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.
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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
going good