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6 hours ago
MakeMyTrip Plans India IPO To Raise Funds For Long-Term Growth
Summary
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Stay ahead with the latest news, funding, startup financials, & governments policies on the hottest tech industries in the Indian startup ecosystem.
Get featured, partner or work with India's #1 startup media & intelligence platform and explore what else Inc42 has to offer.
D2CX by Inc42 is a 12-week hands-on program to help you level up your D2C game. Learn from India's top 1% D2C founders and experts through actionable insights, proven strategies and tactics on how to 10X your D2C brand.
ManagementX by Inc42 – India’s first Startup Management Program is a 6-month hands-on program that will take you on an intense journey that shatters the outdated “employee mindset” and equips you with the “leader mindset”.
D2CX Foundations by Inc42 is a 6 week hands-on program to help you launch your D2C brand successfully and profitably. Learn from India’s top 1% of D2C founders & experts through actionable insights, proven strategies and tactics on how to launch a successful D2C Brand in 6 weeks.
A potential India IPO could also act as a catalyst to bolster its presence in its core Indian market and consolidate leadership, the company said in a statement
The travel major is weighing a domestic IPO about 16 years after listing on Nasdaq in 2010
On the financial front, MakeMyTrip reported a 73% YoY decline in its net profit to $7.3 Mn for Q3 FY26 from $27.1 Mn in the year-ago period, largely due to rise in finance costs
Nasdaq-listed travel major MakeMyTrip (MMT) is evaluating a potential listing in the Indian bourses to open up an access to capital from domestic institutional and retail investors. A potential India IPO could also act as a catalyst to bolster its presence in its core Indian market and consolidate leadership, the company said in a statement today.
Ahead of the IPO, the Delhi NCR-based company has completed an internal restructure by combining its key brands under a single Indian entity. A key part of the amalgamation was the merger of RebBus India with MakeMyTrip (India) Pvt Ltd, it said.
The company’s India listing plans would be contingent on it getting key regulatory approvals and customary corporate considerations as well as supporting market conditions.
The travel major is weighing a domestic IPO about 16 years after listing on Nasdaq in 2010. The company opted for a US listing at the time due to factors such as greater market maturity and access to institutional capital for a tech-focused business.
Since incorporation in 2000, the company has processed over 8.7 Cr transactions for retail consumers as well as onboarding 77,000 SME and large corporate customers. Its market cap has also expanded to over $5 Bn as of now.
On the financial front, MakeMyTrip reported a 73% YoY decline in its net profit to $7.3 Mn for Q3 FY26 from $27.1 Mn in the year-ago period, largely due to rise in finance costs. Operating revenue increased 11% YoY and 29% QoQ to $295.7 Mn in Q3 FY26.
Over the years, MMT acquired rivals such as Goibibo and redBus to supplement its primary focus of air ticketing and hotels. Recently, it acquired a minority stake in Visa processing platform Atlys and holiday packages business Flamingo Transworld.
MakeMytrip would become the second Indian travel tech company to list in India after a Nasdaq debut. Yatra made its Indian markets debut in 2023, seven years after listing in the US. Yatra India raised ₹602 Cr from the IPO and reported revenue of ₹256.8 Cr in Q3 FY26, with a net profit of ₹8.3 Cr.
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ManagementX by Inc42 – India’s first Startup Management Program is a 6-month hands-on program that will take you on an intense journey that shatters the outdated “employee mindset” and equips you with the “leader mindset”.
D2CX Foundations by Inc42 is a 6 week hands-on program to help you launch your D2C brand successfully and profitably. Learn from India’s top 1% of D2C founders & experts through actionable insights, proven strategies and tactics on how to launch a successful D2C Brand in 6 weeks.
Stay ahead with the latest news, funding, startup financials, & governments policies on the hottest tech industries in the Indian startup ecosystem.
Get featured, partner or work with India's #1 startup media & intelligence platform and explore what else Inc42 has to offer.
Stay ahead with the latest news, funding, startup financials, & governments policies on the hottest tech industries in the Indian startup ecosystem.
Get featured, partner or work with India's #1 startup media & intelligence platform and explore what else Inc42 has to offer.
D2CX by Inc42 is a 12-week hands-on program to help you level up your D2C game. Learn from India's top 1% D2C founders and experts through actionable insights, proven strategies and tactics on how to 10X your D2C brand.
ManagementX by Inc42 – India’s first Startup Management Program is a 6-month hands-on program that will take you on an intense journey that shatters the outdated “employee mindset” and equips you with the “leader mindset”.
D2CX Foundations by Inc42 is a 6 week hands-on program to help you launch your D2C brand successfully and profitably. Learn from India’s top 1% of D2C founders & experts through actionable insights, proven strategies and tactics on how to launch a successful D2C Brand in 6 weeks.
A potential India IPO could also act as a catalyst to bolster its presence in its core Indian market and consolidate leadership, the company said in a statement
The travel major is weighing a domestic IPO about 16 years after listing on Nasdaq in 2010
On the financial front, MakeMyTrip reported a 73% YoY decline in its net profit to $7.3 Mn for Q3 FY26 from $27.1 Mn in the year-ago period, largely due to rise in finance costs
Nasdaq-listed travel major MakeMyTrip (MMT) is evaluating a potential listing in the Indian bourses to open up an access to capital from domestic institutional and retail investors. A potential India IPO could also act as a catalyst to bolster its presence in its core Indian market and consolidate leadership, the company said in a statement today.
Ahead of the IPO, the Delhi NCR-based company has completed an internal restructure by combining its key brands under a single Indian entity. A key part of the amalgamation was the merger of RebBus India with MakeMyTrip (India) Pvt Ltd, it said.
The company’s India listing plans would be contingent on it getting key regulatory approvals and customary corporate considerations as well as supporting market conditions.
The travel major is weighing a domestic IPO about 16 years after listing on Nasdaq in 2010. The company opted for a US listing at the time due to factors such as greater market maturity and access to institutional capital for a tech-focused business.
Since incorporation in 2000, the company has processed over 8.7 Cr transactions for retail consumers as well as onboarding 77,000 SME and large corporate customers. Its market cap has also expanded to over $5 Bn as of now.
On the financial front, MakeMyTrip reported a 73% YoY decline in its net profit to $7.3 Mn for Q3 FY26 from $27.1 Mn in the year-ago period, largely due to rise in finance costs. Operating revenue increased 11% YoY and 29% QoQ to $295.7 Mn in Q3 FY26.
Over the years, MMT acquired rivals such as Goibibo and redBus to supplement its primary focus of air ticketing and hotels. Recently, it acquired a minority stake in Visa processing platform Atlys and holiday packages business Flamingo Transworld.
MakeMytrip would become the second Indian travel tech company to list in India after a Nasdaq debut. Yatra made its Indian markets debut in 2023, seven years after listing in the US. Yatra India raised ₹602 Cr from the IPO and reported revenue of ₹256.8 Cr in Q3 FY26, with a net profit of ₹8.3 Cr.
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Unlock special offers and join 10,000+ founders, investors & operators staying ahead in India’s startup economy.
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curation.
Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn
to validate ideas, acquire customers, secure funding, and navigate the journey to startup
success.
Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence,
understand market landscapes, and decode emerging trends to make informed decisions.
Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful
investors, and keep track of upcoming funds, accelerators, and more.
Join a community of 10,000+ leaders & operators – unlock unlimited access to Inc42 stories,
videos, deals, member-only perks, and more.
Unlock unlimited access to 500+ monthly new stories and Inc42’s complete archive of
40,000+ stories.
Unlock unlimited access to 500+ monthly new stories and Inc42’s complete archive of
40,000+ stories.
Over $250,000 worth deals on software & tools to help your business scale up.
Network with industry leaders & operators with exclusive invites to Inc42’s
member-only virtual events
Enjoy an ad-free and clutter-free
experience as a member, focus on
what really matters to you
Your contribution will go on to
support and empower our unbiased
& data-driven journalism
Join 1000's of entrepreneurs, business leaders & makers and stay ahead with our sharp,
incisive & data-driven analysis on India’s tech and startup economy!
Unlock personalised stories, ad-lite reading, and exclusive newsletters on Inc42.
Tired Of Playing Catchup On Indian Tech?
Stay Ahead. Every Morning at 8
Get The Week’s Most Consequential Developments.
Inc42 In-Depth is your daily 9 PM newsletter with sharp insights from India’s startup economy.
Inc42 Moneyball is your Thursday newsletter on India’s venture capital trends. 4 PM sharp.
Inc42 Markets is your weekly newsletter on tech IPOs & startup stocks. Every Sunday
get access to a list of 200+ family offices betting big on startups
Get access to a list of Alma Mater Of India's Unicorn & Soonicorn Founders
Explore 75,000+ startups, 3,500+ investors, 25,000+ funding rounds and more. Build shortlists and export them instantly.
Login or create a free account to continue reading in private mode.
AI Description
MakeMyTrip is considering an IPO on Indian stock exchanges to secure capital for long-term growth. This move aims to attract both domestic institutional and retail investors.