🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
EaseMyTrip invests Rs 90 Cr in two overseas firms; enters medical tourism space
Entrackr
·
10m ago
Medial
Online travel aggregator (OTA) platform EaseMyTrip has acquired a 30% stake in Rollins International and a 49% stake in Pflege Home Healthcare to enter the medical tourism market. The board of directors at EaseMyTrip has approved the acquisition of Rollins International (30%) and Pflege Home Healthcare (49%) at a consideration of Rs 60 crore and Rs 30 crore, respectively, the company’s disclosure accessed from the National Stock Exchange shows. According to the filings, the consideration of Rs 90 crore will be paid to Rollins and Pflege in the form of an equity swap i.e. issuance of EaseMyTrip’s shares. “The acquisition is a strategic expansion into the rapidly growing medical tourism sector and align with EaseMyTrip’s mission to offer holistic travel solutions by integrating wellness and healthcare services into its service portfolio as medical tourism.” the company added in the disclosure. Pflege Healthcare is a UAE-based medical tourism provider which offers international patients access to treatments worldwide with partnerships across top-tier medical institutions and leading hotel chains. Rollins International is a subsidiary of Singapore-based RHA Holding which focuses on wellness, healthcare, and consumer products such as gluten and lactose-free food products, allergen-free health supplements, wellness therapies and treatments. Earlier this month, EaseMyTrip’s board also approved the proposal for the manufacturing of electric buses. Over the years, the company expanded its portfolio through the acquisition of several firms in the travel and hospitality sectors, including Guideline Travels Holidays, TripShope Travel Technologies, and Dook Travels last year. The Nishant Pitti-led firm recorded a 6.8% quarter-on-quarter decrease in its revenue to Rs 152.6 crore in the first quarter of the ongoing fiscal year as compared to Rs 164 crore in Q4 FY24. A slight decline in scale led EasyMyTrips’s profits to down by 13% to Rs 33.92 crore in the same period.
View Source
Related News
EaseMyTrip Rides The Medical Tourism Wave With Two Bets Worth INR 90 Cr
Inc42
·
10m ago
Medial
EaseMyTrip, an Indian online travel company, has approved the acquisition of a 30% stake in Rollins International for INR 60 Cr and a 49% stake in Pflege Home Healthcare for INR 30 Cr. The investments will be made through equity share swaps and signify EaseMyTrip's foray into the medical tourism sector. This move is part of the company's strategy to diversify its offerings and tap into India's growing medical tourism market, which is expected to reach $50.67 billion by 2034.
View Source
Easy Trip Planners enters into definitive agreements for investments in Pflege, Jeewani Hospitality, Planet Education | Company Business News
Livemint
·
8m ago
Medial
Easy Trip Planners, the parent company of EaseMyTrip, has entered into agreements for three strategic acquisitions. They have acquired a 49% stake in Dubai-based Pflege Home Health Care Center for ₹30 crore, expanding into the healthcare and medical tourism sector. They have also acquired a 50% stake in Jeewani Hospitality in Uttar Pradesh for ₹100 crore, aiming to enhance their hotel operations. Additionally, they secured a 49% stake in Australia's Planet Education for ₹39.2 crore, venturing into the international education and student services market. These acquisitions are part of the company's efforts to diversify and strengthen its portfolio.
View Source
DailyRounds posts Rs 281 Cr PAT on Rs 515 Cr revenue in FY23
Entrackr
·
1y ago
Medial
Healthcare-focused edtech platform DailyRounds reported a revenue of over Rs 500 crore ($67 million) and a profit surge of 42% during the fiscal year ending March 2023. The company's flagship product Marrow, a learning platform for medical professionals, contributed 90% of the operating revenue. DailyRounds' expenses were well-controlled, leading to substantial profits. The company faces competition from PrepLadder and Byju's in the medical education segment.
View Source
Why EaseMyTrip is betting on home healthcare, health food ventures
VCCircle
·
10m ago
Medial
EaseMyTrip, an online travel services provider, is expanding its operations into the medical tourism market by acquiring stakes in Rollins International, a healthcare consumer product maker, and home healthcare provider Pflege Home Healthcare. With these acquisitions, EaseMyTrip aims to offer holistic travel solutions by integrating wellness and healthcare services into its portfolio. The company has been diversifying its income streams since going public and has recently ventured into the hospitality business and electric bus manufacturing. These expansions require more resources and time for the company to be successful.
View Source
EaseMyTrip post Rs 161 Cr revenue and Rs 46 Cr profit in Q3 FY24
Entrackr
·
1y ago
Medial
Online travel aggregator (OTA) platform EaseMyTrip on Friday announced its financial results for the quarter ending December 2023 (Q3 FY24). The results show a decent growth in scale and a marginal decline in profit during the quarter. EaseMyTrip ’s revenue from operations increased 13.5% to Rs 160.8 crore in Q3 of FY24 from Rs 141.7 crore in the last quarter (Q2 FY24), as per its consolidated financial statements with the National Stock Exchange. When compared to the third quarter of the previous fiscal year (Q3 FY23), its revenue from operations rose 18.1% from Rs 136.1 crore. EaseMyTrip collected 78% of its revenue from air passage which grew 8% to Rs 125.7 crore during the quarter while revenue from hotel packages spiked 54% to Rs 20.9 crore. The remaining Rs 14.18 crore was generated via other operating services. Including non-operating income of Rs 4.52 crore, the company’s overall collection approached Rs 165.3 crore in Q3 FY24. On the expense side, employee benefits expenses accounted for 21% of the overall spendings which went up 18.5% to Rs 22.16 crore during the period. It spent Rs 16.47 crore on service costs which represent the cost of tour packages, bus and other services. The company also incurred advertising – promotion and payment gateway charges worth Rs 17.48 crore and Rs 12.95 crore in the quarter. In total, EaseMyTrip’s overall expenses rose 31.4% to Rs 105 crore in Q3 FY24 from Rs 79.9 crore during Q2 of the same fiscal year. When it comes to the bottom line, the company’s profits marginally decreased (3%) to Rs 45.68 crore in Q3 as compared to Rs 46.95 crore in Q2 of the same fiscal year. In Q3 FY23 (previous fiscal year), the company had posted Rs 41.7 crore profits. Whereas, the company’s profit before tax stood at Rs 60.26 crore. On a unit level, EaseMyTrip spent Re 0.65 to earn a rupee in Q3 FY24. For the nine months period (Apr-Dec 2024) of FY24, EaseMyTrip posted Rs 426.5 crore revenue from operations with a profit of Rs 118.5 crore. Listed in March 2021 at Rs 13 per share, EaseMyTrip saw its peak in November 2022 at Rs 66 per share. With nearly 300% growth, its current price is roaming around Rs 51 a piece with a market cap of over Rs 9,000 crore or $1 billion.
View Source
EaseMyTrip post Rs 152 Cr revenue and Rs 34 Cr profit in Q1 FY25
Entrackr
·
12m ago
Medial
Online travel aggregator (OTA) platform EaseMyTrip announced its financial results on Tuesday for the quarter ending June 2024. The results show a marginal decline in scale and profit during Q1 FY25. EaseMyTrip’s operating revenue declined by 6.97% to Rs 152.6 crore in Q1 FY25 from Rs 164 crore in Q4 FY 24, as per its unaudited consolidated financial statements filed with the National Stock Exchange. Revenue from air ticketing accounted for 70% of the revenue whereas hotel packages formed 18.05% of the total collection. On a sequential basis, its revenue from operations increased by 23% as compared to Q1 FY24. To the tune of scale, its total expense decreased by 7.19% to Rs 109 crore in Q1 FY25 from Rs 117.48 crore in Q4 FY24. Service cost, payment gateway, employee benefit and advertisement costs were other major overheads for EaseMyTrip during the last quarter. The fall in collection also impacted EaseMyTrip’s profit which reduced 13.29% to Rs 33.92 crore in Q1 FY25 from Rs 39.12 crore in Q4 FY 25. The Delhi-based company spent Rs 0.71 to earn a rupee in Q1FY25. EaseMyTrip is currently trading at Rs 36.7 (as of 16.30 PM) with a total market capitalization of Rs 7,033 crore (approximately $847 million).
View Source
Zomato invests Rs 500 Cr in Blinkit
Entrackr
·
6m ago
Medial
Food tech giant Zomato has invested Rs 500 crore (nearly $60 million) in its quick commerce subsidiary, Blinkit, bringing its total investment in the quick commerce segment to Rs 2,800 crore since the acquisition. The board has Blinkit has passed a resolution to issue 2,537 equity shares at an issue price of Rs 19,70,181 each to raise Rs 500 crore, its regulatory filing accessed from the Registrar of Companies shows. The capital injection into Blinkit comes just two months after Zomato raised Rs 8,500 crore through a Qualified Institutions Placement (QIP). The primary objective of that fundraising was to strengthen Zomato's financial position, enabling business expansion and strategic initiatives, particularly in the quick commerce segment through Blinkit. This marks Zomato's second capital infusion in Blinkit within seven months. In June 2024, it invested Rs 300 crore ($36 million) into the Albinder Dhindsa-led company. Blinkit, formerly known as Grofers, was acquired by the food delivery giant in an all-stock deal valued at Rs 4,477 crore ($568 million).
View Source
Agritech Startup Two Brothers Organic Farms Snags INR 58.25 Cr From Rainmatter Capital, Others
Inc42
·
1y ago
Medial
Two Brothers Organic Farms recently completed a funding round with participation from existing investor Raju Chekuri. The funding will be used to support the startup's business growth in India and overseas, as well as explore demand side opportunities and expand supply side operations. This investment in the agritech space aligns with the increasing interest from investors in India.
View Source
Nishant Pitti's EaseMyTrip parent to open a 5-star hotel near Ram Mandir in Ayodhya
IndianStartupNews
·
1y ago
Medial
Nishant Pitti's Easy Trip Planners, the parent company of EaseMyTrip.com, is investing Rs 100 crore to open a luxurious 5-star hotel near the renowned Shree Ram Mandir in Ayodhya, Uttar Pradesh. The hotel aims to provide a unique blend of spirituality and luxury, catering to the surge in religious tourism to Ayodhya. EaseMyTrip recently reported a net profit of Rs 47.5 crore in the third quarter of FY24, with a year-on-year increase in revenue and EBITDA.
View Source
Zype claims Rs 75 Cr monthly disbursal with own collection infra
Entrackr
·
1y ago
Medial
Zype, a financial well-being and lifestyle app, recently raised $18 million and emerged from stealth mode. The app offers short-term personal loans to retail individuals, with interest rates of 26-27% annually. Zype claims to have over 1.5 million app installs and 950,000 registered users since its launch. The company primarily lends for purposes such as two-wheelers, travel, medical emergencies, and education. It handles collections internally and aims to increase its loan book to Rs 500 crore within a year. Zype competes with MoneyTap, Fibe, Uni, and KreditBee in the personal loan space.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in