offering.

      Paytm has been spreading its wings in the country especially after the demonetization move. The company managed to get $1.4 billion in funding from Softbank and is now looking at expanding into newer segments on the heels of this funding. The targeted segments are Travel, Hotels and Movie Ticketing.

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    9. Hacker reveals how a bug in Air India, ClearTrip, SpiceJet apps could have allowed one to roam the world for free

      Hacker reveals how a bug in Air India, ClearTrip, SpiceJet apps could have allowed one to roam the world for free

      A white hat hacker discovered major security loopholes in the booking systems of major airlines and travel portal.

      Ever aspired to take the air route to travel the world, but always ended up with disappointment owing to costly fares? Then you might find this interesting.

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    10. MakeMyTrip has 7 million monthly active users on mobile; revenue up 36.4%

      MakeMyTrip has 7 million monthly active users on mobile; revenue up 36.4%

      Online travel agent MakeMyTrip says that it has more than 7 million monthly active users (MAUs) for its mobile apps and more than 33.5 million cumulative app downloads at the end of December 2016. The company takes into account apps installed on Android, iPhone and Windows Phone platforms.

      The company said that it is now focussing on a mobile first approach. MakeMyTrip said that 74% of domestic hotels orders are on mobile and 48% of domestic flight orders are from mobile.

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      Mentions: MakeMyTrip
    11. OYO Rooms expands Townhouse to Hyderabad

      OYO Rooms expands Townhouse to Hyderabad

      Budget hotel aggregator OYO Rooms has expanded its Townhouse service to Hyderabad. Unlike OYO Rooms, ‘Townhouses’ are entirely operated by OYO, giving the company more control over its operations. This is the fifth Townhouse from Oyo, since it introduced them in in January this year. The other four hotels in the portfolio are located in Delhi-NCR. The rooms are priced Rs 2500 and upwards.

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    12. Budget hotel chain Treebo delists from MakeMyTrip and Goibibo: report

      Budget hotel chain Treebo delists from MakeMyTrip and Goibibo: report

      Budget hotel chain Treebo has pulled out its property listings from MakeMyTrip and Ibibo citing high commission charges, according to this ET report. The company’s CEO Sidharth Gupta told the publication that the commission fee charged by MakeMyTrip/Goibibo “ wasn’t sustainable in our model, and when we weren’t able to get it reduced, we thought it would be better for our businesses, to go our different ways.

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    13. Fosun International : Kinzon Capital & Sequoia Capital India invest $15 Mn in ixigo

      New Delhi, 21 March 2017 - ixigo, India's leading travel search app has raised $15 Million (INR 100 crores) in its Series B round from Sequoia Capital India and Fosun Kinzon Capital, the investment arm of Chinese conglomerate Fosun International. ixigo will utilize the funds raised in this round towards strengthening its team, expanding its brand awareness, and reinforcing its technology leadership in mobile travel search & booking.

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    1-24 of 520 1 2 3 4 ... 20 21 22 »
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  3. Organizations in the News

    1. (1 articles) Deep Kalra
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    5. (1 articles) MakeMyTrip Ltd
    6. (1 articles) Tencent Holdings
  4. People in the News

    1. (1 articles) Ashish Kashyap