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EaseMyTrip to raise Rs 500 Cr to scale hotels and holidays biz

EntrackrEntrackr · 3d ago
EaseMyTrip to raise Rs 500 Cr to scale hotels and holidays biz
Medial

EaseMyTrip to raise Rs 500 Cr to scale hotels and holidays biz Listed online travel platform EaseMyTrip is planning to raise up to Rs 500 crore to fuel its next phase of growth, according to a disclosure filed with the stock exchanges on Monday. The fundraising may be executed in one or more tranches through permissible routes under applicable laws, including a rights issue, qualified institutions placement (QIP), preferential issue, private placement, or other approved methods. Detailed terms such as the size, pricing, structure, and timing of the issue will be finalised in line with market conditions and regulatory requirements. As per the company, the capital raise is aimed at strengthening EaseMyTrip’s presence in high-potential segments, particularly hotels and holiday packages, while also supporting investments in technology, platform upgrades, and strategic opportunities aligned with its long-term roadmap. “The proposed capital raise of up to Rs 500 crore is about being ready. It gives us the flexibility to invest at the right time, whether in technology or strategic opportunities that fit our larger vision,” said Nishant Pitti, Founder and CMD of EaseMyTrip. He added that the company will continue to maintain a disciplined approach to capital allocation, with a sharp focus on sustainable growth and long-term value creation. Founded in 2008, EaseMyTrip is among India’s largest online travel-tech platforms in terms of air ticket bookings. The bootstrapped company has built a diversified presence across air and non-air categories, including hotels, holidays, trains, buses, and cabs, and is now looking to deepen its integrated travel ecosystem as competition intensifies in the segment. During Q3 of the ongoing fiscal year, the company reported revenue of Rs 151 crore, while its profit declined 90% year-on-year to Rs 3.4 crore in Q3FY26. Currently, EMT’s shares are trading at Rs 7.32, with a total market capitalisation of Rs 2,662 crore.

EaseMyTrip expands into real estate, hospitality, and lifestyle with Rs 514 Cr of stake purchases

EntrackrEntrackr · 3m ago
EaseMyTrip expands into real estate, hospitality, and lifestyle with Rs 514 Cr of stake purchases
Medial

EaseMyTrip expands into real estate, hospitality, and lifestyle with Rs 514 Cr of stake purchases. Online travel platform EaseMyTrip has announced five back-to-back investment deals worth Rs 514 crore, marking its biggest diversification push beyond travel and ticketing, as per the regulatory filings. The company will fully acquire AB Finance Private Limited, while picking up minority stakes in Three Falcons Notting Hill, Javaphile Hospitality, Levo Beauty, and SSL Nirvana Grand Golf Developers. All transactions will be executed through a share swap, with EaseMyTrip issuing new equity shares on a preferential basis instead of paying cash. According to the company’s filing, EaseMyTrip has entered into definitive agreements to acquire a 100% stake in AB Finance, 50% in Three Falcons, and 49% each in Javaphile, Levo, and Nirvana. The combined value of these investments stands at Rs 514 crore. The largest among the five deals is the Rs 194 crore acquisition of AB Finance. EaseMyTrip said the purchase will help augment its business expansion and operational requirements. In another key move, the company is investing Rs 175 crore to buy a 50% stake in Three Falcons, a London-based hospitality venture that runs the boutique hotel The Knight of Notting Hill. The remaining three deals involve smaller but strategic equity infusions. EaseMyTrip will invest Rs 19.6 crore in Javaphile Hospitality, which operates in the cafe and fine-dining space; Rs 24.5 crore in Levo Beauty, which runs salons, spas, and wellness centres in Gurugram; and Rs 100.5 crore in SSL Nirvana Grand Golf Developers, a real estate venture. EaseMyTrip said these deals are part of its plan to drive inorganic growth and portfolio diversification as it continues to build a broader ecosystem around travel, hospitality, and lifestyle experiences. All five transactions are subject to shareholder and regulatory approvals and are expected to be completed over the next three to four months.

EaseMyTrip increases stake in Eco Hotels by 7.7%

EntrackrEntrackr · 5m ago
EaseMyTrip increases stake in Eco Hotels by 7.7%
Medial

Online travel aggregator EaseMyTrip has increased its stake in Eco Hotels and Resorts Limited by 7.77% through a rights issue. The board of Easy Trip Planners, the parent entity of EaseMyTrip, approved the investment in a meeting held on September 20, according to its stock exchange filing. The company subscribed to 10 lakh equity shares at Rs 15.20 apiece, taking the total investment size to around Rs 15.2 crore. The subscription will be paid in tranches. Eco Hotels, incorporated in 1987, operates in the hospitality sector with a focus on eco-friendly and green hotels. The Mumbai-based firm is still in its early stages of business, reporting a turnover of just Rs 13.71 lakh in FY25 as against Rs 1.39 lakh in FY24 and Rs 0.78 lakh in FY23. EaseMyTrip forayed into the hospitality space after acquiring a 13% stake in Eco Hotels in December 2023. EaseMyTrip’s operating revenue decreased by 25.5% to Rs 114 crore in Q1 FY26 from Rs 25.5 crore in Q1 FY25. The company’s profit after tax (PAT) fell 98.7% to Rs 44 lakh in Q1 FY26 as compared to Rs 34 crore in the same time period.

Exclusive: Ayekart to raise new round with 2.8X valuation surge

EntrackrEntrackr · 2m ago
Exclusive: Ayekart to raise new round with 2.8X valuation surge
Medial

Ayekart, a full stack agri-food network, is set to raise Rs 65 crore (approximately $7.4 million) in a fresh round of funding from Vihu Hospitality Pvt Ltd and Enchant Packaging Pvt Ltd. This funding follows its $6.5 million Series A round raised in February 2024, led by Omnivore, Siana Capital, and Unleash Capital. Ayekart's board approved the issuance of 5,333 equity shares at Rs 1,21,862 each to raise the capital, as per its filing with the Registrar of Companies. Vihu Hospitality will lead the round with a Rs 35 crore investment, while Enchant Packaging will contribute Rs 30 crore. The funds will be used to expand the retail and distribution business and strengthen sourcing, processing, and supply of raw materials. The company is likely to raise additional funds, with total fundraising expected to reach up to Rs 150 crore. Existing investor Omnivore is expected to participate in the ongoing Series B round with an investment of up to Rs 35 crore. The firm's valuation is projected to soar 2.8X to Rs 1,331 crore ($151 million) post-money, from a Rs 474 crore valuation in its previous round. Founded in 2020, Ayekart is a vertically integrated agri-food platform connecting farmers and FPOs for sourcing and distributing products via an FMCG network. It provides services such as quality checks, logistics, payments, and traceability using proprietary tech. The Mumbai-based company has raised over $13 million to date. New investors Vihu Hospitality and Enchant Packaging will hold 2.63% and 2.25% stakes, respectively. Omnivore will remain the largest external shareholder with 13.71%, while Co-founder and CEO Debarshi Dutta will retain a 25.91% stake. For the fiscal year ended March 2024, Ayekart’s Gross Transaction Value (GTV) rose over 2.3X to Rs 1,533 crore from Rs 643 crore in FY23, and the company reported a profit of Rs 94.3 lakh during the period.

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