News

MakeMyTrip logs record $18.6 mn in profit amid robust travel demand in Q1FY24 Leading travel service provider MakeMyTrip on Tuesday reported a strong first quarter results for FY24, logging $18.6 million in profit as compared to a loss of $10 million in the year-ago quarter. Travel demand for both leisure and business travel witnessed strong growth during the quarter leading to all-time high gross bookings in the company’s history, it said in a statement.  For Q1 FY24, gross bookings grew by 31.4 per cent (on-year) in constant currency to $2 billion. ...
MakeMyTrip logs record $18.6 mn in profit amid robust travel demand in Q1FY24
MakeMyTrip logs record $18.6 mn in profit amid robust travel demand in Q1FY24
Source: IANS
1/08/2023 6:00:13 PM
MakeMyTrip makes discovering India easy on the pocket with new `Incredible India Incredible Prices` Feature Very few countries can lay claim to a diverse canvas of breath-taking destinations like India. The pandemic made Indian travellers explore the country like never before, ensuring sustained growth for the sector. As per on-platform data of MakeMyTrip, Indian travellers, especially in the age group of 22-30 years and 36-45 years, demonstrate a strong Carpe Diem bent of mind to travel. These high-intent cohort groups book multiple holidays yearly, using every possible window to discover new plac...
MakeMyTrip makes discovering India easy on the pocket with new `Incredible India Incredible Prices` Feature
MakeMyTrip makes discovering India easy on the pocket with new `Incredible India Incredible Prices` Feature
Source: PR Agency
29/06/2023 11:35:33 AM
MakeMyTrip launches industry-first, bundled offering for Indian Students traveling abroad  This time every year, a large number of students from India travel overseas to pursue their educational dreams. The students travel for extended stays, so their requirements are atypical of the regular traveler. Some even travel with parents which compounds additional travel requirements. Extra baggage, for instance, is one of the essential requirements, as additional baggage fees can be burdensome. As the new-term season lifts off, MakeMyTrip, India’s travel super-app, has tie...
MakeMyTrip launches industry-first, bundled offering for Indian Students traveling abroad
MakeMyTrip launches industry-first, bundled offering for Indian Students traveling abroad
Source: PR Agency
9/06/2023 9:04:52 AM
MakeMyTrip logs $70.3 mn operating profit in FY23, highest-ever in its history Leading travel service provider MakeMyTrip on Tuesday said the gross bookings for fiscal year FY23 grew by 122 per cent (year-on-year) to reach $6.6 billion with adjusted operating profit at $70.3 million, a growth of 203 per cent (YoY) and highest-ever for the company. The gross Bookings for Q4 grew by 80.7 per cent YoY in constant currency to $1.7 billion. Adjusted operating profit was $19 million in Q4, as compared to $12 million in Q4 FY22. The company registered $5.4 million profit...
MakeMyTrip logs $70.3 mn operating profit in FY23, highest-ever in its history
MakeMyTrip logs $70.3 mn operating profit in FY23, highest-ever in its history
Source: IANS
17/05/2023 9:41:37 AM
MakeMyTrip logs $70.3 mn operating profit in FY23, highest-ever in its history Leading travel service provider MakeMyTrip on Tuesday said the gross bookings for fiscal year FY23 grew by 122 per cent (year-on-year) to reach $6.6 billion with adjusted operating profit at $70.3 million, a growth of 203 per cent (YoY) and highest-ever for the company. The gross Bookings for Q4 grew by 80.7 per cent YoY in constant currency to $1.7 billion. Adjusted operating profit was $19 million in Q4, as compared to $12 million in Q4 FY22. The company registered $5.4 million profit...
MakeMyTrip logs $70.3 mn operating profit in FY23, highest-ever in its history
MakeMyTrip logs $70.3 mn operating profit in FY23, highest-ever in its history
Source: IANS
16/05/2023 7:53:33 PM
Reshaping the travel booking landscape with generative AI In a landmark move, MakeMyTrip collaborates with Microsoft to make travel planning more inclusive and accessible by introducing voice-assisted booking in Indian languages. The new, in-platform tech stack powered by Microsoft Azure OpenAI Service and Azure Cognitive Services, will converse with the user to offer personalised travel recommendations based on their preferences; curate holiday packages based on variable inputs like occasion, budget, activity preferences, time of travel, etc., a...
Reshaping the travel booking landscape with generative AI
Reshaping the travel booking landscape with generative AI
Source: IANS
9/05/2023 4:11:42 PM
MakeMyTrip introduces Microsoft AI to make travel more inclusive, accessible Leading online travel company MakeMyTrip on Monday said it has collaborated with Microsoft to make travel planning more inclusive and accessible by introducing voice assisted booking in Indian languages. The new, in-platform tech stack powered by Microsoft Azure OpenAI Service and Azure Cognitive Services, will converse with the user to offer personalised travel recommendations based on their preferences and curate holiday packages. "We have pioneered offerings at the intersection ...
MakeMyTrip introduces Microsoft AI to make travel more inclusive, accessible
MakeMyTrip introduces Microsoft AI to make travel more inclusive, accessible
Source: IANS
8/05/2023 4:34:49 PM
Indian startups must boost corporate governance, set norms for G20 nations: Amitabh Kant Indian startups must give priority to good governance and financial management and create new benchmarks not only for India but also for other G20 nations, G20 Sherpa Amitabh Kant has stressed. Globally, startups have evolved into the catalyst for economic recovery, reorientation and growth driven by innovation. At the sidelines of a think tank conference organised by Nishith Desai Associates and TiE Mumbai recently, Kant reiterated the importance of developing the corporate governance ...
Indian startups must boost corporate governance, set norms for G20 nations: Amitabh Kant
Indian startups must boost corporate governance, set norms for G20 nations: Amitabh Kant
Source: IANS
4/05/2023 4:36:56 PM
Now book hotels on MakeMyTrip with zero payment Global travel service provider MakeMyTrip on Tuesday launched a new feature "Book With Zero Payment", which will allow travellers to book a room in hotels or homestays without any payment. According to the company, the new feature will solve anxiety related to uncertain travel plans as users do not need to pay at the time of booking but much closer to the check-in date. "Our attempt is to offer flexibility and alleviate any anxiety related to hotel booking with the launch...
Now book hotels on MakeMyTrip with zero payment
Now book hotels on MakeMyTrip with zero payment
Source: IANS
25/04/2023 1:43:53 PM
MakeMyTrip experimenting with ChatGPT to boost customer experiences  Global travel service provider MakeMyTrip is experimenting with artificial intelligence (AI) chatbot ChatGPT to see if its integration can make customer experiences and their vacation planning better on the platform, the company has said. Sanjay Mohan, Group CTO at MakeMyTrip (MMT), told IANS that the ChatGPT integration is at a very early stage and the company will decide to use it only if satisfied with results. "Our teams are currently testing ChatGPT for helping customers...
MakeMyTrip experimenting with ChatGPT to boost customer experiences
MakeMyTrip experimenting with ChatGPT to boost customer experiences
Source: IANS
21/02/2023 2:12:30 PM
MakeMyTrip curates 300+ customised Honeymoon Packages across 26 domestic and international destinations * Trains a special team of all-women Honeymoon Planners to guide the honeymooners * Adds special inclusions to help newlyweds start their life together in style * The packages start from INR 24,999 for domestic and INR 44,999 for international holidays MakeMyTrip, India’s leading online travel company, introduced specially curated honeymoon product bouquet with a promise to wow! The 300+ handcrafted itineraries span 26 destinations around the globe. They are designed to weave b...
MakeMyTrip curates 300+ customised Honeymoon Packages across 26 domestic and international destinations
MakeMyTrip curates 300+ customised Honeymoon Packages across 26 domestic and international destinations
Source: PR Agency
15/02/2023 2:12:28 PM
Travel & Tourism industry seeks government assistance in upcoming budget  The Travel and Tourism industry has sought assistance from the government in the upcoming budget in enhancing the structural transformation that is needed to build a stronger, more sustainable and resilient tourism industry. Rajesh Magow, Co-Founder and Group CEO of MakeMyTrip said that the Indian travel and tourism industry has shown great resilience, domestic leisure travel has recovered well past pre-pandemic levels, though the long-haul international travel still lags. At this...
Travel & Tourism industry seeks government assistance in upcoming budget
Travel & Tourism industry seeks government assistance in upcoming budget
Source: IANS
21/01/2023 9:50:34 AM
Darwinbox, Microsoft join hands to elevate employee experience HR tech unicorn Darwinbox and Microsoft on Tuesday announced a collaboration to empower organisations globally and redefine the future of work. DarwinBox also received investments from Microsoft as a strategic investor for an undisclosed sum. Darwinbox aims to elevate employee experience through its human capital management (HCM) software-as-a-service (SaaS) platform using Microsoft Azure Cloud and AI. "As we align on the joint vision of helping our customers unlock new levels o...
Darwinbox, Microsoft join hands to elevate employee experience
Darwinbox, Microsoft join hands to elevate employee experience
Source: IANS
17/01/2023 11:15:36 AM
Super Sixed Corporate Cricket Tournament 2023 Knock Out for Economic Empowerment of Next Generation I st Edition PHDCCI Super Sixes Corporate Cricket Tournament 2023 Knock Out for Economic Empowerment of Next Generation at the Warriors Cricket Club, Baliawas, Gurgaon The Sports Committee of PHD Chamber of Commerce and Industry under the Chairmanship of Mr Ankush Nijhawan organized the 1st edition of PHDCCI Super Sixes Corporate Cricket Tournament on Sunday, 15th January 2023 from 8:00 AM -7:00 PM at Warriors Cricket Club, Baliawas, Gurugram. PHDCCI aims to serve a...
Super Sixed Corporate Cricket Tournament 2023 Knock Out for Economic Empowerment of Next Generation
Super Sixed Corporate Cricket Tournament 2023 Knock Out for Economic Empowerment of Next Generation
Source: PR Agency
16/01/2023 5:36:24 PM
MakeMyTrip`s B2B platform MyBiz logs 3X growth over pre-Covid period MakeMyTrip's B2B platform MyBiz has doubled its bookings over last year and grown more than three times over pre-Covid period, the company said on Thursday. MyBiz offers services like booking domestic and international flights, hotels in India and overseas, train, cabs, bus, forex, visa and corporate clients. According to the company, MyBiz currently serves more than 6,300 large and mid-market corporates and more than 39,900 small and medium enterprises (SMEs). The result is that...
MakeMyTrip`s B2B platform MyBiz logs 3X growth over pre-Covid period
MakeMyTrip`s B2B platform MyBiz logs 3X growth over pre-Covid period
Source: IANS
24/11/2022 12:39:26 PM
MakeMyTrip`s fintech arm, TripMoney sees over 270% increase in sale of non-COVID, byte-size insurance cover in 10 months since January 2022 National, November 15, 2022— MakeMyTrip’s fintech arm, TripMoney has recorded more than 270% increase in sale of non-COVID, byte-size insurance benefit covers against unexpected emergencies such as travel cancellation for any reason, loss of baggage or mobile device, identity documents theft, home burglary, medical exigency etc. when travelling, this year. While insurance covers for international travel have always been considered a must-have, today, there is a noticeable increase...
MakeMyTrip`s fintech arm, TripMoney sees over 270% increase in sale of non-COVID, byte-size insurance cover in 10 months since January 2022
MakeMyTrip`s fintech arm, TripMoney sees over 270% increase in sale of non-COVID, byte-size insurance cover in 10 months since January 2022
Source: PR Agency
15/11/2022 3:14:16 PM
Key News - Tata Sons, Dr Reddy's Labs, APM Terminals Pipavav, Maruti Suzuki India, MakeMyTrip , Waaree, By ARETE Securities Key News Ratan Tata, Tata Sons welcome SC dismissal of review petition by SP Group Veteran industrialist Ratan Tata and Tata Sons on Thursday welcomed the Supreme Court's dismissal of a plea of the Shapoorji Pallonji (SP) group seeking a review of the verdict that upheld the Tata group's removal of Cyrus Mistry as Chairman of Tata Sons. Reacting to the development, in a statement Tata, who is the Chairman Emeritus said, "We would like to express our grateful appreciation o...
Key News - Tata Sons, Dr Reddy's Labs, APM Terminals Pipavav, Maruti Suzuki India, MakeMyTrip , Waaree, By ARETE Securities
Key News - Tata Sons, Dr Reddy's Labs, APM Terminals Pipavav, Maruti Suzuki India, MakeMyTrip , Waaree, By ARETE Securities
Source: ARETE Securities Ltd
20/05/2022 9:23:08 AM
MakeMyTrip acquires foreign exchange services provider BookMyForex  As India reopened international travel last month after two years of the pandemic, MakeMyTrip's fintech arm TripMoney on Tuesday said it has acquired a majority stake in BookMyForex, India's leading online foreign currency exchange services provider, for an undisclosed sum. With this move, BookMyForex's suite of services, including currency exchange that offers real-time exchange rate, multi-currency prepaid forex cards, cross border remittances as well as other ancillary...
MakeMyTrip acquires foreign exchange services provider BookMyForex
MakeMyTrip acquires foreign exchange services provider BookMyForex
Source: IANS
5/04/2022 4:57:21 PM
MakeMyTrip forays into NFTs to display unexplored domestic landscapes Online travel platform MakeMyTrip on Monday announced to foray into the world of non-fungible tokens (NFTs) to celebrate the popular as well as unexplored travel landscapes in the country. The first batch of these digitally-crafted artworks cover the majestic landscapes of Goa, Ladakh, Orissa, Himachal, Kashmir, Kerala, Meghalaya, Rajasthan and Andamans. MakeMyTrip said it will pass on all proceeds from the sale of these NFTs to promote sustainable tourism in the country. Each artwor...
MakeMyTrip forays into NFTs to display unexplored domestic landscapes
MakeMyTrip forays into NFTs to display unexplored domestic landscapes
Source: IANS
14/03/2022 12:29:25 PM
IndiGo moves up on partnering with MakeMyTrip IndiGo is currently trading at Rs. 1956.15, up by 123.40 points or 6.73% from its previous closing of Rs. 1832.75 on the BSE. The scrip opened at Rs. 1885.00 and has touched a high and low of Rs. 1959.30 and Rs. 1870.00 respectively. So far 41443 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2379.00 on 16-Nov-2021 and a 52 week low of Rs. 1502.90 on 20-Apr-2021. Last one week high and low of the scrip stood a...
IndiGo moves up on partnering with MakeMyTrip
IndiGo moves up on partnering with MakeMyTrip
Source: Accord Fintech
25/02/2022 1:28:06 PM
MakeMyTrip Founder Deep Kalra moves into chief mentor role MakeMyTrip Founder and Chairman Deep Kalra is moving to a chief mentor's role, 21 years after founding the startup. Kalra has been the Group Executive Chairman of MakeMyTrip since February 11, 2020. According to an SEC filing, the company said: "In his new role as Group Chairman and Chief Mentor effective April 1, 2022, which was approved by the board of directors of MakeMyTrip, Deep Kalra will devote his time in providing mentorship to MakeMyTrip's leadership team, as well...
MakeMyTrip Founder Deep Kalra moves into chief mentor role
MakeMyTrip Founder Deep Kalra moves into chief mentor role
Source: IANS
26/01/2022 9:18:14 AM
Key News - MakeMyTrip, Google, Cradlewise, Kalyan Jewellers India Ltd By ARETE Securities Key News MakeMyTrip partners with IndiGo to launch charter flights to Phuket Travel company MakeMyTrip has partnered with IndiGo airline to launch exclusive charter flights between Mumbai and Phuket in Thailand, according to a statement on Wednesday. "As the pandemic eases and countries begin welcoming back Indian travellers, MakeMyTrip together with IndiGo, is making travelling to the island easy while Phuket continues to remain closed for direct flyers from India," the state...
Key News - MakeMyTrip, Google, Cradlewise, Kalyan Jewellers India Ltd By ARETE Securities
Key News - MakeMyTrip, Google, Cradlewise, Kalyan Jewellers India Ltd By ARETE Securities
Source: ARETE Securities Ltd
11/11/2021 9:33:30 AM
Exclusive-Paytm, MakeMyTrip, Infosys offer to help India with COVID vaccine bookings BENGALURU  - Paytm, Infosys and MakeMyTrip are among companies seeking approval in India to provide online COVID-19 vaccine bookings, the head of the government's tech platform said, as the country tries to make it easier for its huge population to book shots. The government relaxed rules last month to potentially allow third-party apps to offer vaccine bookings and has taken back control of procurement from states following delays and shortages. It also faced initial problems wit...
Exclusive-Paytm, MakeMyTrip, Infosys offer to help India with COVID vaccine bookings
Exclusive-Paytm, MakeMyTrip, Infosys offer to help India with COVID vaccine bookings
Source: Reuters
10/06/2021 5:01:01 PM
Companies step forward to strengthen Covid-relief efforts in India Online travel major MakeMyTrip on Thursday announced a partnership with over 500 hotels across multiple cities offering safe and comfortable isolation rooms for patients affected with Covid-19.   These cities include Delhi NCR, Mumbai, Bengaluru, Hyderabad, Cochin, Lucknow, Kolkata, Pune, Jaipur, Chennai, Ahmedabad, Chandigarh and Ludhiana, among others.   The rooms can be booked via the MakeMyTrip platform. Most of the hotels are also offering an all-meals inclusive rat...
Companies step forward to strengthen Covid-relief efforts in India
Companies step forward to strengthen Covid-relief efforts in India
Source: IANS
28/05/2021 10:19:47 AM
MakeMyTrip raises Rs 1,458 cr through 0% interest coupon bond Online travel major MakeMyTrip on Friday announced fund raising of $200 million (approximately Rs 1,458 crore) through zero per cent interest coupon bond. The latest fund raise for the company comes at a time when the travel and tourism industry has been hit hard by the Covid-19 pandemic. "While the travel industry is in the midst of very difficult times, we are pleased with the overwhelming response to our convertible bond offering," Mohit Kabra, Group Chief Financial Officer...
MakeMyTrip raises Rs 1,458 cr through 0% interest coupon bond
MakeMyTrip raises Rs 1,458 cr through 0% interest coupon bond
Source: IANS
6/02/2021 10:38:12 AM