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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.

Related News

Holiday Tribe raises Rs 25 Cr in pre-Series A round

EntrackrEntrackr · 6m ago
Holiday Tribe raises Rs 25 Cr in pre-Series A round
Medial

Holiday Tribe, a travel-tech company specialising in leisure holidays, has raised Rs 25 crore (around $2.85 million) in its pre-Series A round led by existing investors Powerhouse Ventures and GSF, along with other angel investors. The funding includes both equity and debt. This comes after its seed round of Rs 5.4 crore in September 2024. Since then, the firm claims to have grown more than three times. The new funds will be used to expand its AI infrastructure, strengthen supplier networks, and improve its mobile and desktop platforms. It plans to enhance real-time personalisation, itinerary optimisation, and customer support. It will also grow its network of hotels and activities to offer travellers more customised options. Founded by Anshu Sharma and Chirag Goyal, Holiday Tribe has curated holidays to more than 30 global destinations. Its supply network covers over 100,000 hotels and 1 million activities worldwide. It has also partnered with tourism boards in countries like Abu Dhabi, Mauritius, Dubai, Switzerland, and Singapore. The startup aims to reach Rs 500 crore in annualised GMV within the next 18–24 months. It focuses on delivering personalised, easy holiday experiences for Indian travellers.

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.

EaseMyTrip post Rs 152 Cr revenue and Rs 34 Cr profit in Q1 FY25

EntrackrEntrackr · 1y ago
EaseMyTrip post Rs 152 Cr revenue and Rs 34 Cr profit in Q1 FY25
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).

EaseMyTrip posts Rs 150 Cr revenue in Q3 FY25; profit declines

EntrackrEntrackr · 1y ago
EaseMyTrip posts Rs 150 Cr revenue in Q3 FY25; profit declines
Medial

Online travel aggregator (OTA) platform EaseMyTrip announced its financial results on Friday for the third quarter of FY25. The results show a marginal decrease in scale and profit year-on-year. EaseMyTrip’s operating revenue decreased by 6.3% to Rs 150 crore in Q3 FY25 from Rs 160 crore in Q3 FY24, as per its unaudited consolidated financial statements filed with the National Stock Exchange (NSE). Revenue from air ticketing accounted for 65% of the revenue whereas hotel packages formed 22% of the total collection. To the tune of scale, its total expense increased by 2.4% to Rs 107 crore in Q3 FY25 from Rs 105 crore in Q4 FY24. Service cost, payment gateway, employee benefit and costs were other major overheads for EaseMyTrip during the last quarter.

Decoding the financial performance of India's top OTA players

EntrackrEntrackr · 2y ago
Decoding the financial performance of India's top OTA players
Medial

India's top online travel agency (OTA) players, including MakeMyTrip, Ixigo, EaseMyTrip, and Yatra Online, have reported significant growth and profitability in the last financial year. MakeMyTrip led the pack with a 95% increase in operating revenue, making the majority of its revenue from hotels and packages. Ixigo also saw growth and turned profitable, while EaseMyTrip achieved impressive growth and profitability mainly through air ticketing. Yatra Online also witnessed growth and profitability, generating revenue from air ticketing, hotels and packages, and advertising. However, Cleartrip experienced a decline in scale and increased losses. The market remains attractive for these players due to the expanding middle class and rising overseas travel.

EaseMyTrip post Rs 161 Cr revenue and Rs 46 Cr profit in Q3 FY24

EntrackrEntrackr · 2y ago
EaseMyTrip post Rs 161 Cr revenue and Rs 46 Cr profit in Q3 FY24
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.

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