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{{short description|Indian online travel company}}
{{short description|Indian online travel company}}
{{Multiple issues|
{{more footnotes|date=July 2018}}
{{Update|date=October 2021}}
}}
{{Use Indian English|date=March 2015}}
{{Use Indian English|date=March 2015}}
{{Use dmy dates|date=February 2015}}
{{Use dmy dates|date=July 2023}}
{{Infobox company
{{Infobox company
| name = MakeMyTrip Limited
| name = MakeMyTrip Limited
| logo = MakeMyTrip Logo.png
| logo = Makemytrip_logo.svg
| logo_size = 250px
| logo_size = 200px
| image_caption = MakeMyTrip - Dil toh roaming hai
| image = MakeMyTrip website screenshot.jpg
| type =  
| image_caption = Screenshot of mobile application
| type = [[Public company|Public]]
| traded_as = {{NASDAQ|MMYT}}
| traded_as = {{NASDAQ|MMYT}}
| founder = [[Deep Kalra]]
| founder = [[Deep Kalra]]
| area_served = Worldwide
| area_served = Worldwide
| industry = Online travel
| industry = Online travel
| key_people = {{Unbulleted list | Deep Kalra ([[chairman]]) | Rajesh Magow ([[Chief executive officer|CEO]]) | Sanjay Mohan ([[Chief technology officer|CTO]]) | Mohit Kabra ([[Chief financial officer|CFO]]) }}
| products = Booking flights, hotels, holidays, buses, trains and cars
| products = Booking flights, hotels, holidays, buses, trains and cars
| revenue = {{Decrease}} US$163 million (2021)
| revenue = {{Increase}} US$978 million (FY2025)<ref>{{cite web|url=https://www.phocuswire.com/makemytrip-fiscal-q4-full-year-2025|title=MakeMyTrip posts record gross bookings for fiscal year 2025|website=PhocusWire}}</ref>
{{Increase}} US$512 million (2020)
| num_employees = 5,122 (2025)<ref>{{Cite web |title=MakeMyTrip: Number of Employees 2010-2025 {{!}} MMYT |url=https://www.macrotrends.net/stocks/charts/MMYT/makemytrip/number-of-employees |access-date=2025-08-16 |website=www.macrotrends.net}}</ref>
{{Unbulleted list|class=nowrap|{{Decrease}} {{US$|486 [[1,000,000|million]]|link=yes}} (2019)|{{Increase}} {{US$|675.25 [[1,000,000|million]]|link=yes}} (2018)}}
| parent =  
| num_employees = 3,338 (2022)
| foundation = {{start date and age|2000}}
| parent = MakeMyTrip Limited (MMYT)
| location_city = [[Gurgaon]], [[Haryana]]
| foundation = 2000
| location_country = India
| location_city = [[Gurugram]], [[Haryana]]
| homepage = {{official URL}}
| location_country = [[India]]
| homepage = {{URL|www.makemytrip.com}}
}}
}}


'''MakeMyTrip''' is an [[List of companies of India|Indian]] online [[Travel agency|travel company]] founded in 2000.<ref>{{Cite web |url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=109916200 | title=MakeMyTrip Limited: Private Company Information | publisher=[[Bloomberg L.P.]]}}</ref> Headquartered in [[Gurgaon|Gurugram]], [[Haryana]], its a company. the company provides online travel services including [[Airline ticket|airline tickets]], domestic and international holiday packages, [[hotel]] reservations, [[Rail transport|rail]], and [[bus]] tickets. As of 31 March 2018, they have 14 company-owned travel stores in 14 cities, over 30 franchisee-owned travel stores in 28 cities, and counters in four major airports in [[India]]. MakeMyTrip has also numerous international offices in [[New York City|New York]], [[Singapore]], [[Kuala Lumpur]], [[Phuket Province|Phuket]], [[Bangkok]], and [[Dubai]].
'''MakeMyTrip Limited''' is an Indian online travel company, headquartered in [[Gurgaon]]. Founded in 2000, it operates an online travel-booking platform for travel services such as airline tickets, hotel reservations, holiday packages, and rail and bus tickets.<ref name=":02">{{Cite web |last=Haris |first=Mohammad |date=2023-03-29 |title=MakeMyTrip To Expand Footprint in India, Aims to Grow Franchisees By 50% In 2023 |url=https://www.news18.com/business/makemytrip-to-expand-footprint-in-india-aims-to-grow-franchisees-by-50-in-2023-7413127.html |access-date=2023-08-10 |website=News18 |language=en}}</ref> The company also maintains offices outside India, including locations in [[New York City|New York]], [[Singapore]], [[Kuala Lumpur]], [[Phuket (city)|Phuket]], [[Bangkok]], [[Dubai]] and [[Istanbul]].<ref name=":122">{{Cite web |title=Story of MakeMyTrip, the Revolutionary E-commerce |url=https://www.theceo.in/industry/story-of-makemytrip-the-revolutionary-e-commerce |access-date=2023-08-10 |website=The CEO Magazine India |language=en}}</ref>
 
In 2016, MakeMyTrip acquired the [[Ibibo]] Group, which owned sites such as [[Goibibo]] and [[RedBus|Redbus.in]].<ref name=":22">{{Cite web |title=MakeMyTrip Limited and ibibo Group to combine |url=https://www.naspers.com/news/makemytrip-limited-and-ibibo-group-to-combine |url-status=live |archive-url=https://web.archive.org/web/20181123070037/https://www.naspers.com/news/makemytrip-limited-and-ibibo-group-to-combine |archive-date=2018-11-23 |access-date=2018-10-28 |website=www.naspers.com}}</ref>


== History ==
== History ==
MakeMyTrip was founded by [[Deep Kalra]] in 2000, initially targeting the United States market with a focus on itineraries between the U.S. and India for the Indian diaspora. In September 2005, it began operations in India with online airline ticketing and later expanded into holiday packages and hotel reservations.<ref>{{Cite web |date=2023-12-18 |title=MakeMyTrip Success Story - Becoming India's Top Travel Startup |url=https://startuptalky.com/makemytrip-indian-startup-success-story/ |url-status=live |archive-url=https://web.archive.org/web/20190817115817/https://startuptalky.com/makemytrip-indian-startup-success-story/ |archive-date=2019-08-17 |access-date=2024-05-04 |website=StartupTalky |language=en}}</ref>


* 2000: MakeMyTrip was founded by [[Deep Kalra]],<ref>{{Cite web|url=http://www.newindianexpress.com/business/2017/aug/28/makemytrip-bets-on-hotel-business-to-drive-growth-1648989.html|title=MakeMyTrip bets on hotel business to drive growth|website=The New Indian Express|access-date=2019-01-02}}</ref> an alumnus of [[Indian Institute of Management Ahmedabad|IIM-Ahmedabad]]. It was launched in [[United States|US]] market in the year 2000 to cater to the [[Non-resident Indian and person of Indian origin|overseas Indian]] community for their US to India travel needs.
MakeMyTrip Limited listed on the [[Nasdaq]] on 17 September 2010 following an [[initial public offering]].<ref>{{Cite news |title=A new journey begins for MakeMyTrip |url=http://business.rediff.com/slide-show/2010/aug/13/slide-show-1-makemy-trip-fixes-ipo-at-usd-14-a-share-lists-on-nasdaq.htm |url-status=live |archive-url=https://web.archive.org/web/20100815233101/http://business.rediff.com/slide-show/2010/aug/13/slide-show-1-makemy-trip-fixes-ipo-at-usd-14-a-share-lists-on-nasdaq.htm |archive-date=2010-08-15 |access-date=2018-10-23 |work=[[Rediff]]}}</ref> In 2011, the company acquired Luxury Tours and Travel Pte Ltd (Singapore), ITC Group's travel business, and ETB Group—expanding its presence in Southeast Asia and parts of Europe. In 2012, it introduced RoutePlanner, a tool for searching routes and modes within India.<ref>{{cite web |last=NextBigWhat |title=MakeMyTrip launches routeplanner – competes directly with iXiGo? |url=http://www.nextbigwhat.com/makemytrip-routeplanner-ixigo-competition-297/ |url-status=dead |archive-url=https://web.archive.org/web/20121117211124/http://www.nextbigwhat.com/makemytrip-routeplanner-ixigo-competition-297/ |archive-date=17 November 2012 |website=www.nextbigwhat.com}}</ref><ref>{{Cite web |date=2013-02-05 |title=MakeMyTrip launches new travel application |url=https://www.thehindubusinessline.com/news/variety/makemytrip-launches-new-travel-application/article20573721.ece1 |access-date=2023-08-10 |website=BusinessLine |language=en}}</ref> In September 2014, it established a US$15 million innovation fund to invest in sector start-ups.<ref>{{Cite web |date=23 September 2014 |title=MakeMyTrip's early-stage investment fund is an extension to M&A strategy: Magow |url=https://www.vccircle.com/makemytrips-early-stage-investment-fund-extension-ma-strategy-magow/ |website=VCCircle}}</ref>
* 2005 – September: MakeMyTrip started Indian operations in September 2005, offering online flight tickets to Indian travellers. The company also started to focus on non-air businesses like holiday packages and hotel bookings.
* 2010 – September 17: On 17 August 2010, MakeMyTrip Limited was listed on the [[Nasdaq|NASDAQ]] after its [[initial public offering]].<ref>{{Cite news|url=http://business.rediff.com/slide-show/2010/aug/13/slide-show-1-makemy-trip-fixes-ipo-at-usd-14-a-share-lists-on-nasdaq.htm|title=A new journey begins for MakeMyTrip|work=Rediff|access-date=2018-11-23}}</ref>
* 2011: In 2011, the company created some travel related apps for mobile devices. MakeMyTrip also made three acquisitions—Luxury Tours and Travel Private Limited ([[Singapore]]), ITC Group Hotel Travel Group, and ETB Group—to enter new markets in [[Southeast Asia]] and [[Europe]]. In [[September]] 2014, MakeMyTrip instituted a $15 million innovation fund to support travel start-ups.<ref>{{Cite web|url=https://www.vccircle.com/makemytrips-early-stage-investment-fund-extension-ma-strategy-magow/ | title=MakeMyTrip's early-stage investment fund is an extension to M&A strategy: Magow |website=VCCircle | date=23 September 2014}}</ref>
* 2015 – April: MakeMyTrip acquired MyGola, a travel planning website, in April 2015. The acquisition was done through the innovation fund, and all employees of MyGola were absorbed into the MakeMyTrip team.<ref>{{Cite news | url=https://economictimes.indiatimes.com/small-biz/startups/makemytrip-acquires-travel-startup-mygola/articleshow/47002233.cms | title=MakeMyTrip acquires travel startup Mygola | last=Krishnamurthy |first=Krithika |work=[[The Economic Times]] | date=21 April 2015}}</ref>
* 2015 – July: In July 2015, MakeMyTrip invested in the travel information and hotel review portal HolidayIQ and picked up approximately 30% stake in the company.<ref>{{Cite news|url=https://economictimes.indiatimes.com/small-biz/startups/makemytrip-picks-up-28-stake-for-95-crore-in-holidayiq-to-boost-hotels-holidays-business/articleshow/48176508.cms|title=MakeMyTrip picks up 28% stake for 95 crore in HolidayIQ to boost hotels & holidays business|last=Chanchani|first=Madhav|date=2015-07-23|work=The Economic Times|access-date=2019-01-02}}</ref> In the same month, it invested $5 million in Bona Vita Technologies, a start-up which plans to utilise the funds to build innovative products in the travel industry.<ref>{{Cite web|url=https://www.entrepreneur.com/article/249057|title=MakeMyTrip invests $5M in travel start-up Bona Vita, acquires 67% stake|last=Jain|first=Samiksha|date=2015-07-31|website=Entrepreneur|language=en|access-date=2019-01-02}}</ref>
* 2016 – January: In January 2016, the Chinese travel booking company [[Ctrip]] agreed to invest $180 [[1,000,000|million]] in MakeMyTrip.<ref>{{Cite news|url=https://www.business-standard.com/article/companies/ctrip-buys-180-mn-stake-in-makemytrip-116010800020_1.html|title=Ctrip buys $180-mn stake in MakeMyTrip|last=Reporter|first=B. S.|date=2016-01-08|work=Business Standard India|access-date=2019-01-02}}</ref>
* As of March 31, 2018, the company has 14 company-owned travel stores in 14 cities, including one in their office in Gurugram, over 30 franchisee-owned travel stores which primarily sell packages in approximately 28 cities, and counters in four major airports in India under their brand. They also have offices in New York, Singapore, Kuala Lumpur, Phuket, Bangkok, and Dubai.{{cn|date=February 2023}}
*2021 – May: the company entered into a strategic partnership with the digital payment arm of [[Amazon (company)|Amazon]]⁣—⁣[[Amazon Pay]] for providing travel services on Amazon.<ref>{{Cite news|last=Abrar|first=Peerzada|date=2021-11-01|title=MakeMyTrip and Amazon Pay form strategic tie-up to offer travel services|work=Business Standard India|url=https://www.business-standard.com/article/companies/makemytrip-and-amazon-pay-form-strategic-tie-up-to-offer-travel-services-121110101028_1.html|access-date=2021-11-28}}</ref>
*2022 – November: the company plans to enhance business-to-business segment.<ref>{{Cite news|title=MakeMyTrip plans to enhance business-to-business segment|work=Economic Times|url=https://economictimes.indiatimes.com/tech/technology/makemytrip-plans-to-enhance-business-to-business-segment/articleshow/91460756.cms}}</ref>


In April 2015, MakeMyTrip acquired MyGola; the deal was made through the innovation fund.<ref>{{Cite news |last=Krishnamurthy |first=Krithika |date=21 April 2015 |title=MakeMyTrip acquires travel startup Mygola |url=https://economictimes.indiatimes.com/small-biz/startups/makemytrip-acquires-travel-startup-mygola/articleshow/47002233.cms |work=[[The Economic Times]]}}</ref> In July 2015, MakeMyTrip invested in the travel information and hotel review portal HolidayIQ and picked up approximately 30% stake in the company.<ref>{{Cite news |last=Chanchani |first=Madhav |date=2015-06-23 |title=MakeMyTrip picks up 28% stake for 95 crore in HolidayIQ to boost hotels & holidays business |url=https://economictimes.indiatimes.com/small-biz/startups/makemytrip-picks-up-28-stake-for-95-crore-in-holidayiq-to-boost-hotels-holidays-business/articleshow/48176508.cms |url-status=live |archive-url=https://web.archive.org/web/20150728085437/http://articles.economictimes.indiatimes.com/2015-07-23/news/64772617_1_holidayiq-hotels-and-packages-makemytrip |archive-date=2015-07-28 |access-date=2019-01-02 |work=[[The Economic Times]]}}</ref> In the same month, it invested $5 million in a startup called Bona Vita.<ref>{{Cite web |last=Jain |first=Samiksha |date=2015-07-30 |title=MakeMyTrip invests $5M in travel start-up Bona Vita, acquires 67% stake |url=https://www.entrepreneur.com/article/249057 |url-status=live |archive-url=https://web.archive.org/web/20150910131346/http://www.entrepreneur.com/article/249057 |archive-date=2015-09-10 |access-date=2019-01-02 |website=Entrepreneur |language=en}}</ref>


== Mergers, acquisitions and investments ==
In January 2016, the China-based travel booking company [[Ctrip]] agreed to invest $180 million in MakeMyTrip.<ref>{{Cite news |last=Reporter |first=B. S. |date=2016-01-08 |title=Ctrip buys $180-mn stake in MakeMyTrip |url=https://www.business-standard.com/article/companies/ctrip-buys-180-mn-stake-in-makemytrip-116010800020_1.html |url-status=live |archive-url=https://web.archive.org/web/20160109070257/http://www.business-standard.com/article/companies/ctrip-buys-180-mn-stake-in-makemytrip-116010800020_1.html |archive-date=2016-01-09 |access-date=2019-01-02 |work=[[Business Standard]]}}</ref> Later that year, MakeMyTrip and [[Ibibo|Ibibo Group]], India's largest travel booking portals, merged via a stock swap. [[Naspers]] became the largest shareholder of MakeMyTrip after the transaction.<ref name=":23">{{Cite web |title=MakeMyTrip Limited and ibibo Group to combine |url=https://www.naspers.com/news/makemytrip-limited-and-ibibo-group-to-combine |url-status=live |archive-url=https://web.archive.org/web/20181123070037/https://www.naspers.com/news/makemytrip-limited-and-ibibo-group-to-combine |archive-date=2018-11-23 |access-date=2018-10-28 |website=www.naspers.com}}</ref> In 2019, Ctrip increased its stake in MakeMyTrip to 49% by acquiring 42% of the company from Naspers through a stock swap transaction. As a result, Naspers obtained a 5.6% stake in Ctrip worth $1.3 billion.<ref>{{cite news |date=27 April 2019 |title=China's Ctrip hikes stake in MakeMyTrip fivefold to 49% |url=https://timesofindia.indiatimes.com/business/india-business/chinas-ctrip-hikes-stake-in-makemytrip-fivefold-to-49/articleshow/69065451.cms |access-date=27 December 2024 |work=The Times of India}}</ref>


{| class="wikitable"
The company acquired the [[Mumbai]]-based corporate travel management company Quest2Travel for an undisclosed amount in 2019.<ref>{{Cite web |last=Singh |first=Rajiv |date=2019-04-30 |title=MakeMyTrip Acquires Corporate Travel Firm Quest2Travel |url=https://www.forbesindia.com/article/special/makemytrip-acquires-corpo-rate-travel-firm-quest2travel/53289/1 |url-status=live |archive-url=https://web.archive.org/web/20190501032822/http://www.forbesindia.com/article/special/makemytrip-acquires-corpo-rate-travel-firm-quest2travel/53289/1 |archive-date=2019-05-01 |access-date=2023-08-10 |website=Forbes India |language=en}}</ref> The company launched myPartner in 2020, a platform for travel agents.<ref>{{Cite web |title=MakeMyTrip opens up its hotel inventory to offline travel agents |url=https://www.businessinsider.in/business/news/makemytrip-opens-up-its-hotel-inventory-to-offline-travel-agents/articleshow/77741624.cms |access-date=2023-08-10 |website=Business Insider}}</ref> In May 2021, the company partnered with ⁣[[Amazon Pay]] for providing travel services on Amazon.<ref>{{Cite news |last=Abrar |first=Peerzada |date=1 November 2021 |title=MakeMyTrip and Amazon Pay form strategic tie-up to offer travel services |url=https://www.business-standard.com/article/companies/makemytrip-and-amazon-pay-form-strategic-tie-up-to-offer-travel-services-121110101028_1.html |access-date=28 November 2021 |work=Business Standard India}}</ref> In April 2022, TripMoney, the fintech arm of MakeMyTrip, announced the acquisition of BookMyForex, an online foreign exchange services provider.<ref>{{Cite web |last=Rudra |first=Tapanjana |date=2022-04-05 |title=MakeMyTrip's Fintech Arm Acquires Majority Stake In Foreign Currency Exchange BookMyForex |url=https://inc42.com/buzz/makemytrips-fintech-arm-tripmoney-acquires-undisclosed-majority-stake-in-bookmyforex/ |access-date=2023-08-10 |website=Inc42 Media |language=en}}</ref>
|-
! Number !! Acquisition / Investment Date !! Company !! Business !! Country !! Ref(s)
|-
| 1 || May 2011|| Luxury Tours and Travel Private Limited|| travel agency ||[[Singapore]]||<ref>[http://www.pata.org/news/makemytrip-acquires-luxury-tours-travel "MakeMyTrip acquires Luxury Tours & Travels"] {{Webarchive|url=https://web.archive.org/web/20120901150641/http://www.pata.org/news/makemytrip-acquires-luxury-tours-travel |date=1 September 2012 }} pata.org, 20 May 2011</ref>
|-
| 2 || August 2011|| Le Travenues Technology Private Limited which owns Ixigo.com || online travel meta search engine ||[[India]]||<ref>[http://www.dealcurry.com/20110811-SAIF-Partners-MakeMyTrip-Buy-76-6-In-iXiGO-com-For-18-5-Mn.htm "SAIF Partners, MakeMyTrip Buy 76.6% In iXiGO.com For $18.5 Mn"] dealcurry.com, 11 August 2011</ref>
|-
| 3 || November 2011|| My Guest House Accommodation|| budget lodging and hotel operator ||[[India]]||<ref>[http://barandbench.com/brief/8/1852/makemytrip-buys-my-guest-house-accommodation-kochhar-and-ara-advise "MakeMyTrip buys My Guest House Accommodation Kochhar and ARA advise"] barandbench.com, 21 November 2011</ref>
|-
| 4 || November 2012|| Thailand's ITC Group|| tour operator ||[[Thailand]]||<ref>[http://www.medianama.com/2012/11/223-makemytrip-acquires-majority-interest-in-thailands-itc-group-for-3-2m/ "MakeMyTrip Acquires Majority Interest In Thailand’s ITC Group For $3.2M"] medianama.com, 27 November 2012</ref>
|-
| 5 || November 2012|| Hotel Travel Group (HT Group) || travel firm ||[[Thailand]], [[Singapore]] and [[Malaysia]]||<ref>[http://www.thehindubusinessline.com/companies/makemytrip-acquires-hotel-travel-group-for-25-m/article4074705.ece "MakeMyTrip acquires Hotel Travel Group for $25 m"] The Hindu Business Line.com, 7 November 2012</ref>
|-
| 6 || February 2014|| easytobook.com (ETB) || online hotel operator ||[[Netherlands]]||<ref>[http://www.livemint.com/Companies/rgOcDrGjq0ysyZFwBMuvxH/MakeMyTrip-acquires-EasyToBookcom.html "MakeMyTrip acquires EasyToBook.com"] livemint, 7 February 2014</ref>
|-
| 7 || June 2015|| Inspirock || online travel planner ||[[United States|USA]]||<ref>{{cite news | url=https://www.phocuswire.com/Inspirock-attracts-seed-funding-of-3m-unveils-new-site | title=Inspirock attracts seed funding of $3m, unveils new site | first=Linda | last=Fox | work=Phocuswire | date=24 June 2015}}</ref>
|-
| 8 || April 2015|| MyGola || travel guide start-up ||[[India]]||<ref>[http://www.thehindu.com/business/Industry/makemytrip-acquires-travel-guide-startup-mygola/article7129995.ece], ''The Hindu''. Retrieved on 14 August 2015</ref>
|-
|9
|July 2015
|Holiday IQ
|online travel portal
|[[India]]
|<ref name="ReferenceA">{{Cite web|url = http://timesofindia.indiatimes.com/tech/tech-news/Makemytrip-invests-Rs-95-crore-in-HolidayIQ/articleshow/48182002.cms|title = Makemytrip invests Rs 95 crore in HolidayIQ|date = 23 July 2015|website = The Times of India}}</ref>
|-
|10
|July 2015
|Bona Vita Technologies Private Limited
|travel start-up
|[[India]]
|<ref name="articles.economictimes.indiatimes.com">{{Cite web|url = http://articles.economictimes.indiatimes.com/2015-07-30/news/65036690_1_snapdeal-majority-stake-travel-companies|title = MakeMyTrip invests $5 million in former Snapdeal CTO's Bona Vita Technologies|date = 30 July 2015|website = The Economic Times}}</ref>
|-
||11 ||January 2017 ||[[Ibibo|Ibibo Group]]|| online travel agency ||[[India]]||<ref>[http://economictimes.indiatimes.com/news/company/corporate-trends/cci-nod-to-makemytrip-ibibo-group-merger/articleshow/56695785.cms "CCI nod to MakeMyTrip, Ibibo Group merger"] ''The Economics Times''. Retrieved on 21 January 2017</ref>
|-
||12 ||July 2018 ||Bitla Software|| Travel Software ||[[India]]|| <ref>[https://economictimes.indiatimes.com/industry/services/travel/makemytrip-backs-travel-focused-tech-venture-bitla-software/articleshow/65154312.cms "MakeMyTrip backs travel-focused tech venture Bitla Software"] ''The Economics Times''. Retrieved on 26 July 2018</ref>
|-
|13
|May 2019
|Quest2Travel
|Travel Management Company
|[[India]]
|
|-
|14
|April 2022
|BookMyForex
|Forex Currency and Card Provider Company
|[[India]]
|<ref>[https://www.livemint.com/companies/news/makemytrip-arm-acquires-bookmyforex-11649157990732.html "MakeMyTrip arm acquires BookMyForex"] ''livemint''. Retrieved on 05 April 2022</ref>
|}


===MakeMyTrip and Ibibo Group merger===
In 2023, MakeMyTrip began integrating generative AI features into its platform, such as voice-assisted booking in Indian languages and AI-generated summaries of hotel reviews.<ref>{{Cite news |last=Chaturvedi |first=Anumeha |date=2023-05-08 |title=MakeMyTrip collaborates with Microsoft to introduce voice assisted booking in Indian languages |url=https://economictimes.indiatimes.com/tech/technology/makemytrip-adds-ai-voice-chat-to-lure-more-india-travelers/articleshow/100069679.cms?from=mdr |access-date=2025-10-07 |work=The Economic Times |issn=0013-0389}}</ref> In January 2024, the company announced an agreement to acquire the expense-management platform Happay from [[Cred (company)|CRED]].<ref>{{Cite web |last=Florentyna |first=Anne |date=2024-11-18 |title=MakeMyTrip To Acquire CRED’s Expense Management Platform Happay |url=https://inc42.com/buzz/makemytrip-to-acquire-creds-expense-management-platform-happay/ |access-date=2025-10-07 |website=Inc42 Media |language=en}}</ref> In 2025, it released an updated version of its virtual assistant, Myra.<ref>{{Cite web |last=Chawla |first=Ayushmann |date=2025-08-18 |title=MakeMyTrip’s Myra AI Review: How effective is the personal travel assistant? |url=https://www.hindustantimes.com/technology/makemytrips-myra-ai-review-personal-travel-assistant-to-help-you-declutter-101755499699704.html |access-date=2025-10-07 |website=Hindustan Times |language=en}}</ref> Also in 2025, the company mapped more than 2,000 hotels and homestays near over 100 national parks in India.<ref>{{Cite web |last=Dhawan |first=Bulbul |date=2025-08-26 |title=How Homestays Can Help Fix India's 200,000-Room Shortage |url=https://skift.com/2025/08/25/how-homestays-can-help-fix-indias-200000-room-shortage/ |access-date=2025-10-07 |website=Skift |language=en-US}}</ref>
In 2016, MakeMyTrip and [[Ibibo|Ibibo Group]], [[India]]'s largest travel booking portals, merged through a stock transaction. Through this transaction, MakeMyTrip acquired its rival, Ibibo Group, in one of the biggest acquisition in India's online travel space. Post merger, MakeMyTrip shareholders own a 60% stake and Ibibo Group shareholders get a 40% stake. [[Naspers]] and [[Tencent]], who jointly owned Ibibo Group, became the single largest [[shareholder]] in MakeMyTrip.<ref>{{Cite web|url=https://www.naspers.com/news/makemytrip-limited-and-ibibo-group-to-combine|title=MakeMyTrip Limited and ibibo Group to combine|website=www.naspers.com|access-date=2018-11-23}}</ref>
 
In 2025, MakeMyTrip [[Share repurchase|repurchased]] over 34 million Class B shares held by [[Trip.com Group]], reducing the latter's shareholding in the company from 45.34% to 16.90%.<ref>{{cite news |date=4 July 2025 |title=MakeMyTrip completes share repurchase to cut China-based Trip. com's stake |url=https://economictimes.indiatimes.com/tech/startups/makemytrip-completes-share-repurchase-to-cut-china-based-trip-coms-stake/articleshow/122247317.cms |access-date=16 August 2025 |work=The Economic Times}}</ref>
 
In March 2026, MakeMyTrip announced it was evaluating a potential listing on Indian domestic stock exchanges ([[BSE Limited|BSE]] and [[National Stock Exchange of India|NSE]]), which would complement its existing NASDAQ listing.<ref>{{cite news|url=https://www.business-standard.com/companies/news/makemytrip-evaluates-india-listing-after-more-than-a-decade-on-nasdaq-126031601318_1.html|title=MakeMyTrip evaluates India listing after more than a decade on Nasdaq|work=Business Standard|date=16 March 2026}}</ref> The company also acquired a majority stake in [[Flamingo Transworld]], a group holiday packages company with a strong presence in western and central India, and made a strategic minority investment in Atlys, a visa processing platform.<ref>{{cite web|url=https://www.tipranks.com/news/company-announcements/makemytrip-sharpens-india-focus-with-flamingo-acquisition-atlys-stake-and-local-listing-plan|title=MakeMyTrip Sharpens India Focus With Flamingo Acquisition, Atlys Stake, and Local Listing Plan|website=TipRanks|date=2026}}</ref>
 
== Initial public offering ==
MakeMyTrip's initial public offering on the [[NASDAQ]] in August 2010 priced shares at US$14, at the top of the US$12–14 range. The company offered 5 million shares and raised approximately US$80.5 million, with [[Morgan Stanley]] as the sole book-runner.<ref>{{cite news|url=https://www.business-standard.com/article/markets/makemytrip-fixes-ipo-at-14-a-share-lists-on-nasdaq-110081300042_1.html|title=MakeMyTrip fixes IPO at $14 a share, lists on Nasdaq|work=Business Standard|date=13 August 2010}}</ref> On the first day of trading, shares surged approximately 80% to US$25.16, making it the best-performing IPO in the United States that year. The offering valued the company at approximately US$478 million and was the first IPO by an Indian company in the U.S. since July 2006.<ref>{{cite web|url=https://www.dnaindia.com/business/interview-it-s-a-fairytale-nasdaq-listing-for-makemytrip-1423091|title=It's a fairytale Nasdaq listing for MakeMyTrip|website=DNA India|date=2010}}</ref>


== Products and services ==
== Products and services ==
MakeMyTrip offers flight tickets to many, [[Villa|villas]] and [[Apartment|apartments]], rail and bus tickets, cab service, and hotel booking services on its portal. In 2012, MakeMyTrip launched travel mobile applications for [[Windows Phone]], [[iPhone]], [[Android (operating system)|Android]], and [[BlackBerry|Blackberry]] devices. MakeMyTrip route planner provides all the basic required information on more than 10 [[lakh]] (1 million) routes in [[India]].<ref>{{cite web|url=http://www.nextbigwhat.com/makemytrip-routeplanner-ixigo-competition-297/|title=MakeMyTrip launches routeplanner – competes directly with iXiGo?|last=NextBigWhat|website=www.nextbigwhat.com}}</ref>  MakeMyTrip also offer metro train tickets for [[Hyderabad Metro]].<ref>{{cite web|url=https://www.thehindubusinessline.com/economy/logistics/makemytrip-hyderabad-metro-launch-qr-code-based-e-tickets-for-easy-mobility/article30380417.ece|title=MakeMyTrip, Hyderabad Metro launch QR-code based e-tickets for easy mobility|date=23 December 2019 }}</ref><ref>{{cite web|url=https://www.thehindubusinessline.com/info-tech/makemytrip-deploys-ai-to-make-bookings-easier/article29697353.ece|title=MakeMyTrip deploys AI to make bookings easier|date=16 October 2019 }}</ref>
MakeMyTrip provides flight, hotel, bus, and train ticket booking, as well as holiday packages. The company launched mobile applications for booking travel in 2012. {{as of|June 2023|post=,}} the company had 146 active franchisees.<ref name=":0">{{Cite web |last=Haris |first=Mohammad |date=2023-03-29 |title=MakeMyTrip To Expand Footprint in India, Aims to Grow Franchisees By 50% In 2023 |url=https://www.news18.com/business/makemytrip-to-expand-footprint-in-india-aims-to-grow-franchisees-by-50-in-2023-7413127.html |access-date=2023-08-10 |website=News18 |language=en}}</ref>


The [[Organization]] has also undertaken certain steps to make travelling stress-free, [[Appropriate technology|appropriate]] and [[pliable]].<ref>{{Cite web|last=Pr|first=Ani|date=2021-11-29|title=Travel innovations by MakeMyTrip that promise to make travelling safe, convenient, flexible and hassle-free|url=https://theprint.in/ani-press-releases/travel-innovations-by-makemytrip-that-promise-to-make-travelling-safe-convenient-flexible-and-hassle-free/773971/|access-date=2021-12-13|website=ThePrint|language=en-US}}</ref>
Following its founding in 2000, MakeMyTrip's initial service was air ticketing for travel to and from India.<ref>{{Cite news |date=2016-10-19 |title=MakeMyTrip, Ibibo merge to create mega online travel co |url=https://timesofindia.indiatimes.com/business/india-business/makemytrip-ibibo-merge-to-create-mega-online-travel-co/articleshow/54926855.cms |access-date=2023-08-10 |work=The Times of India |issn=0971-8257}}</ref> A significant expansion occurred in 2017 when the company merged with Ibibo Group, the parent company of rival travel site [[Ibibo|Goibibo]].<ref>{{Cite web |date=2016-10-18 |title=MakeMyTrip acquires ibibo Group for nearly Rs 12,000 crore |url=https://www.zeebiz.com/companies/news-makemytrip-acquires-ibibo-group-for-nearly-rs-12000-crore-7175 |access-date=2023-08-10 |website=Zee Business}}</ref>


== Awards and recognition ==
The company's hotel booking service, operated through MMTand Goibibo, was launched in 2005.<ref>{{Cite web |last=Nair |first=Regina Anthony |date=2008-12-14 |title=Online travel firms see spurt in business |url=https://www.livemint.com/Companies/cVpGtqMItbVoZEPzewp9EM/Online-travel-firms-see-spurt-in-business.html |access-date=2023-08-10 |website=mint |language=en}}</ref> As of 2020, it had over 60,000 accommodation properties in India and 5,00,000 outside the country listed on its site.<ref>{{Cite web |date=2020-08-25 |title=MakeMyTrip taps offline agents to bring back business, post-COVID-19 |url=https://www.moneycontrol.com/news/business/startup/makemytrip-taps-offline-agents-to-bring-back-business-post-covid-19-5753201.html |access-date=2023-08-10 |website=Moneycontrol |language=en}}</ref>
{{Cite check|section|date=November 2018}}
 
<!--This list should focus on noteworthy awards from independent acknowledged award institutions and major reliable sites. Trivial user surveys, minor conferences and PR awards should be omitted.-->
Its bus ticketing operations are primarily handled through its subsidiary, [[redBus]], an online bus ticketing platform which it acquired from the Ibibo Group.<ref>{{Cite news |title=MakeMyTrip-owned RedBus plans integrated end-to-end online travel solutions |url=https://www.business-standard.com/article/companies/makemytrip-owned-redbus-plans-integrated-end-to-end-online-travel-solutions-122041200805_1.html |work=www.business-standard.com}}</ref> redBus partners with bus operators in India, [[South America]], and [[Southeast Asia]].<ref>{{Cite web |last=Sahay |first=Priyanka |date=2016-07-11 |title=redBus acquires majority stake in Peru-based Busportal |url=https://www.livemint.com/Companies/Pu4kVmtaCxQXPA9IkCHMCP/redBus-acquires-majority-stake-in-Perubased-Busportal.html |access-date=2023-08-10 |website=mint |language=en}}</ref>
{| class="wikitable"
 
|-
MakeMyTrip also operates TripMoney, a fintech arm offering foreign exchange services, travel insurance, and travel-related financial products. In 2022, TripMoney acquired BookMyForex, an online foreign exchange platform. The company offers car rental services for airport transfers, local sightseeing, and intercity travel. In 2025, MakeMyTrip launched an updated version of its AI-powered virtual assistant, Myra, which handles over 55,000 daily conversations in multiple Indian languages across the travel booking lifecycle.<ref>{{cite web|url=https://www.hindustantimes.com/technology/makemytrips-myra-ai-review-personal-travel-assistant-to-help-you-declutter-101755499699704.html|title=MakeMyTrip's Myra AI Review: How effective is the personal travel assistant?|website=Hindustan Times|date=18 August 2025}}</ref>
! Year !! Name of the Award !! Awarded by !! Ref(s)
 
|-
== Market position ==
| 2009 || Superbrand || Consumer [[Superbrands]] India ||<ref>[http://www.superbrandsindia.com/images/brand_pdf/consumer_3rd_edition/Makemytrip.com.pdf "MakeMyTrip.com- Superbrands"] ''superbrandsindia.com''. Retrieved 27 June 2013.</ref>
MakeMyTrip is the largest online travel agency in India, with an estimated market share exceeding 60% in the Indian OTA segment as of 2025.<ref>{{cite web|url=https://www.stocksmantra.com/market-share-of-indian-online-travel-agencies-flight-hotel-train-and-bus-bookings/|title=Market Share of Indian Online Travel Agencies|website=StocksMantra|date=2025}}</ref> The company's platforms receive approximately 36 million monthly visits. Its primary competitors include [[EaseMyTrip]], [[Cleartrip]] (owned by [[Flipkart]]), [[Yatra (website)|Yatra]], and [[Ixigo]].<ref>{{cite web|url=https://skift.com/2025/01/09/makemytrip-dominates-travel-search-in-india-can-it-hold-on-to-its-lead/|title=MakeMyTrip Dominates Travel Search in India. Can It Hold On to Its Lead?|website=Skift|date=9 January 2025}}</ref> In FY2025, the company reported record gross bookings of US$9.8 billion.<ref>{{cite web|url=https://www.phocuswire.com/makemytrip-fiscal-q4-full-year-2025|title=MakeMyTrip posts record gross bookings for fiscal year 2025|website=PhocusWire}}</ref>
|-
| 2009 || Best Service Provider Company (tour operators category) || Indian Council of Market Research ||<ref>[https://www.telegraphindia.com/?mode=details&id=27310 "MakeMyTrip Ties Up with Visa- About MakeMyTrip"] ''thetelegraphindia.com'', 23 June 2011</ref>
|-
| 2010 || Most Preferred Travel and Holiday Website || IMINT Shoppers and Consumer Insights Awards ||<ref>[http://www.arrowtimesmedia.com/news-events/lowest-price-guarantee-on-bus-ticket-booking-on-makemytrip-com.html "Lowest price guarantee on Bus ticket-booking on MakeMyTrip.com"] ''arrowtimesmedia.com''. Retrieved 14 February 2013.</ref>
|-
| 2011 || Best Online Travel Service Firm || Times Travel Honours ||<ref name="timesofindia.indiatimes.com">TNN, [http://timesofindia.indiatimes.com/business/india-business/Jet-Airways-Makemytrip-sweep-inaugural-Times-Travel-Honours/articleshow/10396152.cms "Jet Airways, Makemytrip sweep inaugural Times Travel Honours"] ''timesofindia.indiatimes.com'', 18 October 2011</ref>
|-
| 2011 || Best Domestic Tour Operator || Times Travel Honours ||<ref name="timesofindia.indiatimes.com" />
|-
| 2012 || Retailer of the Year || Franchise India awards ||<ref>Gunjan Piplani, [http://www.indianretailer.com/magazine/2012/december/Retailers-eye-tier-II-tier-III-cities-in-2013_60-2-9/ "Retailers eye tier II & tier III cities in 2013"] ''indianretailer.com''.Retrieved 20 March 2013.</ref>
|-
| 2012 || Best Online Tour Company || Safari India National Tourism Award ||<ref>[http://www.patwainternational.com/patwa_news_online/safari_awards.htm "Safari India National Tourism Awards"] ''patwainternational.com''. Retrieved 14 February 2013.</ref>
|-
| 2012 || Leisure and Travel E-Retailer Award || Franchise India e-Retailer Awards ||<ref>[http://www.franchiseindia.com/business-opportunities/Travel/MMTFranchise/ "Leisure & Travel E-Retailer Award"] ''franchiseindia.com'', 2012</ref>
|-
| 2012 || Best Travel Innovator || Travel Distribution World Asia Awards (Budgie & Travel Awards) ||<ref>[http://www.terrapinn.com/2012/budgiesandtravel/index.stm "Celebrating Excellence in Asia's Low Cost Aviation and Travel Industry"] {{Webarchive|url=https://web.archive.org/web/20140214122331/http://www.terrapinn.com/2012/budgiesandtravel/index.stm |date=14 February 2014 }} ''Budgie$ & Travel Awards – terrapin.com'', 9 February 2012</ref>
|-
| 2012 || Industry Architecture Shift || Porter Prize (named after Michael E Porter) ||<ref>Abhinandan Mishra, [http://www.porterprize.in/wp-content/uploads/2012/10/Porter-Prize_Sunday-Guardian.pdf "Porter Prize 2012 awarded"] {{Webarchive|url=https://web.archive.org/web/20150109163116/http://www.porterprize.in/wp-content/uploads/2012/10/Porter-Prize_Sunday-Guardian.pdf |date=9 January 2015 }} ''Porter Prize- Sunday Guardian''. Retrieved 2010-10.</ref>
|-
| 2012 || Best Mobile Strategy and Best Mobile Solution || Eyefortravel Award ||<ref>[http://events.eyefortravel.com/social-media-and-mobile-asia/conference-agenda.php "Social Media & Mobile in Travel Asia 201327-28th November 2013, Langham, Hong Kong"] {{Webarchive|url=https://web.archive.org/web/20130807090034/http://events.eyefortravel.com/social-media-and-mobile-asia/conference-agenda.php |date=7 August 2013 }} events.eyefortravel.com. Retrieved 27 June 2013.</ref>
|-
| 2013, 2009 || Best Travel Portal || CNBC Awaaz Travel Award ||<ref>[http://www.afaqs.com/news/company_briefs/index.html?id=8354_MakeMyTrip.com+awarded+the+best+Travel++Tourism+company+in+India "MakeMyTrip.com awarded the best Travel & Tourism company in India"] ''afaqs.com'', 10 May</ref>
|-
| 2013, 2012 || Best Travel Facilitator (Indian) || Lonely Planet Travel Award ||<ref name="auto">[http://www.mediavataar.com/index.php/news/experiential-marketing/3842-lonely-planet-magazine-india-launches-first-ever-travel-awards-on-3rd-may "Lonely Planet Magazine India launches first-ever Travel Awards on 3rd May"] {{Webarchive|url=https://web.archive.org/web/20120503231958/http://mediavataar.com/index.php/news/experiential-marketing/3842-lonely-planet-magazine-india-launches-first-ever-travel-awards-on-3rd-may |date=3 May 2012 }} ''mediavataar.com'', 30 April 2012</ref>
|-
| 2013, 2012 || Best Travel Facilitator (Indian) || Lonely Planet Travel Award ||<ref name="auto"/>
|-
| 2015, 2014, 2013, 2012 || Best Travel Portal || Outlook Traveller Reader's Choice Travel Awards ||<ref>[http://travel.outlookindia.com/article.aspx?283800 "Readers’ Choice Winners"] {{Webarchive|url=https://web.archive.org/web/20130906001409/http://travel.outlookindia.com/article.aspx?283800 |date=6 September 2013 }} ''Outlook Traveller Magazine'', 1 February 2013</ref>
|-
| 2014, 2013 || e-tailer of the Year || ET Retail Awards ||<ref>{{cite web|url=http://www.etretailawards.com/winners2014.aspx|title="Honouring Excellence in Retail"}}</ref>
|-
| 2014, 2013 || Best Travel Portal India || World Travel Awards ||<ref>{{cite web|url=http://www.worldtravelawards.com/winners2014-4|title=World Travel Awards 2014 Asia Winners|website=World Travel Awards}}</ref>
|-
|2015, 2016
|Most Favorite Online Tour Operator Award
|Readers' Travel Awards 2015- Conde Nast Traveller, 2015
|<ref name=":0">{{Cite web |last=Make My |first=Trip |date=9 November 2022 |title=Awards and recognition Makemy Trip |url=https://www.makemytrip.com/about-us/awards.php |access-date=9 November 2022 |website=makemy trip}}</ref>
|-
|2016
|#1 Company in Ecommerce Industry
|Great Place to Work Institute - India, 2016
|<ref name=":0" />
|-
|2016
|Business World Golden Cart Award
|Gold in Travel and Holidays, Business World, 2016
|<ref name=":0" />
|-
|2016
|MMT won 2 Golds in the category- Best Creative Advertising - Single Ad or Campaign
|E4M Prime Time Awards 2016
|<ref name=":0" />
|-
|2017
|Favorite online tour agent
|Condé Nast Traveller India
|<ref name=":0" />
|-
|2017
|Favorite travel app
|Condé Nast Traveller India
|<ref name=":0" />
|-
|2017
|Best E-Commerce Solution Provider
|Express IT Award
|<ref name=":0" />
|-
|2017
|MMT Assured Campaign won Bronze in the Best Use of Integrated Marketing Campaign category
|India Marketing Awards - E4M
|<ref name=":0" />
|-
|2017
|Gold in the category of Best Travel and Tourism Brand
|Social Samosa Social Media Awards
|<ref name=":0" />
|-
|2017
|Gold in the category of Travel and Holidays
|Businessworld Golden Cart Awards
|<ref name=":0" />
|-
|2017
|Excellence in online travel booking site
|The South Asia’s largest travel and tourism exhibition (SATTE)
|<ref name=":0" />
|-
|2017
|Won Silver as a Recognition of Effective and Impactful Advertising
|EFFIES
|<ref name=":0" />
|-
|2017
|Best E - commerce solution Provider
|Express IT award 2017
|<ref name=":0" />
|-
|2018
|Wion Buzziest Brand Award for E-commerce Solution
|Wion
|<ref name=":0" />
|-
|2018
|OTA of the year (2018) (India)
|Times Travel Awards 2018
|<ref name=":0" />
|-
|2018
|Integrated Marketing Initiative of the year for campaign MakeMyTrip International
|Et Brand Equity Marketing Award
|<ref name=":0" />
|-
|2018
|Jury Award for Best Travel Partner
|Zee Business Travel Awards
|<ref name=":0" />
|-
|2018
|Awards for Excellence in Online booking sites
|The South Asia’s largest travel and tourism exhibition (SATTE)
|<ref name=":0" />
|-
|2018
|OTA of the year (2018) (India)
|Times Travel Awards 2018
|<ref name=":0" />
|-
|2019
|Best Online Travel Agency - B2C Category
|FICCI Travel & Tourism Excellence Awards
|<ref name=":0" />
|-
|2019
|Favorite Specialist Tour Operator
|CNT India
|<ref name=":0" />
|-
|2019
|Best 50
|People Capital Index(PCI) companies, Jombay, 2019
|<ref name=":0" />
|-
|2020
|Best Domestic Tour Operator - Operations More Than 5 Years
|The South Asia’s largest travel and tourism exhibition (SATTE)
|<ref name=":0" />
|-
|2020
|Silver for Best B2C Campaign - India, Get a Room
|ET Brand Equity DigiPlus Awards
|<ref name=":0" />
|-
|2020
|Best HR team of the Year
|Business World, 2020
|<ref name=":0" />
|}


== References ==
== References ==
Line 278: Line 66:


==External links==
==External links==
* {{Official|https://www.makemytrip.com}}
* {{Official website|https://www.makemytrip.com}}
 
{{Finance links
{{Finance links
| symbol = MMYT
| symbol = MMYT
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[[Category:2000 establishments in Haryana]]
[[Category:2000 establishments in Haryana]]
[[Category:Travel and holiday companies of India]]
[[Category:Travel and holiday companies of India]]
[[Category:Online companies of India]]

Latest revision as of 12:43, 21 March 2026


MakeMyTrip Limited
Traded asNASDAQ: MMYT
IndustryOnline travel
Founded2000; 26 years ago (2000)
Founder(s)Deep Kalra
Headquarters
Gurgaon, Haryana
,
India
Area served
Worldwide
Key people
ProductsBooking flights, hotels, holidays, buses, trains and cars
RevenueIncrease US$978 million (FY2025)[1]
Number of employees
5,122 (2025)[2]
Website{{URL|example.com|optional display text}}

MakeMyTrip Limited is an Indian online travel company, headquartered in Gurgaon. Founded in 2000, it operates an online travel-booking platform for travel services such as airline tickets, hotel reservations, holiday packages, and rail and bus tickets.[3] The company also maintains offices outside India, including locations in New York, Singapore, Kuala Lumpur, Phuket, Bangkok, Dubai and Istanbul.[4]

In 2016, MakeMyTrip acquired the Ibibo Group, which owned sites such as Goibibo and Redbus.in.[5]

History[edit | edit source]

MakeMyTrip was founded by Deep Kalra in 2000, initially targeting the United States market with a focus on itineraries between the U.S. and India for the Indian diaspora. In September 2005, it began operations in India with online airline ticketing and later expanded into holiday packages and hotel reservations.[6]

MakeMyTrip Limited listed on the Nasdaq on 17 September 2010 following an initial public offering.[7] In 2011, the company acquired Luxury Tours and Travel Pte Ltd (Singapore), ITC Group's travel business, and ETB Group—expanding its presence in Southeast Asia and parts of Europe. In 2012, it introduced RoutePlanner, a tool for searching routes and modes within India.[8][9] In September 2014, it established a US$15 million innovation fund to invest in sector start-ups.[10]

In April 2015, MakeMyTrip acquired MyGola; the deal was made through the innovation fund.[11] In July 2015, MakeMyTrip invested in the travel information and hotel review portal HolidayIQ and picked up approximately 30% stake in the company.[12] In the same month, it invested $5 million in a startup called Bona Vita.[13]

In January 2016, the China-based travel booking company Ctrip agreed to invest $180 million in MakeMyTrip.[14] Later that year, MakeMyTrip and Ibibo Group, India's largest travel booking portals, merged via a stock swap. Naspers became the largest shareholder of MakeMyTrip after the transaction.[15] In 2019, Ctrip increased its stake in MakeMyTrip to 49% by acquiring 42% of the company from Naspers through a stock swap transaction. As a result, Naspers obtained a 5.6% stake in Ctrip worth $1.3 billion.[16]

The company acquired the Mumbai-based corporate travel management company Quest2Travel for an undisclosed amount in 2019.[17] The company launched myPartner in 2020, a platform for travel agents.[18] In May 2021, the company partnered with ⁣Amazon Pay for providing travel services on Amazon.[19] In April 2022, TripMoney, the fintech arm of MakeMyTrip, announced the acquisition of BookMyForex, an online foreign exchange services provider.[20]

In 2023, MakeMyTrip began integrating generative AI features into its platform, such as voice-assisted booking in Indian languages and AI-generated summaries of hotel reviews.[21] In January 2024, the company announced an agreement to acquire the expense-management platform Happay from CRED.[22] In 2025, it released an updated version of its virtual assistant, Myra.[23] Also in 2025, the company mapped more than 2,000 hotels and homestays near over 100 national parks in India.[24]

In 2025, MakeMyTrip repurchased over 34 million Class B shares held by Trip.com Group, reducing the latter's shareholding in the company from 45.34% to 16.90%.[25]

In March 2026, MakeMyTrip announced it was evaluating a potential listing on Indian domestic stock exchanges (BSE and NSE), which would complement its existing NASDAQ listing.[26] The company also acquired a majority stake in Flamingo Transworld, a group holiday packages company with a strong presence in western and central India, and made a strategic minority investment in Atlys, a visa processing platform.[27]

Initial public offering[edit | edit source]

MakeMyTrip's initial public offering on the NASDAQ in August 2010 priced shares at US$14, at the top of the US$12–14 range. The company offered 5 million shares and raised approximately US$80.5 million, with Morgan Stanley as the sole book-runner.[28] On the first day of trading, shares surged approximately 80% to US$25.16, making it the best-performing IPO in the United States that year. The offering valued the company at approximately US$478 million and was the first IPO by an Indian company in the U.S. since July 2006.[29]

Products and services[edit | edit source]

MakeMyTrip provides flight, hotel, bus, and train ticket booking, as well as holiday packages. The company launched mobile applications for booking travel in 2012. As of June 2023, the company had 146 active franchisees.[30]

Following its founding in 2000, MakeMyTrip's initial service was air ticketing for travel to and from India.[31] A significant expansion occurred in 2017 when the company merged with Ibibo Group, the parent company of rival travel site Goibibo.[32]

The company's hotel booking service, operated through MMTand Goibibo, was launched in 2005.[33] As of 2020, it had over 60,000 accommodation properties in India and 5,00,000 outside the country listed on its site.[34]

Its bus ticketing operations are primarily handled through its subsidiary, redBus, an online bus ticketing platform which it acquired from the Ibibo Group.[35] redBus partners with bus operators in India, South America, and Southeast Asia.[36]

MakeMyTrip also operates TripMoney, a fintech arm offering foreign exchange services, travel insurance, and travel-related financial products. In 2022, TripMoney acquired BookMyForex, an online foreign exchange platform. The company offers car rental services for airport transfers, local sightseeing, and intercity travel. In 2025, MakeMyTrip launched an updated version of its AI-powered virtual assistant, Myra, which handles over 55,000 daily conversations in multiple Indian languages across the travel booking lifecycle.[37]

Market position[edit | edit source]

MakeMyTrip is the largest online travel agency in India, with an estimated market share exceeding 60% in the Indian OTA segment as of 2025.[38] The company's platforms receive approximately 36 million monthly visits. Its primary competitors include EaseMyTrip, Cleartrip (owned by Flipkart), Yatra, and Ixigo.[39] In FY2025, the company reported record gross bookings of US$9.8 billion.[40]

References[edit | edit source]

  1. ↑ "MakeMyTrip posts record gross bookings for fiscal year 2025". PhocusWire.
  2. ↑ "MakeMyTrip: Number of Employees 2010-2025 | MMYT". www.macrotrends.net. Retrieved 16 August 2025.
  3. ↑ Haris, Mohammad (29 March 2023). "MakeMyTrip To Expand Footprint in India, Aims to Grow Franchisees By 50% In 2023". News18. Retrieved 10 August 2023.
  4. ↑ "Story of MakeMyTrip, the Revolutionary E-commerce". The CEO Magazine India. Retrieved 10 August 2023.
  5. ↑ "MakeMyTrip Limited and ibibo Group to combine". www.naspers.com. Archived from the original on 23 November 2018. Retrieved 28 October 2018.
  6. ↑ "MakeMyTrip Success Story - Becoming India's Top Travel Startup". StartupTalky. 18 December 2023. Archived from the original on 17 August 2019. Retrieved 4 May 2024.
  7. ↑ "A new journey begins for MakeMyTrip". Rediff. Archived from the original on 15 August 2010. Retrieved 23 October 2018.
  8. ↑ NextBigWhat. "MakeMyTrip launches routeplanner – competes directly with iXiGo?". www.nextbigwhat.com. Archived from the original on 17 November 2012.
  9. ↑ "MakeMyTrip launches new travel application". BusinessLine. 5 February 2013. Retrieved 10 August 2023.
  10. ↑ "MakeMyTrip's early-stage investment fund is an extension to M&A strategy: Magow". VCCircle. 23 September 2014.
  11. ↑ Krishnamurthy, Krithika (21 April 2015). "MakeMyTrip acquires travel startup Mygola". The Economic Times.
  12. ↑ Chanchani, Madhav (23 June 2015). "MakeMyTrip picks up 28% stake for 95 crore in HolidayIQ to boost hotels & holidays business". The Economic Times. Archived from the original on 28 July 2015. Retrieved 2 January 2019.
  13. ↑ Jain, Samiksha (30 July 2015). "MakeMyTrip invests $5M in travel start-up Bona Vita, acquires 67% stake". Entrepreneur. Archived from the original on 10 September 2015. Retrieved 2 January 2019.
  14. ↑ Reporter, B. S. (8 January 2016). "Ctrip buys $180-mn stake in MakeMyTrip". Business Standard. Archived from the original on 9 January 2016. Retrieved 2 January 2019.
  15. ↑ "MakeMyTrip Limited and ibibo Group to combine". www.naspers.com. Archived from the original on 23 November 2018. Retrieved 28 October 2018.
  16. ↑ "China's Ctrip hikes stake in MakeMyTrip fivefold to 49%". The Times of India. 27 April 2019. Retrieved 27 December 2024.
  17. ↑ Singh, Rajiv (30 April 2019). "MakeMyTrip Acquires Corporate Travel Firm Quest2Travel". Forbes India. Archived from the original on 1 May 2019. Retrieved 10 August 2023.
  18. ↑ "MakeMyTrip opens up its hotel inventory to offline travel agents". Business Insider. Retrieved 10 August 2023.
  19. ↑ Abrar, Peerzada (1 November 2021). "MakeMyTrip and Amazon Pay form strategic tie-up to offer travel services". Business Standard India. Retrieved 28 November 2021.
  20. ↑ Rudra, Tapanjana (5 April 2022). "MakeMyTrip's Fintech Arm Acquires Majority Stake In Foreign Currency Exchange BookMyForex". Inc42 Media. Retrieved 10 August 2023.
  21. ↑ Chaturvedi, Anumeha (8 May 2023). "MakeMyTrip collaborates with Microsoft to introduce voice assisted booking in Indian languages". The Economic Times. ISSN 0013-0389. Retrieved 7 October 2025.
  22. ↑ Florentyna, Anne (18 November 2024). "MakeMyTrip To Acquire CRED's Expense Management Platform Happay". Inc42 Media. Retrieved 7 October 2025.
  23. ↑ Chawla, Ayushmann (18 August 2025). "MakeMyTrip's Myra AI Review: How effective is the personal travel assistant?". Hindustan Times. Retrieved 7 October 2025.
  24. ↑ Dhawan, Bulbul (26 August 2025). "How Homestays Can Help Fix India's 200,000-Room Shortage". Skift. Retrieved 7 October 2025.
  25. ↑ "MakeMyTrip completes share repurchase to cut China-based Trip. com's stake". The Economic Times. 4 July 2025. Retrieved 16 August 2025.
  26. ↑ "MakeMyTrip evaluates India listing after more than a decade on Nasdaq". Business Standard. 16 March 2026.
  27. ↑ "MakeMyTrip Sharpens India Focus With Flamingo Acquisition, Atlys Stake, and Local Listing Plan". TipRanks. 2026.
  28. ↑ "MakeMyTrip fixes IPO at $14 a share, lists on Nasdaq". Business Standard. 13 August 2010.
  29. ↑ "It's a fairytale Nasdaq listing for MakeMyTrip". DNA India. 2010.
  30. ↑ Haris, Mohammad (29 March 2023). "MakeMyTrip To Expand Footprint in India, Aims to Grow Franchisees By 50% In 2023". News18. Retrieved 10 August 2023.
  31. ↑ "MakeMyTrip, Ibibo merge to create mega online travel co". The Times of India. 19 October 2016. ISSN 0971-8257. Retrieved 10 August 2023.
  32. ↑ "MakeMyTrip acquires ibibo Group for nearly Rs 12,000 crore". Zee Business. 18 October 2016. Retrieved 10 August 2023.
  33. ↑ Nair, Regina Anthony (14 December 2008). "Online travel firms see spurt in business". mint. Retrieved 10 August 2023.
  34. ↑ "MakeMyTrip taps offline agents to bring back business, post-COVID-19". Moneycontrol. 25 August 2020. Retrieved 10 August 2023.
  35. ↑ "MakeMyTrip-owned RedBus plans integrated end-to-end online travel solutions". www.business-standard.com.
  36. ↑ Sahay, Priyanka (11 July 2016). "redBus acquires majority stake in Peru-based Busportal". mint. Retrieved 10 August 2023.
  37. ↑ "MakeMyTrip's Myra AI Review: How effective is the personal travel assistant?". Hindustan Times. 18 August 2025.
  38. ↑ "Market Share of Indian Online Travel Agencies". StocksMantra. 2025.
  39. ↑ "MakeMyTrip Dominates Travel Search in India. Can It Hold On to Its Lead?". Skift. 9 January 2025.
  40. ↑ "MakeMyTrip posts record gross bookings for fiscal year 2025". PhocusWire.

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