EaseMyTrip Unveils Ambitious INR 500 Crore Fundraising Plan to Bolster Future Growth
EaseMyTrip announces a plan to raise INR 500 crore to enhance growth in key areas such as hotels and holidays. The capital will support strategic investments in technology and the company's broader expansion, with a focus on ensuring sustainable, long-term value creation for shareholders and partners.
- Country:
- India
EaseMyTrip, a leading Indian online travel-tech platform, is set to raise up to INR 500 crore to fuel growth and fortify its financial fortitude. The decision, approved by the Board, involves issuing equity shares or other securities, pending necessary authorizations.
The capital aimed at fortifying the company's position in hotel and holiday segments will also boost investments in technology and strategic ventures aligned with long-term goals. Founder Nishant Pitti emphasized the focus on strengthening core businesses and scaling promising sectors with potential for sustainable growth.
Funds will be raised through various lawful channels, including rights issues or private placements, subject to regulatory approval. EaseMyTrip, a major player in air ticket bookings, continues advancing as a comprehensive travel platform, enhancing offerings while ensuring lasting value for stakeholders.
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