Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
EaseMyTrip is set to raise up to INR 500 crore to boost its operations in high-potential segments, focusing on hotels and holidays. The board has approved the plan to raise funds through equity shares or other eligible securities, which may be executed in multiple tranches via rights issues, QIP, preferential issues, or private placements, subject to approvals. The capital will also support technology investments, platform improvements, and strategic initiatives. Founder Nishant Pitti highlighted that the move is aimed at ensuring flexible, sustainable, and disciplined growth.
Travel technology platform EaseMyTrip has announced plans to raise up to INR 500 crore to support its expansion in high-potential segments, especially in hotels and holiday services. The company's board has approved, in principle, a proposal to raise funds through equity shares or other eligible securities, subject to necessary approvals. Advertisement
The capital raise may be executed in one or more tranches using permissible methods under applicable law, including rights issues, qualified institutions placement (QIP), preferential issues, private placement, or other approved channels, following regulatory and shareholder approvals. EaseMyTrip will determine the detailed terms, including the size, structure, and timing, at an appropriate stage based on market conditions and regulations.
The company stated that the proposed fundraising will support growth in hotels and holidays while continuing investments in technology, platform enhancements, and strategic opportunities that align with its long-term business priorities. This approach is intended to provide more flexibility in executing growth initiatives while ensuring disciplined capital allocation.
Nishant Pitti, Founder and CMD of EaseMyTrip, explained that the proposed capital raise is about readiness, giving the company the ability to invest at the right time in technology or strategic opportunities that align with its broader vision, emphasizing that growth must remain healthy and sustainable.
Source PTI
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
