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{{short description|Indian online travel company}}{{Advert|date=August 2023}}{{Use Indian English|date=March 2015}}{{Use dmy dates|date=July 2023}}

factoids

| founder = Deep Kalra| area_served = Worldwide| industry = Online travel Deep Kalra (chairman) Chief executive officer>CEO) Chief technology officer>CTO) Chief financial officer>CFO) }}| products = Booking flights, hotels, holidays, buses, trains and carsTITLE=MAKEMYTRIP'S FY23 NET LOSS NARROWS WORK=MINT LANGUAGE=EN, | num_employees = 3,338 (2022)| parent = MakeMyTrip Limited (MMYT)Gurugram, Haryana| location_country = India| homepage = {{official URL}}}}MakeMyTrip is an Indian online travel company, which was founded in 2000. Its headquarter is located in Gurugram, Haryana, the company provides online travel services including airline tickets, domestic and international holiday packages, hotel reservations, rail and bus tickets. {{asof|June 2023|post=,}} the company has 146 active franchisees operating in over 100 cities.WEB, Haris, Mohammad, 2023-03-29, MakeMyTrip To Expand Footprint in India, Aims to Grow Franchisees By 50% In 2023,weblink 2023-08-10, News18, en, MakeMyTrip also has international offices located in New York, Singapore, Kuala Lumpur, Phuket, Bangkok, Dubai, and Istanbul.WEB, Story of MakeMyTrip, the Revolutionary E-commerce,weblink 2023-08-10, The CEO Magazine India, en, In September 2019, Ctrip / Trip.com Group, the largest online travel agency in China and one of the largest travel service providers in the world,NEWS, November 9, 2017, Where The Big Four Online Travel Agencies — Expedia, TripAdvisor, Ctrip, & Priceline — Are Placing Their Bets,weblink CB Insights Research, completed a share exchange with Naspers and became the single largest shareholder of MakeMyTrip.PRESS RELEASE,weblink Completion of Naspers share exchange transaction with Ctrip, Naspers, September 5, 2019, PRESS RELEASE,weblink Ctrip Announces Share Exchange Transaction with Naspers, PR Newswire, April 26, 2019, In 2016, MakeMyTrip acquired the Ibibo group, which owned sites such as Goibibo and Redbus.in.

History

Founded by Deep Kalra,WEB, 2017-08-28, MakeMyTrip bets on hotel business to drive growth,weblink live,weblink" title="web.archive.org/web/20170828081319weblink">weblink 2017-08-28, 2019-01-02, The New Indian Express, an alumnus of IIM-Ahmedabad in year 2000 MakeMyTrip was launched in US market to cater to the overseas Indian community for their US to India travel needs. It started its Indian operations in September 2005 by offering online flight tickets to Indian travellers and also started focussing on non-air businesses like holiday packages and hotel bookings.WEB, 2023-12-18, MakeMyTrip Success Story - Becoming India's Top Travel Startup,weblink live,weblink 2019-08-17, 2024-05-04, StartupTalky, en, MakeMyTrip limited was listed on the NASDAQ on 17 September 2010 after its initial public offering.NEWS, A new journey begins for MakeMyTrip,weblink live,weblink" title="web.archive.org/web/20100815233101weblink">weblink 2010-08-15, 2018-10-23, Rediff, MakeMyTrip also acquired Luxury Tours and Travel Private Limited (Singapore), ITC Group Hotel Travel Group, and ETB Group—to enter new markets in Southeast Asia and Europe. In September 2014, MakeMyTrip instituted a $15 million innovation fund to support travel start-ups.WEB, 23 September 2014, MakeMyTrip's early-stage investment fund is an extension to M&A strategy: Magow,weblink VCCircle, In April 2015 MakeMyTrip acquired MyGola, a travel planning website. The acquisition was done through the innovation fund, and all employees of MyGola were absorbed into the MakeMyTrip team.NEWS, Krishnamurthy, Krithika, 21 April 2015, MakeMyTrip acquires travel startup Mygola, The Economic Times,weblink In July 2015, MakeMyTrip invested in the travel information and hotel review portal HolidayIQ and picked up approximately 30% stake in the company.NEWS, Chanchani, Madhav, 2015-06-23, MakeMyTrip picks up 28% stake for 95 crore in HolidayIQ to boost hotels & holidays business,weblink live,weblink" title="web.archive.org/web/20150728085437weblink">weblink 2015-07-28, 2019-01-02, The Economic Times, In the same month, it invested $5 million in a startup called Bona Vita.WEB, Jain, Samiksha, 2015-07-30, MakeMyTrip invests $5M in travel start-up Bona Vita, acquires 67% stake,weblink live,weblink" title="web.archive.org/web/20150910131346weblink">weblink 2015-09-10, 2019-01-02, Entrepreneur, en, In January 2016, the travel booking company Ctrip agreed to invest $180 million in MakeMyTrip.NEWS, Reporter, B. S., 2016-01-08, Ctrip buys $180-mn stake in MakeMyTrip,weblink live,weblink" title="web.archive.org/web/20160109070257weblink">weblink 2016-01-09, 2019-01-02, Business Standard, In March 2018, the company had 14 company-owned travel stores across 14 cities.WEB, Marya, Ashita, 2020-01-01, MMT: Game-Changer In The Travel Industry,weblink live,weblink 2023-06-07, 2023-08-10, Entrepreneur, en, WEB, MakeMyTrip opens a franchise store in Hubli,weblink dead, 2023-08-10, BW Hotelier, en, The company acquired the Mumbai-based corporate travel management company Quest2Travel for an undisclosed amount in 2019.WEB, Singh, Rajiv, 2019-04-30, MakeMyTrip Acquires Corporate Travel Firm Quest2Travel,weblink live,weblink" title="web.archive.org/web/20190501032822weblink">weblink 2019-05-01, 2023-08-10, Forbes India, en, The company launched myPartner in 2020, a platform for travel agents.WEB, MakeMyTrip opens up its hotel inventory to offline travel agents,weblink 2023-08-10, Business Insider, In May 2021, the company entered into a strategic partnership with the digital payment arm of Amazon⁣—⁣Amazon Pay for providing travel services on Amazon.NEWS, Abrar, Peerzada, 1 November 2021, MakeMyTrip and Amazon Pay form strategic tie-up to offer travel services, Business Standard India,weblink 28 November 2021, By March 31, 2022, the company had over 125 franchisee-owned travel stores throughout India.WEB, MakeMyTrip Limited (MMYT) company profile & facts – Yahoo Finance,weblink 2023-08-10, au.finance.yahoo.com, en-AU, They also leased offices in South-East Asia, Dubai, the USA, and Latin America.NEWS, MakeMyTrip plans to enhance business-to-business segment, Economic Times,weblink In April 2022, TripMoney, the fintech arm of MakeMyTrip, announced the acquisition of BookMyForex, an online foreign exchange services provider, BookMyForex.WEB, Rudra, Tapanjana, 2022-04-05, MakeMyTrip's Fintech Arm Acquires Majority Stake In Foreign Currency Exchange BookMyForex,weblink 2023-08-10, Inc42 Media, en, As of June 2023, they have 146 active franchisees operating in over 100 cities.WEB, Haris, Mohammad, 2023-03-29, MakeMyTrip To Expand Footprint in India, Aims to Grow Franchisees By 50% In 2023,weblink 2023-08-10, News18, en, They also have international offices located in New York, Singapore, Kuala Lumpur, Phuket, Bangkok, and Dubai.

MakeMyTrip and Ibibo Group merger

In 2016, MakeMyTrip and Ibibo Group, India's largest travel booking portals, merged through a stock transaction. Through this transaction, MakeMyTrip acquired its rival, Ibibo Group, in one of the biggest acquisition in India's online travel space.WEB, MakeMyTrip Limited and ibibo Group to combine,weblink live,weblink 2018-11-23, 2018-10-28, www.naspers.com,

Products and services

MakeMyTrip provides flights, places to stay, villas and homestays, rail and bus tickets, inter-city cab service, holiday packages, forex, and hotel booking services on its portal. In 2012, MakeMyTrip launched travel mobile applications for Windows Phone, iPhone, Android, and Blackberry devices. In 2012, MakeMyTrip launched routeplanner, allowing users to search across 1 billion routes and modes within India.WEB, NextBigWhat, MakeMyTrip launches routeplanner – competes directly with iXiGo?,weblinkweblink" title="web.archive.org/web/20121117211124weblink">weblink dead, 17 November 2012, www.nextbigwhat.com, It provides information on distance, available modes of transport (flights, trains, buses, cabs), estimated duration, and fares.WEB, 2013-02-05, MakeMyTrip launches new travel application,weblink 2023-08-10, BusinessLine, en,

Booking and ticketing

Air-ticketing

The company started its air ticketing operations in 2000 under the MakeMyTrip brand. Their air ticketing business primarily serves domestic and international travel to and from India.NEWS, 2016-10-19, MakeMyTrip, Ibibo merge to create mega online travel co, The Times of India,weblink 2023-08-10, 0971-8257, In 2017, they expanded their operations by acquiring the ibibo Group, which operates the Goibibo brand.WEB, 2016-10-18, MakeMyTrip acquires ibibo Group for nearly Rs 12,000 crore,weblink 2023-08-10, Zee Business,

Hotels

MakeMyTrip ventured into the hotels and packages business in 2005 and manages it through MMT India and Goibibo.WEB, Nair, Regina Anthony, 2008-12-14, Online travel firms see spurt in business,weblink 2023-08-10, mint, en, As of 2020, it had over 60,000 accommodation properties in India and 5,00,000 outside the country listed on its site.WEB, 2020-08-25, MakeMyTrip taps offline agents to bring back business, post-COVID-19,weblink 2023-08-10, Moneycontrol, en,

Bus-ticketing

The company owns and operates its bus ticketing business primarily through redBus, an online platform for bus ticketing.NEWS, MakeMyTrip-owned RedBus plans integrated end-to-end online travel solutions, www.business-standard.com,weblink The company has partnerships with various major bus operators in India, Peru, Colombia, and select countries in Southeast Asia.WEB, Sahay, Priyanka, 2016-07-11, redBus acquires majority stake in Peru-based Busportal,weblink 2023-08-10, mint, en,

References

{{Reflist}}

External links

• {{Official websiteweblink}}

{{Finance links| symbol = MMYT| sec_cik = MMYT| google = Nasdaq:MMYT| yahoo = MMYT| bloomberg = MMYT:US| reuters = MMYT.OQ| nasdaq = MMYT}}{{Travel ticket search engines}}