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The Nasdaq-listed company settled at $33 dollars apiece on September 1. The stock has risen 31 percent since going public over a decade ago.
MakeMyTrip is looking at hiring 700 to 800 more people this year, including replacements, across its brands – Goibibo, redBus and MakeMyTrip.
Makemytrip invested in AI-based travel app ixigo in 2011. The app was launched in 2007 by Aloke Bajpai and Rajnish Kumar and its investors include Sequoia Capital and Elevation Capital.
Can the upcoming internet IPOs lead to more capital inflows into private markets? What are the lessons for founders when transitioning from a startup to a listed company? Grab the chance to ask your questions to Sanjeev Bikhchandani and Deep Kalra, as they unpack crucial lessons on building and running a publicly listed Internet company.
The National Informatics Centre (NIC) earlier said it had no information about the creators of the Aarogya Setu app.
Deep Kalra, 51, a veteran of Indian travel business industry, describes his management style and his key management advice.
In an email to employees, MakeMyTrip Group Executive Chairman and founder Deep Kalra and Group CEO Rajesh Magow said even as times remain unpredictable, what is evident is that the impact of COVID-19 crisis is going to be long drawn for the company.
"On people costs front, both of us will take the lead and take zero salary effective April 2020, while the rest of our leadership team have also offered to take a reduction of approximately 50 percent in their compensation," Kalra and Magow said in a message to company's employees.
In this Setting Sail podcast series, we’ll give you an insight into startup companies, their journey and how entrepreneurs built their businesses.
Sharing the contours of this mega deal Deep Kalra of MakeMyTrip and Ashish Kashyap of ibibo group told CNBC-TV18, more than competitive pressures, the objective of the merger is to bring the offline segments of the travel market online.
JW Marriott Mumbai Sahar & JW Marriot Mussoorie Walnut Grove Resort & Spa stand winners at the #ReadersTravelAwards in Condé Nast Traveller India's
The company has signed an agreement for the acquisition of a minority stake and will pick up around 28 percent stake in HolidayIQ for USD 15 million, MakeMyTrip said in a statement.
Country's largest lender State Bank of India (SBI) said it has chalked out a plan to give thrust to its mobile banking channel and exuded confidence that it will soon emerge as a top player in the segment.
The Board of MakeMyTrip Ltd has approved the formation of an investment committee to deploy the funds as per its discretion in various startups and mid-size companies in travel and tourism sector, or technology/mobile companies powering this sector.
MakeMyTrip, the largest online travel booking company in India which went public a year ago, reported market-beating quarterly results on a 58% jump in hotels and packages revenue.
Indian travel firm MakeMyTrip Ltd expects to see the country's online travel industry consolidate in the near-term, as the fast-growing market becomes one of the world's largest, its chief executive said.
On the tenth anniversary for Young Turks, a veteran from the ecommerce space shares his expertise with the budding new five entrepreneurs in the field.