QUOTE AND NEWS
The Hindu Business Line  Mar 7  Comment 
Payments platform PayPal today announced an extension of its merchant partnership with MakeMyTrip, Indian online travel booking company, to facilitate hotel and holidays booking in addition to airlin...
The Economic Times  Feb 20  Comment 
"A major trend observed is that Indian travelers have now become increasingly younger with 17% being in 18-24 year age group compared to 12% last year."
SeekingAlpha  Jan 31  Comment 
The Economic Times  Jan 20  Comment 
The transaction, involving the largest consolidation deal in India’s internet sector, had resulted in Naspers becoming the biggest shareholder, owning more than a third of the combined entity.
Reuters  Jan 20  Comment 
* MakemyTrip ltd - Ibibo Group received letter from competition commission of India stating proposed combination of MakemyTrip and Ibibo has been approved by the commission
newratings.com  Oct 26  Comment 
NEW DELHI (dpa-AFX) - MakeMyTrip Limited (MMYT), India's leading online travel company, reported a second-quarter loss of $39.4 million compared to a loss of $12.2 million in the quarter ended September 30, 2015. Loss per share was $0.95...
The Economic Times  Oct 19  Comment 
This deal is about MakeMyTrip getting a 100% ownership of GoIbibo, a 100% ownership of redBus, a majority ownership of Jubo which is a smaller company in their fold.
The Economic Times  Oct 19  Comment 
The combined entity will bring together top brands in the consumer travel space in India including MakeMyTrip, Goibibo, redBus, Rightstay and Ryde under one umbrella.
Benzinga  Oct 19  Comment 
The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday, October 18, 2016: MakeMyTrip, ibibo Group to Consolidate Indian Travel Businesses The Deal: MakeMyTrip Limited (NASDAQ: MMYT) and ibibo Group have...




 
TOP CONTRIBUTORS

MakeMyTrip Limited (NASDAQ:MMYT) is an Indian online travel company. The company operates of the website MakeMyTrip.com and allows customers to book airline, bus, rail, and other travel tickets. In addition, the company allows users to book hotel rooms and other aspects of travel plans.[1] They make money by charging companies lead generation fees, charging customers transaction fees, and by receiving incentive payments from airlines from favorable product placement.[2]

While the concept of the website is not revolutionary, Deep Kalra, the founder has focused on solving Indian specific problems. The company did copy many aspects of existing sites, but managed to provide a tailored service to the needs of Indian travelers.[3] MakeMyTrip expects the growing Indian middle class will continue to expand its market. According to McKinsey, a management consulting firm, the Indian middle class is anticipated to grow ten times, from 50M to 583M between 2005 and 2025.[1]

The company's initial public offering of stock filed on the NASDAQ and went public on 12 August 2010. It priced at $14, which is at the top end of its initial price range of $12-$14. They did raise $70M by selling 5M shares. The lead underwriter of the deal was Morgan Stanley (MS)[4] The company recorded a first day rise in price of 89%. This is the largest recorded rise since Athenahealth, Inc. (ATHN) went public in September 2007 with a 97% jump.[5]

While MakeMyTrip has continued to experience a [[net loss], they have been able to substantially increase revenues over the past three years. The company announced FY 2010 revenue of $32M a 68% increase from the $19M announced in 2009. Net loss also fell from -$7.3M in 2009 to -$6.2M in 2010.[6] The company has accumulated a total debt of approximately $42.5M and expects to use part of the proceeds from their IPO to pay down this debt.[7]


References

  1. 1.0 1.1 MMYT F-1 2010 "Prospectus Summary" pg.1
  2. MMYT F-1 2010 "Our Business" pg.2
  3. TechCrunch "What Indian Entrepreneurs should learn from MakeMyTrip's rocket IPO
  4. Renaissance Capital "MakeMyTrip Limited prices IPO at $14.00, at high end of the range" 12 August 2010
  5. Renaissance Capital - IPO "Positive week for IPO market sees impressive first day gains uptick in filing activity" 12 August 2010
  6. MMYT F-1 2010 "SUMMARY CONSOLIDATED FINANCIAL AND OTHER DATA" pg.7
  7. MMYT F-1 2010 "CAPITALIZATION" pg.31
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