MakeMyTrip Ltd.

MakeMyTrip Ltd.

MakeMyTrip Ltd.

Overview
Date Founded

2000

Headquarters

Tower A,SP Infocity, 243, Udyog Vihar,Phase I,Gurgaon, Haryana 122016

Type of Company

Public

Employees (Worldwide)

3,450

Industries

Consumer Services
Other Transportation
Internet Software & Services

Company Description

MakeMyTrip Ltd. is an online travel company. Its services and products include air ticketing, hotels and packages, rail tickets, bus tickets, car hire, experiences and ancillary travel requirements such as facilitating access to third-party travel insurance and visa processing. The company's brands include MakeMyTrip, goibibo, and redbus. It operates through the following three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing. The Air Ticketing segment provides the facility to book domestic and international air tickets. The Hotels and Packages segment provides holiday packages and hotel reservations. The Bus Ticketing segment provides the facility to book domestic and international bus tickets. MakeMyTrip was founded by Deep Kalra and Rajesh Magow on April 28, 2000 and is headquartered in Gurgaon, India.

Contact Data
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Executives & Employees

Co-Founder

Co-Founder

Chief Technology Officer

Chief Business Officer

Chief Innovation & Customer Experience Officer

Senior Vice President & Head, Business Development-Hotels

Group Chief Financial Officer

Chief Business Officer-Holidays

Senior Vice President-Human Resources

Senior Vice President-International Markets

Board of Directors

Co-Founder at MakeMyTrip Ltd.

Co-Founder at Trip.com Group Ltd.

Managing Partner at Saif Advisors Pvt Ltd.

Chief Executive Officer, Director at Trip.com Group Ltd.

Co-Founder at MakeMyTrip Ltd.

Chief Financial Officer, Executive Vice President at Trip.com Group Ltd.

Managing Director at Sierra Ventures

Head-Tax Services at CIM Group (Mauritius)

Executive Vice President at Trip.com Group Ltd.

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Owners & Shareholders
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Ward Ferry is a conservative manager which invests primarily in securities that are listed, quoted or traded on Asian exchanges and over-the-counter markets, as well as in American or global depositary receipts of Asian companies. They also invest in fixed-income issued by governments and corporations. They invest marginally in other funds and use derivatives for hedging purposes.The firm manages long/short equity hedge funds with a long bias and limited leverage. Portfolios are concentrated and diversified over geographical regions and industries. Their product range covers Asia ex-Japan, Japan, Asian small-caps, and Asian emerging (which entails marginal private equity activity).Ward Ferry's investment process starts with a top-down evaluation of industry outlook and profitability, followed by bottom-up stock-picking based on intensive fundamental research and an extensive program of company visits.The companies in which Ward Ferry invests are evaluated comparatively to the industry. For long picks, the firm looks for strong fundamentals and superior management in reasonably-valued companies that have a competitive advantage. Key drivers are return on equity, free cash flow, dividend yields and price-to-book ratio.Among the criteria for shorting are deteriorating earnings and cost of capital exceeding return on investment.

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Marshall Wace Asia is an active, high conviction, long/short equity strategy manager which aims to provide absolute returns for clients. Their geographic focus is on Asia.The firm utilizes an asset allocation overlay based on individual country research, identifying top-down macro themes to help construct an equity portfolio by selecting equities that are substantially mispriced through growth earnings and price momentum.Fund managers and analysts generate ideas using proprietary screening tools, top-down expertise, bottom-up assessments as well as input received from corporates, industry contacts, governments and sell-side contacts. They may also use cash and bonds to tactically reduce volatility.

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Global Thematic Partners (GTP) employs a thematic investment approach that seeks to anticipate and capitalize on global discontinuities and changes. The strategies are based on the concept that large economic shifts, social science and natural science are highly non-linear developments. GTP employs proprietary qualitative and quantitative research to identify inflection points and hidden optionality in the global markets. GTP's strategies include: Global Thematic Equity, Agribusiness and Bottom Billion.The Global Thematic Equity strategy is an unconstrained strategy that seeks to benefit from a dynamic basket of themes which GTP believes will influence the valuation and cash flows of select companies worldwide over a 3-5 year period. It is based on GTP's belief that developments in economics, social science, culture, and natural science are highly non-linear events. They arise suddenly and then grow exponentially, causing big shifts and creating tipping points. GTP invests in best-of-breed companies geared to the thesis. They select stocks in which they see the most upside on a risk-adjusted basis, The strategy invests in developed and developing countries, using a thematic and systematic approach combined with bottom-up fundamental analysis. The themes are typically uncorrelated to each other. Portfolios can be managed as a global strategy, or as an Ex-US strategy. GTP may manage client portfolios with different country exclusions.GTP's Agribusiness Strategy seeks to invest in all segments of the food chain, from companies producing agricultural commodities to those selling food to consumers. Investments may include companies in land and plantation, seed and fertilizer, planting, harvesting, protecting and irrigation, food processing and manufacturing companies, offering the opportunity to capture value at various points along the food chain.GTP's Bottom Billion Strategy invests is a diversified portfolio of equity and equity-related securities of issuers which operate in the business of providing products, services and infrastructure to the world's poorest people, namely, the approximately one billion people who earn under $5,000 USD per capita per year on a purchasing power parity basis, or such other amount as GTP may determine ((the \"Bottom Billion\"). For this strategy, GTP seeks to deliver sustainable long-term wealth creation for their clients. The strategy is benchmark-agnostic. and it invests in developed and developing countries.

Recent Transactions
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Trip.com Group Ltd. purchases MakeMyTrip Ltd. from Naspers Ltd.

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MakeMyTrip Ltd. purchases Ibibo Web Pvt Ltd. from Naspers Ltd.

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MakeMyTrip Ltd. purchases Inspirock, Inc.

Transaction Advisors
Legal Advisor

Advised onMakeMyTrip Ltd. issued USD Ordinary Shares

Legal Advisor

Advised onMakeMyTrip Ltd. issued USD Ordinary Shares

Underwriter

Advised onMakeMyTrip Ltd. issued USD Ordinary Shares

Advisors & Consultants
Advisor

Founder at Info Edge India Ltd.

Advisor

Co-Founder at Drishti-Soft Solutions Pvt Ltd.

Clients

Liberty Global Plc is an international television and broadband company, which engages in the provision of broadband communications services. It operates through the following geographical segments: U.K. and Ireland; Belgium; Switzerland; Central and Eastern Europe; and Central and Corporate. Its products include broadband, WiFi, connectivity products, TV platforms, and TV content. The company was founded in 2004 and is headquartered in London, the United Kingdom.

Tata Sons Ltd. operates as an investment holding company. The firm offers solutions in the areas of software and other information systems, telecommunications, and industrial automation. The company is headquartered in Mumbai, India.

SpiceJet Ltd. engages in the provision of air transport services for the carriage of passengers and cargo. It operates a fleet of aircrafts across India under the SpiceJet brand. The company was founded on February 9, 1984 and is headquartered in Gurgaon, India.

Key Stats and Financials As of 2019
Market Capitalization
$2.44B
Total Enterprise Value
$2.56B
Earnings Per Share
$-1.61
Revenue
$486M
Net Profit
$-168M
EBITDA
$-127M
EBITDAMargin
-26.16%
Total Debt
$707K
Total Equity
$1.36B
Enterprise Value Sales
5.27x
TEVNet Income
-15.25x
Debt TEV
0x
Three Year Compounded Annual Growth Rate Of Revenue
15.62%
Five Year Compounded Annual Growth Rate Of Revenue
17.24%
Investments
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Le Travenues Technology Pvt. Ltd. operates online and mobile travel search and planning website. It aggregate, search, and compare the best deals for flights, hotels, buses, trains and packages, reviews, and travel facts from travel websites. The company was founded by Aloke Bajpai and Rajnish Kumar on June 3, 2006 and is headquartered in New Delhi, India.

Investors
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Helion Ventures is an active manager which invests in Indian technology driven or consumer services businesses across development stages in the outsourcing, internet, mobile, technology products, retail services, education and financial services sectors.The firm typically invests USD 2-10 million in their investee companies, seeking board representation and partnering with management to help make strategic choices and add operational value in the areas of finance, HR, technology, marketing and operations. Through their network, they provide investee companies with access to executives and assist in building a quality board of directors.Helion Ventures seeks to help manage rapid growth by participating in subsequent rounds of financing in syndication with other venture partners as well as by providing their M&A experience to investee companies to drive inorganic growth. Most of all, they act as a sounding board to investee company CEOs to help build world-class organizations.

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Sierra Ventures focuses on investments in a variety of technology companies including those involved in enterprise software, Internet and web applications, software-as-a-service, security, mobile applications, telecommunications, semiconductors, hardware systems, components and subsystems, storage and energy. The firm invests in companies located in North America, Europe, China and India. Two-thirds of their investments are in companies located outside of the San Francisco Bay Area. Sierra Ventures invests across all stages of the lifecycle from seed to growth. Initial investments typically range from $2 million to $25 million, with as much as $3 million to $35 million invested over the life of a company. Sierra Ventures also makes select seed-stage investments of $500,000 to $2 million.

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Co-Founder at Drishti-Soft Solutions Pvt Ltd.

Suppliers
Indian Hotels Co., Ltd. Recreation & Leisure | Mumbai, India

Indian Hotels Co. Ltd. engages in the provision of hotel services. It operates through India and Overseas geographical segments. The company was founded by Jamsedji Nusserwanji Tata in 1899 and is headquartered in Mumbai, India.

SpiceJet Ltd. Other Transportation | Gurgaon, India

SpiceJet Ltd. engages in the provision of air transport services for the carriage of passengers and cargo. It operates a fleet of aircrafts across India under the SpiceJet brand. The company was founded on February 9, 1984 and is headquartered in Gurgaon, India.

Jet Airways (India) Ltd. Shipping & Delivery | Mumbai, India

Jet Airways (India) Ltd. engages in the provision of transportation services for passenger and cargo. It operates through the Domestic and International segment. The Domestic segment involves in the air transportation within India. The International segment comprises air transportation outside India. The company was founded by Naresh Goyal on April 1, 1992 and is headquartered in Mumbai, India.

Competitors
Booking Holdings, Inc. Consumer Services - Norwalk, CT

Booking Holdings, Inc. engages in the provision of online travel and related solutions. The company offers services through the following brands: Booking.com, KAYAK, priceline, agoda, Rentalcars.com, and OpenTable. It provides accommodation reservations including hotels, hostels, apartments, vacation rentals, and other properties. The company was founded by Jay Scott Walker on July 18, 1997 and is headquartered in Norwalk, CT.

Expedia Group, Inc. Consumer Services - Bellevue, WA

Expedia Group, Inc. is an online travel company, which engages in the provision of travel products and services to leisure and corporate travellers. It operates through the following business segments: Core Online Travel Agency(OTA), Trivago, Vrbo, and Egencia. The Core OTA segment offers full range of travel and advertising services to worldwide customers through a variety of brands including: Expedia.com and Hotels.com. The Trivago segment involves in sending referrals to online travel companies and travel service providers from its hotel metasearch websites. The Vrbo segment operates an online marketplace for the alternative accommodations industry. The Egencia segment manages travel services to corporate customers worldwide. The company was founded in 1994 and is headquartered in Seattle, WA.

Yatra Online, Inc. Consumer Services - Gurugram, India

Yatra Online, Inc. engages in the business of selling travel products and solutions. It operates through the following segments: Air Ticketing; Hotels and Packages; and Others. The Air Ticketing segment offers flight ticket booking services to its customers. The Hotels and Packages segment provides hotel room booking and tour packages. The Others segment engages in providing third party advertising on website, rail & bus ticketing, and cab booking. The company was founded by Dhruv Shringi, Manish Amin, and Sabina Chopra in August 2006 and is headquartered in Gurgaon, India.

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