|
MakeMyTrip.com is a one-stop travel website that offers real time bookings
from anytime, anywhere. Deep Kalra, founder and CEO, MakeMyTrip says, “The
power of information and decision making rests with the customer, bringing about
a change from the travel agent scenario.” The Indian search engine, aptly
termed Fare Pundit, consolidates the lowest airfares from all airlines on a
single platform for the best deal. It books about 2000 air tickets and 150 hotel
rooms daily. The business model entails real-time travel booking on flights and
hotels, round the clock customer support, lowest airfare guarantee along with
the convenience of booking anytime, anywhere.
| MakeMyTrip.com |
|
|
|
Deep Kalra, founder &
CEO
Founded:
September 2005
CEO: Deep Kalra
Investors: Originally funded in 2000
by eVentures. Post their exit, the management of MakeMyTrip.com bought out
their stake. Presently Softbank Asia Infrastructure Fund holds a little
more than 50%.
Initial Business Model: Focussed on
NRI's traveling to India
Current Business Model: Concentrates
on travel to, from and within India. Both businesses (in-bound and NRIs
and Indians traveling in and out of India) will contribute to the current
fiscal.
Revenues: Have already done $ 41 mn |
Unlike most of its counterparts, MakeMyTrip.com is focused only on its online
travel business. It has served over 40,000 NRIs in the last five years. It has a
registered database of 125,000 NRIs and has an impressive y-o-y customer renewal
rate of 30%. The portal would continue to concentrate on the online travel
segment. “It would continue with the pioneering work in the online travel
industry, so you will see a lot of firsts being introduced by MakeMyTrip.com,”
Kalra adds.
Team DQ Page(s) 1
| 
Print
Comment
Email
Digg
Del.icio.us
Reddit
Twitter
