Page 4 - Makemytrip

The bigger the pain, the sooner you will get the money: Rajesh Magow

Rajesh Magow of MakeMyTrip reveals the secret for startups to negotiate this funding winter

MeraDoc partners with MakeMyTrip to offer real-time medical services

HealthTech startup and India's fastest-growing online medical services company Meradoc has entered into a strategic partnership with travel booking MakeMyTrip to offer a bouquet of healthcare services on the go for the latter's subscribers across the country. With this alliance, Meradoc's digital-health platform and its services will now become available 24x7 on a real-time basis to MakeMyTrip customers across India, the company said in a statement. "The ground-breaking partnership will provide MakeMyTrip customers round-the-clock instant access to Meradoc's panel of qualified doctors through video and audio consultations," it said. Additionally, pathology services, personalised follow-ups and updates, as also delivery of medicines prescribed by the doctors, will be available to MakeMyTrip customers at their doorstep within two hours, whether they are at home or travelling anywhere in the country on business or for personal reasons. Set up in 2021 by Sudhir Mathur, ex-CEO of Cairn

SC dismisses MakeMyTrip's appeal against Google in trademark case

MakeMyTrip (MMT) claimed that its trademarks, "Makemytrip" and "MMT", were being used as keywords in Google Ads to display ads and links of its rival Booking.com

Goa, MakeMyTrip ink pact to promote state's culture, sustainable tourism

The Goa government and online travel firm MakeMyTrip on Thursday signed an agreement to promote the state's cultural heritage and culinary traditions to make it into a year-round destination, moving beyond the sun, sand and beaches, according to a statement. As per the Memorandum of Understanding (MoU), a public-private partnership, MakeMyTrip will highlight the state's inland cultural richness and culinary traditions, which usually take a back seat to popular coastal attractions by curating a cultural map of Goa, pushing various initiatives to promote the multi-faceted state, the Department of Tourism, Government of Goa, and MakeMyTrip said in a joint statement. "Our collective vision of 'Goa Beyond Beaches' is to bring the hidden splendours of the state to the forefront, celebrate its rich cultural heritage, take tourism to the hinterlands of Goa and ensure sustainable and regenerative tourism practices that preserve our natural resources for generations to come. Our partnership ..

Homestays showing lot of promise with compounding growth: MakeMyTrip CEO

Magow talks about the travel boom in the country and the company's new avenues to drive growth

MakeMyTrip, PolicyBazaar warn RBI of fintech hit after Paytm crackdown

There are concerns about the broader impact on India's fin-tech sector which the government says raised $5.6 billion in 2022, as digital payments and the use of smartphones and the internet boomed

MakeMyTrip logs highest-ever quarterly gross bookings at $2.08 billion

The online travel services platform delivered its highest-ever quarterly gross bookings during Q3 FY24

MakeMyTrip launches 'Beaches of India' campaign after India-Maldives row

The online travel platform reported a 3,400 per cent increase in searches for Lakshadweep after PM Modi's visit last week

MakeMyTrip CEO, Genpact CHRO each buy Rs 33 cr apartment in Gurgaon

Rajesh Magow and Piyush Mehta each secured 6,500 sq ft apartments at The Magnolias by DLF on Golf Course Road, showing the growing demand for luxury real estate

MakeMyTrip to collaborate with WEP for women entrepreneurs in North-East

WEP, incubated under Niti Aayog, has transitioned into a public-private partnership as a one-stop solution for information and services relevant to women entrepreneurs

MakeMyTrip posts $2 million profit in Sep quarter on elevated travel demand

Travel services provider MakeMyTrip on Tuesday reported a profit of USD 2 million for the September quarter, on the back of sustained elevated travel demand in India. The company, listed on Nasdaq, had reported a loss of USD 6.8 million in the year-ago period, it said in a regulatory filing. It also reported an EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of USD 13.5 million for the quarter under review, as against USD 10.7 million in the second quarter of FY23. "We witnessed strong growth both in terms of Gross Bookings and profitability despite the second quarter of fiscal year being a seasonally weaker quarter for leisure travel. For Q2 FY24, Gross Bookings grew by 23.8 per cent YoY (Year-on-Year) in constant currency to USD 1.8 billion from USD 1.5 billion in Q2 FY23," the company stated. Adjusted Operating Profit was USD 28.2 million in Q2 FY24 as compared to USD 15.1 million in Q2 FY23, registering a growth of 86.8 per cent YoY, it added. The comp

DGCA approves wet lease for domestic carriers to meet festive season demand

IndiGo and SpiceJet are likely to wet-lease 20 aircraft. While IndiGo will source 11 Airbus A320 aircraft from SmartLynx Airline, SpiceJet will induct nine Boeing 737Max aircraft from Corendon Airline

Zoho surpasses 100 million users across over 55 business applications

Zoho has added at least 50 million users. Its user base has grown from 1 million users in 2008 to 100 million in 2023

Seeing positive trends in travel, investing in tech: MakeMyTrip Group CTO

Travel is back with a vengeance after the difficult Covid years and online travel company MakeMyTrip has moved beyond the traditional business-to-consumer segment to line up new offerings and new partners, says its group CTO Sanjay Mohan. Over the last few years, we have expanded beyond our usual B2C space, and have become a travel platform, offering travel products to channels outside of our popular, consumer-facing, travel super-app, Mohan told PTI, citing new features such as myBiz for corporate, myPartner for travel agents and myAffiliate for affiliate partners. Moving swiftly to capitalise on the Indian diaspora in the Gulf countries where the brand is quite well-known, MakeMyTrip has also entered the Gulf market, he said. MakeMyTrip, which has a total transacted customer base of over 60 million, continues to invest in technology at a steady pace, he added. "Even during the Covid years, we were investing in technology and building interesting use cases for the ...

MakeMyTrip, Ministry of tourism unveil 600+ travel destinations in India

Promoting lesser-known tourist destinations in the country, MakeMyTrip in collaboration with the Ministry of Tourism has launched the "Traveller Map of India"

MakeMyTrip Q1FY24 results: Net profit at $18.6 million, revenue up 37%

The company's Ebitda saw a rise of 131.25% to $25.9 million in Q1FY24, as compared to $11.2 million YoY

MakeMyTrip Foundation pledges Rs 5 crore to aid flood relief efforts

The foundation is working with government bodies, experts, and local partners to provide relief to Himachal Pradesh and Uttarakhand

'Onus of deducting TCS on overseas hotel bookings should be on banks'

The onus of deducting TCS should be banks, in case a person makes an overseas hotel booking using the e-commerce portal of tour operators, said a senior official of MakeMyTrip, a leading online travel service provider. MakeMyTrip Group Vice President-Taxation Tajinder Singh said, in case a tour package is booked from the e-commerce portal, the company will take an undertaking from its customers, on whether the total amount remitted abroad so far has exceeded the threshold of Rs 7 lakh in the fiscal year. The government has said that from October 1, a 5 per cent Tax Collected at Source (TCS) will be levied on tour packages up to Rs 7 lakh in a fiscal. The rate will go up to 20 per cent for spending beyond the threshold. Currently, 5 per cent TCS is levied on overseas tour packages irrespective of spending. Singh said TCS collection on overseas tour spendings has two aspects -- one where a tour package is booked using the e-commerce portal and secondly, when the customer uses the por

Cruise ship holidays: Affordable and accessible than ever before

Make a short Mumbai-Goa trip or travel for days as the ship takes you to multiple cities

Skip Manali, pick these hill stations for your annual summer break

To get away from the maddening crowds in popular holiday destinations, head to lesser known hill stations in Tamil Nadu, Arunachal, Sikkim