CleanupBot at 17:39, 1 June 2021

2021-06-01T17:39:11Z

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{{short description|Indian online travel company.}}
{{Infobox company
| name = EaseMyTrip
| logo = Easemytrip.jpg
| image_caption =
| type =
| traded_as = {{Unbulleted list|{{BSE|543272}}|{{NSE|EASEMYTRIP}}}}
| ISIN = INE07O001018
| founders = [[Nishant Pitti]], Rikant Pitti, Prashant Pitti
| area_served = Worldwide
| industry = Online travel
| products = Booking flights, hotels, holidays, buses, trains and cars
| revenue = Rs 2400 crore (FY17-18)<ref>{{Cite web|url=https://www.moneycontrol.com/news/business/startup/easemytrip-achieves-a-turnover-of-rs-2400-crore-in-fy17-18-2548451.html|title=EaseMyTrip achieves a turnover of Rs 2400 crore in FY17-18|website=Moneycontrol|access-date=2019-06-03}}</ref>
| num_employees =
| foundation = 2008
| location_city = [[New Delhi]]
| location_country = India
| homepage = {{URL|www.easemytrip.com}}
}}
'''EaseMyTrip''' is an Indian online travel company founded in 2008 by [[Nishant Pitti]], Rikant Pitti, and Prashant Pitti. Headquartered in [[New Delhi]], the company provides hotel bookings, air tickets, holiday packages, bus bookings, and white-label services. EaseMyTrip has overseas offices in [[Singapore]], [[Dubai]], [[Maldives]], and [[Bangkok]].<ref name=":2">{{Cite web|url=https://www.moneycontrol.com/news/business/easemytrip-looks-to-raise-up-to-rs-750cr-via-ipo-books-axis-capital-jm-financial-as-bankers-3937471.html|title=EaseMyTrip looks to raise up to Rs 750cr via IPO; books Axis Capital, JM Financial as bankers|website=Moneycontrol|access-date=2019-06-03}}</ref>

== History ==

The idea for EaseMyTrip came when the brothers, Nishant Pitti and Rikant Pitti used to book air tickets for their father's frequent business trips, and saved money in the booking process. Initially based out of their home garage as a travel agency, the duo lost all of the initial investment within the first three months.<ref>{{Cite news|url=https://www.business-standard.com/article/companies/aggressive-easemytrip-flies-into-top-league-117011101422_1.html|title=Aggressive EaseMyTrip flies into top league|last=Modi|first=Ajay|date=2017-01-12|work=Business Standard India|access-date=2019-06-03}}</ref> Later on, references from family and friends helped and a major turnaround came when an airline noticed multiple bookings coming from a single email id and contacted the Pitti brothers to become its travel partner.<ref>{{Cite web|title=EaseMyTrip faces cash flow issues as forward bookings drop, refunds continue|url=https://www.cnbctv18.com/aviation/easemytrip-faces-cash-flow-issues-as-forward-bookings-drop-refunds-continue-5837421.htm|access-date=2020-10-09|website=cnbctv18.com|language=en-US}}</ref>

EaseMyTrip has a network of 42,000 travel agents, 1200 franchise outlets, 640 white-label solutions, and 1600 distributors.<ref name=":2" /> Nandan Jha joined as the COO in 2017<ref>{{Cite web|url=https://www.afaqs.com/news/story/51857_Nandan-Jha-joins-EaseMyTrip-as-COO|title=Nandan Jha joins EaseMyTrip as COO|date=2017-11-23|website=afaqs.com|language=en-US|access-date=2019-06-03}}</ref> and Abani Kant Jha as the CFO in 2019.<ref>{{Cite web|url=https://www.peoplematters.in/news/appointments/easemytrip-names-abani-kant-jha-as-cfo-22245|title=EaseMyTrip names Abani Kant Jha as CFO|last=Modgil <shweta.modgil@peoplematters.in>|first=Shweta|last2=Ltd|first2=People Matters Media Pvt|date=2019-07-05|website=People Matters|language=en-US|access-date=2019-07-08}}</ref>

EaseMyTrip filed for a [[Indian rupee|₹]]510 [[crore]] ($72.13 million) [[initial public offering]] (IPO) with the [[Securities and Exchange Board of India]] (SEBI) in 2019,<ref>{{Cite news|url=https://economictimes.indiatimes.com/markets/ipos/fpos/easemytrip-files-papers-for-rs-510-crore-ipo/articleshow/72662932.cms|title=EaseMyTrip files papers for Rs 510 crore IPO|date=2019-12-15|work=The Economic Times|access-date=2019-12-23}}</ref><ref>{{Cite web|url=https://inc42.com/buzz/easemytrip-files-draft-papers-for-ipo-looks-to-raise-72-mn|title=EaseMyTrip Files Draft Papers For IPO, Looks To Raise $72 Mn|date=2019-12-15|website=Inc42 Media|language=en-US|access-date=2019-12-23}}</ref> making them the first online travel agency to be listed on the [[National Stock Exchange of India|Indian share market]].<ref>{{Cite web|url=https://tech.economictimes.indiatimes.com/news/internet/easemytrip-plans-to-raise-rs-700-crore-from-public-issue/72465986|title=EaseMyTrip plans to raise Rs 700 crore from public issue - ETtech|last=www.ETtech.com|website=ETtech.com|language=en|access-date=2019-12-11}}</ref> The issue was managed by [[Axis Bank]] and JM Financial.<ref>{{Cite web|url=https://inc42.com/buzz/easemytrips-ipo-plans-may-go-live-soon-to-raise-inr-700-cr|title=EaseMyTrip’s IPO Plans May Go Live Soon To Raise INR 700 Cr|date=2019-12-11|website=Inc42 Media|language=en-US|access-date=2019-12-11}}</ref>

On 14 September 2019, FoodforTravel announced its partnership with EaseMyTrip to provide special offers like free ready-to-eat meal to its customers.<ref>{{Cite web|title=FoodforTravel partners with EaseMyTrip.com|url=https://www.outlookindia.com/newsscroll/foodfortravel-partners-with-easemytripcom/1619047|access-date=2019-09-17|website=Outlook (India)}}</ref> In January 2020, EaseMyTrip announced it will allow users to book flight tickets via [[WhatsApp]]. Users can activate the autonomous interactive program by sending a message and the booking bot will guide users through the end-to-end process.<ref>{{Cite web|last=Naik|first=Amit Raja|date=2020-01-23|title=EaseMyTrip To Allow Users To Book Flight Tickets On WhatsApp|url=https://inc42.com/buzz/easemytrip-to-allow-users-to-book-flight-tickets-on-whatsapp/|url-status=live|archive-url=|archive-date=|access-date=2020-09-23|website=Inc42 Media|language=en-US}}</ref>

In 2020, EaseMyTrip filed its IPO, opening for subscription on 8 March 2021 and listed on the stock market on 19 March 2021.<ref>{{Cite web|title=EaseMyTrip IPO is set to open on Monday — price band for the issue set at ₹186 to ₹187 per share|url=https://www.businessinsider.in/stock-market/news/easemytrip-ipo-is-set-to-open-on-march-8-in-india-checkout-everything-you-need-to-know/articleshow/81308938.cms|access-date=2021-03-03|website=Business Insider}}</ref> HSBC Global Investment Funds, Tata Trustee Company, Aditya Birla Sunlife Insurance Company, [[Nomura Holdings|Nomura]], Sundaram Mutual Fund, Nippon Life India Trustee Company, and Bajaj Allianz Life Insurance Company are its anchor investors.<ref>{{Cite web|title=Easy Trip Planners IPO opens for subscription: Check issue price, GMP, other details; should you subscribe?|url=https://www.businesstoday.in/markets/ipo-corner/easy-trip-planners-ipo-opens-for-subscription-check-issue-price-gmp-other-details-should-you-subscribe/story/433269.html|access-date=2021-03-09|website=www.businesstoday.in}}</ref> The IPO was subscribed over 159 times.<ref>{{Cite news|title=Easy Trip Planners IPO subscribed over 159 times on last day|work=The Economic Times|url=https://economictimes.indiatimes.com/markets/ipos/fpos/easy-trip-ipo-to-close-today-subscribed-nearly-8-times-so-far/articleshow/81425248.cms|access-date=2021-03-16}}</ref>

== Recognition ==

* Best Travel Booking Site - ''SATTE'' (2020)<ref>[https://www.satte.in/Uploads/Show_Directory_2020.pdf SATTE 2020 Winners]</ref>
* Best Travel Booking App/Website - ''Times Travel Awards'' (2019)<ref>{{Cite web|last=https://plus.google.com/107324234873078450867|date=2019-09-13|title=EaseMyTrip Teams Up with 20th IIFA Awards as Travel Partner|url=https://www.indiantelevision.com/mam/marketing/mam/easemytrip-teams-up-with-20th-iifa-awards-as-travel-partner-190913|access-date=2021-03-09|website=Indian Television Dot Com|language=en}}</ref>

== References ==

{{Reflist}}

== External links ==
*[https://easemytrip.com Official Website]
{{Travel ticket search engines}}


[[Category:Travel ticket search engines]]
[[Category:Indian companies established in 2008]]
[[Category:Transport companies established in 2008]]
[[Category:Internet properties established in 2008]]
[[Category:Indian travel websites]]
[[Category:Online travel agencies]]

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{{en-Wikipedia}}

EaseMyTrip - Revision history

CleanupBot at 17:39, 1 June 2021