Breaking stories and in‑depth analysis: up‑to‑the‑minute global news on politics, business, technology, culture, and more—24/7, all in one place.
New Delhi – EaseMyTrip, a travel technology platform, announced plans Monday to raise up to ₹500 crore (approximately $60 million USD) to fuel expansion, particularly within its hotels and holiday packages business.
The company’s board of directors has approved, in principle, a fundraising proposal involving the issuance of equity shares and/or other eligible securities, according to a company statement. The capital raise is subject to regulatory and shareholder approvals.
EaseMyTrip indicated the funds could be raised through various methods permissible under Indian law, including a rights issue, qualified institutions placement (QIP), preferential issue, or private placement. The specific size, structure, and timing of the fundraising will be determined later, based on market conditions and applicable regulations.
The proposed investment is intended to bolster EaseMyTrip’s presence in the hotels and holidays segments, while also supporting ongoing investments in technology and platform improvements. The company also plans to explore strategic opportunities aligned with its long-term business objectives, the statement said.
“The proposed capital raise of up to ₹500 crore is about being ready,” said Nishant Pitti, Founder & CMD of EaseMyTrip. “It gives us the flexibility to invest at the right time, whether in technology or strategic opportunities that fit our larger vision. We are clear that growth has to be healthy and sustainable.”
The move aims to provide the company with greater financial flexibility to pursue growth initiatives while maintaining a disciplined approach to capital allocation, EaseMyTrip stated. Multiple reports indicate the company is seeking to capitalize on growing demand within the Indian travel sector.
According to Entrackr, the fundraising is intended to scale EaseMyTrip’s hotels and holidays business. Rediff MoneyWiz reported the capital will be used for overall expansion. The Economic Times noted the company’s focus on expanding its hospitality and holiday business.
