Latest news with #EaseMyTrip.com
Business Standard
4 days 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
6 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)
India Gazette
09-05-2025
- Business
- India Gazette
EaseMyTrip issues travel advisory, advises exercising caution while travelling to Turkey, Azerbaijan
New Delhi [India], May 9 (ANI): one of India's leading online travel tech platforms, on Friday issued travel advisory, suggesting commuters to visit countries including Turkey and Azerbaijan only if it was unavoidable since these two countries have extended support to Pakistan amid increasing tensions with India following the launch of Operation Sindoor. 'Following the Pahalgam attack and escalating tensions between India & Pakistan, travellers are urged to stay aware. As Turkey & Azerbaijan have shown support for Pakistan, we strongly recommend visiting only if absolutely necessary. Stay informed. Travel responsibly,' EaseMyTrip posted on X. EaseMyTrip Co-Founder and Chairman Nishant Pitti expressed concerns over the recent development, stating that customers were advised to exercise utmost caution while travelling to sensitive regions. 'Deeply concerned by the recent developments. At EaseMyTrip, the safety of travellers is our top priority. We advise all our customers to exercise utmost caution and stay updated on official travel advisories before planning trips to sensitive regions,' Pitti posted on X. Amid the escalation of tensions between India and Pakistan, several airlines have issued advisories urging passengers to reach the airports three hours before flights depart. Passengers have also been requested to carry valid government-approved photo identification documents. SpiceJet has announced the cancellation of flight operations to and from six airports in northern India, following airport closures implemented amid heightened security in the wake of the Indian Armed Forces' 'Operation Sindoor' launched in response to the Pahalgam terror attack. In its travel advisory posted on social media platform X, SpiceJet stated that Leh, Srinagar, Jammu, Amritsar, Kandla, and Dharamshala airports are currently shut, and all flight operations to and from these cities remain suspended till 5:29 am IST on May 10. Earlier, IndiGo cancelled its flight operations in 11 cities across north, northwestern, and central India till May 10, following aviation authorities' directives regarding airport closures. IndiGo in its travel advisory stated that Srinagar, Jammu, Amritsar, Leh, Chandigarh, Dharamshala, Bikaner, Jodhpur, Gwalior, Kishangarh, and Rajkot are the affected cities where flight operations have been cancelled till 5:29 am IST on May 10. Operation Sindoor carried out by the Indian Armed Forces targeted infrastructure linked to terror groups like Lashkar-e-Taiba and Jaish-e-Mohammed in Pakistan. The operation was carried out in response to the April 22 terrorist attack in Pahalgam, Jammu and Kashmir, which killed 26 people. (ANI)
Time of India
09-05-2025
- Business
- Time of India
EaseMyTrip issues travel advisory, advises exercising caution while travelling to Turkey, Azerbaijan
one of India's leading online travel tech platforms, on Friday issued travel advisory , suggesting commuters to visit countries including Turkey and Azerbaijan only if it was unavoidable since these two countries have extended support to Pakistan amid increasing tensions with India following the launch of Operation Sindoor . #Operation Sindoor India-Pakistan Clash Live Updates| Missiles, shelling, and attacks — here's all that's happening Pakistani Air Force jet shot down in Pathankot by Indian Air Defence: Sources India on high alert: What's shut, who's on leave, and state-wise emergency measures "Following the Pahalgam attack and escalating tensions between India & Pakistan, travellers are urged to stay aware. As Turkey & Azerbaijan have shown support for Pakistan, we strongly recommend visiting only if absolutely necessary. Stay informed. Travel responsibly," EaseMyTrip posted on X. EaseMyTrip Co-Founder and Chairman Nishant Pitti expressed concerns over the recent development, stating that customers were advised to exercise utmost caution while travelling to sensitive regions. "Deeply concerned by the recent developments. At EaseMyTrip, the safety of travellers is our top priority. We advise all our customers to exercise utmost caution and stay updated on official travel advisories before planning trips to sensitive regions," Pitti posted on X. (Join our ETNRI WhatsApp channel for all the latest updates) Amid the escalation of tensions between India and Pakistan, several airlines have issued advisories urging passengers to reach the airports three hours before flights depart. Passengers have also been requested to carry valid government-approved photo identification documents. Live Events MORE STORIES FOR YOU ✕ Operation Sindoor leads to air travel disruptions in North, West Operation Sindoor: Air India issues helpline numbers as several flights in northern India get disrupted Air India cancels flights to these nine airports until morning of May 10 « Back to recommendation stories I don't want to see these stories because They are not relevant to me They disrupt the reading flow Others SUBMIT SpiceJet has announced the cancellation of flight operations to and from six airports in northern India, following airport closures implemented amid heightened security in the wake of the Indian Armed Forces ' 'Operation Sindoor' launched in response to the Pahalgam terror attack. In its travel advisory posted on social media platform X, SpiceJet stated that Leh, Srinagar, Jammu, Amritsar, Kandla, and Dharamshala airports are currently shut, and all flight operations to and from these cities remain suspended till 5:29 am IST on May 10. Earlier, IndiGo cancelled its flight operations in 11 cities across north, northwestern, and central India till May 10, following aviation authorities' directives regarding airport closures. IndiGo in its travel advisory stated that Srinagar, Jammu, Amritsar, Leh, Chandigarh, Dharamshala, Bikaner, Jodhpur, Gwalior, Kishangarh, and Rajkot are the affected cities where flight operations have been cancelled till 5:29 am IST on May 10. Operation Sindoor carried out by the Indian Armed Forces targeted infrastructure linked to terror groups like Lashkar-e-Taiba and Jaish-e-Mohammed in Pakistan. The operation was carried out in response to the April 22 terrorist attack in Pahalgam, Jammu and Kashmir, which killed 26 people.
