Latest news with #EaseMyTrip
Business Standard
5 hours ago
- Business
- Business Standard
Easy Trip Planners launches its next growth phase - EaseMyTrip 2.0.
To identify and invest in high-potential, scalable businesses announced the launch of its next phase of growth, titled EaseMyTrip 2.0. Spearheaded by Chairman & Founder Nishant Pitti, the initiative marks a major strategic pivot as the company sets out to invest in high-potential, scalable businesses while expanding its footprint into new and emerging verticals aligned with India's evolving travel and lifestyle needs. Unlike traditional investment models that seek control or exits, EaseMyTrip 2.0 is built around the principle of partnership. The company will focus on working capital investments, acquiring up to 49% equity in selected businesses, while ensuring that founders retain full operational control. This collaborative approach allows entrepreneurs to scale their ventures by tapping into EaseMyTrip's extensive resources, including its customer base of over 3 crore users, a powerful digital and marketing ecosystem, and a trusted brand with pan-India reach. We want to back founders who are building exciting businesses and not replace them, said Nishant Pitti, Chairman & Founder of EaseMyTrip. EaseMyTrip 2.0 is about combining their vision with our platform to create real, lasting scale. The sectors targeted for strategic investment cover both core and adjacent areas where EaseMyTrip sees strong growth potential. In the travel domain, the company is looking to partner with businesses involved in domestic and international holidays, religious and spiritual tourism (such as Ayodhya, Kedarnath, and Varanasi), student and education travel, MICE (Meetings, Incentives, Conferences, Exhibitions) and group travel, luxury travel experiences, chartered flights, air ambulance services, and last-mile mobility including airport transfers and intercity cab services. In addition, EaseMyTrip 2.0 will explore adjacent verticals that complement its core travel business. These include wellness and preventive healthcare services like spas and clinics, financial products linked to travel such as EMI and pay later solutions, insurance and travel assistance, airport-related services like lounge access and concierge support, as well as lifestyle and experiential add-ons such as gifting and customized tour packages. The company believes these segments offer synergies that can be meaningfully unlocked through strategic collaboration. EaseMyTrip is now inviting early- to mid-stage entrepreneurs to submit their business plans, past financial records, and three-year growth projections. Interested founders can send their applications to for evaluation. EaseMyTrip is now inviting early- to mid-stage entrepreneurs to submit their business plans, past financial records, and three-year growth projections. Interested founders can send their applications to for evaluation.
India Gazette
17 hours ago
- Business
- India Gazette
EaseMyTrip scouts for scalable businesses, seeks partners to invest and share brand value
New Delhi [India], June 1 (ANI): Online travel platform EaseMyTrip is looking to invest in Indian companies with high growth potential and a scalable business proposition, its Founder and Chairman Nishant Pitti indicated on Sunday. Pitti said the EaseMyTrip 2.0 story will be about growth in India's next big businesses. The multinational online travel company's founder said they are launching 'a strategic initiative' to partner with 'high-potential, scalable businesses' in areas like travel, wellness and beauty, financial products, insurance and assistance, airport services (lounges, meet and assist, baggage handling), experiences and lifestyle, education travel among others. Taking to his social media handle X, EaseMyTrip Founder and Chairman posted that the company is 'looking for founders who need working capital to grow and where the popular travel platform can take up to 49 per cent equity.' The equity stake in such companies will come with a clear objective of helping scale using EaseMyTrip's 3+ crore customer base, brand trust, and digital infrastructure, Pitti said. 'Founders retain operational control. We provide capital, distribution, and ecosystem support,' Pitti wrote on X. 'If you're building or built something exciting, send us: Business plan, Past performance records,3-year financial projections.' 'Let's scale together,' Pitti's X post concluded, as he put out an email ID of EaseMyTrip's Chief Strategy Officer Vikash Goyal for businesses to reach out. EaseMyTrip says it is India's fastest-growing and the only profitable Online Travel aggregator, which is 100 per cent bootstrapped and listed on NSE and BSE. EaseMyTrip commenced its operations in 2008 by focusing on the B2B2C (business to business to customer) distribution channel and providing travel agents access to its website to book domestic travel airline tickets in order to cater to the offline travel market in India. Subsequently, by leveraging its B2B2C channel, the company commenced operations in the B2C (business to customer) distribution channel in 2011 by primarily focusing on the growing Indian middle class population's travel requirements. It later commenced operations in the B2E (business to enterprise) distribution channel in 2013 with the aim of providing end-to-end travel solutions to corporates. (ANI)
India.com
2 days ago
- Business
- India.com
EaseMyTrip Sees Sharp 59% Sequential Drop In Q4 Net Profit, Revenue slips
New Delhi: Online travel aggregator (OTA) EaseMyTrip has reported a sharp decline in its net profit for the fourth quarter (Q4) of FY25, as earnings fell by over 59 per cent quarter-on-quarter (QoQ) compared to the previous quarter (Q3 FY25). Nishant Pitti-run company's net profit after tax (PAT) stood at Rs 13.9 crore in Q4 FY25, down from Rs 34 crore in Q3 FY25, according to its stock exchange. The company also witnessed a drop in revenue from operations, which fell to Rs 139 crore in Q4 FY25 from Rs 150 crore in Q3 FY25 -- a decrease of approximately 7.33 per cent. Compared to the same quarter last year (Q4 FY24), revenue dropped by 15 per cent from Rs 164 crore. This suggests that growth for the online travel platform remained sluggish on the quarterly basis. Total income during the quarter also fell by 6.54 per cent to Rs 143 crore, while total expenses surged by nearly 22 per cent to Rs 130.9 crore in Q4 FY25 from Rs 107.5 crore in the previous quarter. For the full fiscal year FY25, EaseMyTrip's revenue remained almost flat at Rs 587 crore, compared to Rs 590 crore in FY24. Meanwhile, total expenses for the year increased to Rs 460 crore, as per its regulatory filing. Air ticketing, which remains the company's core revenue driver contributing 68 per cent of overall revenue, saw a 28 per cent drop to Rs 94 crore in Q4 FY25 from Rs 132 crore in the same period previous fiscal (Q4 FY24). Hotel packages contributed 16.5 per cent of revenue, bringing in Rs 23 crore. Despite the quarterly dip, the company managed to post a profit before tax of Rs 12 crore in Q4 FY25, compared to a loss of Rs 17 crore in Q4 FY24. On an annual basis, profit before tax was largely stable, coming in at Rs 143 crore in FY25 versus Rs 142 crore in FY24. EaseMyTrip's stock ended the last trading session at Rs 11.28, up 0.71 per cent, giving the company a total market capitalisation of Rs 3,997 crore.
Time of India
2 days ago
- Business
- Time of India
EaseMyTrip posts Rs 8,691.6 crore Gross Merchandise Value in FY25; Hotels & Holidays jump 189% YoY in Q4
NEW DELHI: EaseMyTrip reported strong growth in the fourth quarter of FY25, with Gross Booking Revenue at Rs 2,192.7 crore and operational revenue at Rs 139.5 crore, according to its financial report. For the full year ending March 31, 2025, EaseMyTrip achieved a total Gross Booking Revenue of Rs 8,691.6 crore, whilst operational revenue reached Rs 587.3 crore. The result was mainly driven by solid performance across key business areas and entry into new markets. Q4 results showed an EBITDA of Rs 17.3 crore with a 12.1 per cent margin, whilst Total Comprehensive Income reached Rs 18.5 crore. Annual EBITDA stood at Rs 161.2 crore with a 26.7 per cent margin, accompanied by a Total Comprehensive Income of Rs 117.1 crore. The organisation's enhanced focus on non-air segments contributed significantly to these results, showing notable year-on-year improvements. The Hotels and Holidays division experienced 189 per cent YoY growth in Q4 FY25. Hotel night bookings increased to 2.8 lakh, showing 101.3 per cent growth compared to the previous year. Annual hotel night bookings rose by 81 per cent, reaching 9.3 lakh versus 5.2 lakh in FY24. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Promoções imperdíveis de voos baratos Voos | Anúncios de Pesquisa Saiba Mais Undo Trains, Buses, and Other segments showed positive growth, with Q4 FY25 bookings increasing from 2.7 lakh to 3.6 lakh, representing 32 per cent YoY growth. Annual bookings in these segments increased by 26 per cent, reaching 13.03 lakh compared to 10.4 lakh previously. The Dubai operations of EaseMyTrip showed remarkable performance, according to news agency ANI. Dubai operations in Q4 FY25 achieved a GBR of Rs 231.7 crore, showing 266.4 per cent growth from Rs 63.2 crore in Q4 FY24. The Dubai vertical's annual GBR reached Rs 701.4 crore, up from Rs 205 crore in FY24, demonstrating 242.2 per cent year-on-year growth, highlighting successful international market penetration. EaseMyTrip has launched new subsidiaries in Brazil and Saudi Arabia, marking its entry into two rapidly growing travel markets. Brazil's travel industry is expected to reach USD 22.3 billion by 2028, while Saudi Arabia's tourism sector is projected to more than double to USD 110.1 billion by 2033. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
India Gazette
2 days ago
- Business
- India Gazette
EaseMyTrip growth continues with Gross Merchandise Value at Rs 8691.6 cr in FY25, Hotels and Holidays grew at 189% YoY in Q4
New Delhi [India], May 31 (ANI): growth continues with a strong financial performance for the fourth quarter and full fiscal year 2024-25 (FY25), driven by robust performance across multiple verticals and strategic expansion into new domestic and international markets. According to the company's statement, Gross Booking Revenue (GBR) for Q4 FY25 stood at Rs 2,192.7 crore, while revenue from operations touched Rs 139.5 crore. For the entire financial year that ended on March 31, 2025, EaseMyTrip recorded a Gross Booking Revenue of Rs 8,691.6 crore. Revenue from operations reached Rs 587.3 crore. The company reported an EBITDA of Rs 17.3 crore in Q4, with a margin of 12.1 per cent. Total Comprehensive Income during the quarter was Rs 18.5 crore. The company's EBITDA for the year was Rs 161.2 crore with a margin of 26.7 per cent, while Total Comprehensive Income stood at Rs 117.1 crore. A major contributor to this performance was the company's focus on strengthening its non-air segment, which saw significant year-on-year growth. In Q4 FY25, the Hotels and Holidays segment grew by 189 per cent YoY. Hotel night bookings rose to 2.8 lakh, marking a 101.3 per cent increase compared to the same period last year. For the full year, hotel night bookings increased by 81 per cent, reaching 9.3 lakh compared to 5.2 lakh in FY24. The Trains, Buses, and Others segments also recorded healthy growth. In Q4 FY25, bookings increased from 2.7 lakh to 3.6 lakh, representing a 32 per cent rise YoY. For the full fiscal year, bookings in these segments rose by 26 per cent, touching 13.03 lakh compared to 10.4 lakh in the previous financial year. On the leadership front, Rikant Pittie, one of the co-founders of EaseMyTrip, was appointed CEO effective January 1, 2025. He was also named Chairman of CII Delhi State for 2025-26, becoming the first unicorn founder to hold the post. His appointment is expected to drive the company's long-term growth and strategic direction. EaseMyTrip's international operations, particularly in Dubai, posted exceptional growth. In Q4 FY25, the company's Dubai operations recorded a Gross Booking Revenue of Rs 231.7 crore, a remarkable 266.4 per cent increase from Rs 63.2 crore in Q4 FY24. For the entire FY25, the Dubai vertical registered a GBR of Rs 701.4 crore, up from Rs 205 crore in FY24, reflecting a 242.2 per cent year-on-year growth. The performance highlighted the company's ability to tap into international markets effectively. To further its global ambitions, EaseMyTrip set up new wholly owned subsidiaries in Brazil and Saudi Arabia, named Easy Trip Planners Do Brasil Ltda. and Easy Trip Planners Limited, respectively. These moves mark the company's official entry into two fast-growing travel markets. Brazil's travel sector is projected to reach USD 22.3 billion by 2028, while Saudi Arabia's tourism industry is expected to more than double to USD 110.1 billion by 2033. Establishing an early presence in these regions is a part of EaseMyTrip's strategy to diversify geographically and capture new demand. EaseMyTrip has also expanded its footprint in the Middle East and the U.S. It invested in two Dubai-based firms, Ease My Trip Tours L.L.C. (EMT Tours) and Ease My Trip Holiday Homes L.L.C. (EMT Holiday). In the United States, the company made additional investments in EaseMyTrip USA. These steps align with the company's goal to grow globally while managing operations efficiently from India, maintaining quality and consistency across markets. Back home, EaseMyTrip continued to focus on expanding its offline presence in smaller cities. It launched its 25th franchise store in Kodialbail, Mangalore, targeting Tier-2 and Tier-3 markets. These stores offer a full range of travel services, including flight bookings, hotel reservations, bus and rail ticketing, and customised holiday packages. This expansion strategy is aimed at bridging the gap between online convenience and offline access, especially for customers in smaller towns. EaseMyTrip, through its subsidiaries YoloBus and Easy Green Mobility, won Madhya Pradesh's first intercity electric bus tender, issued by Sagar City Transport Services Limited. This win is a significant step in the state's push for sustainable transportation and supports India's FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) scheme. The move also aligns with EaseMyTrip's broader ESG (Environmental, Social, and Governance) goals and reflects its intent to diversify into green transport solutions. In a move to further drive outbound tourism, EaseMyTrip signed strategic Memorandums of Understanding (MoUs) with the tourism boards of Penang, New Zealand, South Korea, and Sabah. These partnerships include co-funded marketing campaigns, dedicated microsites, curated content, and influencer collaborations, focusing especially on customers from Tier-2 and Tier-3 Indian cities. In spiritual tourism, EasyDarshan, another EaseMyTrip initiative, partnered with the Ayodhya Development Authority to open a Theerth Yatri Sewa Booth at Lata Mangeshkar Chowk in Ayodhya. The booth offers travel assistance and helps expand homestay infrastructure to meet the growing accommodation demand in the city. Ayodhya attracted over 5 million pilgrims in 2023, and demand is expected to rise further with government-led development efforts. Overall, FY25 has been a landmark year for EaseMyTrip, marked by strong financial performance, international expansion, domestic reach, and innovative offerings across segments. (ANI)
