. Online Travel scaling up! Yatra going IPO.. Makemytrip get 3rd round funding! | WATBlog.com - Web, Advertising and Technology Blog in India

Online Travel scaling up! Yatra going IPO.. Makemytrip get 3rd round funding!

Online Travel can possibly compete for the crowded business space on the internet arena and possibly emerge as a winner as well. But this crowded space has two players which are scaling faster than the others. These two players are Yatra.com and Makemytrip.com.

While Makemytrip was helped by the fact that they were the first movers in the online travel space and one of the first to be funde, Yatra on the other hand the backing of big companies like Network 18(previously TV18) and Reliance ADAG’s Reliance Capital.

Now its seems both Yatra and Makemytrip are looking towards scaling to the next level and both seem to be looking at different approaches.

Makemytrip has gone the funding way by raising 15 Million $ from Tiger Fund and the three existing venture capital investors – SAIF Partners, Helion Venture Partners and Sierra Ventures.

While Yatra is looking at IPO of shares and is currently favoring the next financial year starting April 1. Dhruv Shringi CEO Yatra said “We are not in a hurry for an initial public offering. We are evaluating the options for an IPO. Though it is unlikely to happen this financial year, it could very well happen next year”

As time goes on I expect both these companies to get even more aggressive to secure that all important market leader position in the travel space and with Makemytrip have the funding ad Yatra having the backing of Reliance we can surely expect some competitive fireworks in the online travel space.

If you enjoyed this post, make sure you subscribe to our RSS Feed OR Email Alerts!


Related Posts

About the Author

Rajiv Dingra

Rajiv is a prolific blogger who has over 1000 blog posts to his credit at WATBlog. The Founder & CEO of WATMedia our parent company and the Chief Blogger at WATBlog, he has been the driving force of the WAT Evolution. Rajiv does some excellent analysis of the digital media industry in India and often brings out deep insights with his inimitable style of interviewing. Just mail rajiv|at|watblog|dot|com and it will reach him..

2 Responses to “ Online Travel scaling up! Yatra going IPO.. Makemytrip get 3rd round funding! ”

  1. that yaatra has the backing of big names, does not mean that they will be as successful in the markets. yes, its a new business model and they seem to be doing well. but something about dotcoms is not very promising.

    vinni

  2. going good

Leave a Comment and Follow the replies through Post Comment Feed

You can use these XHTML tags: <a href="" title=""> <abbr title=""> <acronym title=""> <blockquote cite=""> <code> <em> <strong>