Srivatsan at 07:13, 21 March 2026

2026-03-21T07:13:15Z

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{{short description|Indian online travel company}}
{{Use Indian English|date=March 2015}}
{{Use dmy dates|date=July 2023}}
{{Infobox company
| name = MakeMyTrip Limited
| logo = Makemytrip_logo.svg
| logo_size = 200px
| image = MakeMyTrip website screenshot.jpg
| image_caption = Screenshot of mobile application
| type = [[Public company|Public]]
| traded_as = {{NASDAQ|MMYT}}
| founder = [[Deep Kalra]]
| area_served = Worldwide
| industry = Online travel
| key_people = {{Unbulleted list | Deep Kalra ([[chairman]]) | Rajesh Magow ([[Chief executive officer|CEO]]) | Sanjay Mohan ([[Chief technology officer|CTO]]) | Mohit Kabra ([[Chief financial officer|CFO]]) }}
| products = Booking flights, hotels, holidays, buses, trains and cars
| revenue = {{Increase}} US$978 million (FY2025)<ref>{{cite web|url=https://www.phocuswire.com/makemytrip-fiscal-q4-full-year-2025|title=MakeMyTrip posts record gross bookings for fiscal year 2025|website=PhocusWire}}</ref>
| num_employees = 5,122 (2025)<ref>{{Cite web |title=MakeMyTrip: Number of Employees 2010-2025 {{!}} MMYT |url=https://www.macrotrends.net/stocks/charts/MMYT/makemytrip/number-of-employees |access-date=2025-08-16 |website=www.macrotrends.net}}</ref>
| parent =
| foundation = {{start date and age|2000}}
| location_city = [[Gurgaon]], [[Haryana]]
| location_country = India
| homepage = {{official URL}}
}}

'''MakeMyTrip Limited''' is an Indian online travel company, headquartered in [[Gurgaon]]. Founded in 2000, it operates an online travel-booking platform for travel services such as airline tickets, hotel reservations, holiday packages, and rail and bus tickets.<ref name=":02">{{Cite web |last=Haris |first=Mohammad |date=2023-03-29 |title=MakeMyTrip To Expand Footprint in India, Aims to Grow Franchisees By 50% In 2023 |url=https://www.news18.com/business/makemytrip-to-expand-footprint-in-india-aims-to-grow-franchisees-by-50-in-2023-7413127.html |access-date=2023-08-10 |website=News18 |language=en}}</ref> The company also maintains offices outside India, including locations in [[New York City|New York]], [[Singapore]], [[Kuala Lumpur]], [[Phuket (city)|Phuket]], [[Bangkok]], [[Dubai]] and [[Istanbul]].<ref name=":122">{{Cite web |title=Story of MakeMyTrip, the Revolutionary E-commerce |url=https://www.theceo.in/industry/story-of-makemytrip-the-revolutionary-e-commerce |access-date=2023-08-10 |website=The CEO Magazine India |language=en}}</ref>

In 2016, MakeMyTrip acquired the [[Ibibo]] Group, which owned sites such as [[Goibibo]] and [[RedBus|Redbus.in]].<ref name=":22">{{Cite web |title=MakeMyTrip Limited and ibibo Group to combine |url=https://www.naspers.com/news/makemytrip-limited-and-ibibo-group-to-combine |url-status=live |archive-url=https://web.archive.org/web/20181123070037/https://www.naspers.com/news/makemytrip-limited-and-ibibo-group-to-combine |archive-date=2018-11-23 |access-date=2018-10-28 |website=www.naspers.com}}</ref>

== History ==
MakeMyTrip was founded by [[Deep Kalra]] in 2000, initially targeting the United States market with a focus on itineraries between the U.S. and India for the Indian diaspora. In September 2005, it began operations in India with online airline ticketing and later expanded into holiday packages and hotel reservations.<ref>{{Cite web |date=2023-12-18 |title=MakeMyTrip Success Story - Becoming India's Top Travel Startup |url=https://startuptalky.com/makemytrip-indian-startup-success-story/ |url-status=live |archive-url=https://web.archive.org/web/20190817115817/https://startuptalky.com/makemytrip-indian-startup-success-story/ |archive-date=2019-08-17 |access-date=2024-05-04 |website=StartupTalky |language=en}}</ref>

MakeMyTrip Limited listed on the [[Nasdaq]] on 17 September 2010 following an [[initial public offering]].<ref>{{Cite news |title=A new journey begins for MakeMyTrip |url=http://business.rediff.com/slide-show/2010/aug/13/slide-show-1-makemy-trip-fixes-ipo-at-usd-14-a-share-lists-on-nasdaq.htm |url-status=live |archive-url=https://web.archive.org/web/20100815233101/http://business.rediff.com/slide-show/2010/aug/13/slide-show-1-makemy-trip-fixes-ipo-at-usd-14-a-share-lists-on-nasdaq.htm |archive-date=2010-08-15 |access-date=2018-10-23 |work=[[Rediff]]}}</ref> In 2011, the company acquired Luxury Tours and Travel Pte Ltd (Singapore), ITC Group's travel business, and ETB Group—expanding its presence in Southeast Asia and parts of Europe. In 2012, it introduced RoutePlanner, a tool for searching routes and modes within India.<ref>{{cite web |last=NextBigWhat |title=MakeMyTrip launches routeplanner – competes directly with iXiGo? |url=http://www.nextbigwhat.com/makemytrip-routeplanner-ixigo-competition-297/ |url-status=dead |archive-url=https://web.archive.org/web/20121117211124/http://www.nextbigwhat.com/makemytrip-routeplanner-ixigo-competition-297/ |archive-date=17 November 2012 |website=www.nextbigwhat.com}}</ref><ref>{{Cite web |date=2013-02-05 |title=MakeMyTrip launches new travel application |url=https://www.thehindubusinessline.com/news/variety/makemytrip-launches-new-travel-application/article20573721.ece1 |access-date=2023-08-10 |website=BusinessLine |language=en}}</ref> In September 2014, it established a US$15 million innovation fund to invest in sector start-ups.<ref>{{Cite web |date=23 September 2014 |title=MakeMyTrip's early-stage investment fund is an extension to M&A strategy: Magow |url=https://www.vccircle.com/makemytrips-early-stage-investment-fund-extension-ma-strategy-magow/ |website=VCCircle}}</ref>

In April 2015, MakeMyTrip acquired MyGola; the deal was made through the innovation fund.<ref>{{Cite news |last=Krishnamurthy |first=Krithika |date=21 April 2015 |title=MakeMyTrip acquires travel startup Mygola |url=https://economictimes.indiatimes.com/small-biz/startups/makemytrip-acquires-travel-startup-mygola/articleshow/47002233.cms |work=[[The Economic Times]]}}</ref> In July 2015, MakeMyTrip invested in the travel information and hotel review portal HolidayIQ and picked up approximately 30% stake in the company.<ref>{{Cite news |last=Chanchani |first=Madhav |date=2015-06-23 |title=MakeMyTrip picks up 28% stake for 95 crore in HolidayIQ to boost hotels & holidays business |url=https://economictimes.indiatimes.com/small-biz/startups/makemytrip-picks-up-28-stake-for-95-crore-in-holidayiq-to-boost-hotels-holidays-business/articleshow/48176508.cms |url-status=live |archive-url=https://web.archive.org/web/20150728085437/http://articles.economictimes.indiatimes.com/2015-07-23/news/64772617_1_holidayiq-hotels-and-packages-makemytrip |archive-date=2015-07-28 |access-date=2019-01-02 |work=[[The Economic Times]]}}</ref> In the same month, it invested $5 million in a startup called Bona Vita.<ref>{{Cite web |last=Jain |first=Samiksha |date=2015-07-30 |title=MakeMyTrip invests $5M in travel start-up Bona Vita, acquires 67% stake |url=https://www.entrepreneur.com/article/249057 |url-status=live |archive-url=https://web.archive.org/web/20150910131346/http://www.entrepreneur.com/article/249057 |archive-date=2015-09-10 |access-date=2019-01-02 |website=Entrepreneur |language=en}}</ref>

In January 2016, the China-based travel booking company [[Ctrip]] agreed to invest $180 million in MakeMyTrip.<ref>{{Cite news |last=Reporter |first=B. S. |date=2016-01-08 |title=Ctrip buys $180-mn stake in MakeMyTrip |url=https://www.business-standard.com/article/companies/ctrip-buys-180-mn-stake-in-makemytrip-116010800020_1.html |url-status=live |archive-url=https://web.archive.org/web/20160109070257/http://www.business-standard.com/article/companies/ctrip-buys-180-mn-stake-in-makemytrip-116010800020_1.html |archive-date=2016-01-09 |access-date=2019-01-02 |work=[[Business Standard]]}}</ref> Later that year, MakeMyTrip and [[Ibibo|Ibibo Group]], India's largest travel booking portals, merged via a stock swap. [[Naspers]] became the largest shareholder of MakeMyTrip after the transaction.<ref name=":23">{{Cite web |title=MakeMyTrip Limited and ibibo Group to combine |url=https://www.naspers.com/news/makemytrip-limited-and-ibibo-group-to-combine |url-status=live |archive-url=https://web.archive.org/web/20181123070037/https://www.naspers.com/news/makemytrip-limited-and-ibibo-group-to-combine |archive-date=2018-11-23 |access-date=2018-10-28 |website=www.naspers.com}}</ref> In 2019, Ctrip increased its stake in MakeMyTrip to 49% by acquiring 42% of the company from Naspers through a stock swap transaction. As a result, Naspers obtained a 5.6% stake in Ctrip worth $1.3 billion.<ref>{{cite news |date=27 April 2019 |title=China's Ctrip hikes stake in MakeMyTrip fivefold to 49% |url=https://timesofindia.indiatimes.com/business/india-business/chinas-ctrip-hikes-stake-in-makemytrip-fivefold-to-49/articleshow/69065451.cms |access-date=27 December 2024 |work=The Times of India}}</ref>

The company acquired the [[Mumbai]]-based corporate travel management company Quest2Travel for an undisclosed amount in 2019.<ref>{{Cite web |last=Singh |first=Rajiv |date=2019-04-30 |title=MakeMyTrip Acquires Corporate Travel Firm Quest2Travel |url=https://www.forbesindia.com/article/special/makemytrip-acquires-corpo-rate-travel-firm-quest2travel/53289/1 |url-status=live |archive-url=https://web.archive.org/web/20190501032822/http://www.forbesindia.com/article/special/makemytrip-acquires-corpo-rate-travel-firm-quest2travel/53289/1 |archive-date=2019-05-01 |access-date=2023-08-10 |website=Forbes India |language=en}}</ref> The company launched myPartner in 2020, a platform for travel agents.<ref>{{Cite web |title=MakeMyTrip opens up its hotel inventory to offline travel agents |url=https://www.businessinsider.in/business/news/makemytrip-opens-up-its-hotel-inventory-to-offline-travel-agents/articleshow/77741624.cms |access-date=2023-08-10 |website=Business Insider}}</ref> In May 2021, the company partnered with ⁣[[Amazon Pay]] for providing travel services on Amazon.<ref>{{Cite news |last=Abrar |first=Peerzada |date=1 November 2021 |title=MakeMyTrip and Amazon Pay form strategic tie-up to offer travel services |url=https://www.business-standard.com/article/companies/makemytrip-and-amazon-pay-form-strategic-tie-up-to-offer-travel-services-121110101028_1.html |access-date=28 November 2021 |work=Business Standard India}}</ref> In April 2022, TripMoney, the fintech arm of MakeMyTrip, announced the acquisition of BookMyForex, an online foreign exchange services provider.<ref>{{Cite web |last=Rudra |first=Tapanjana |date=2022-04-05 |title=MakeMyTrip's Fintech Arm Acquires Majority Stake In Foreign Currency Exchange BookMyForex |url=https://inc42.com/buzz/makemytrips-fintech-arm-tripmoney-acquires-undisclosed-majority-stake-in-bookmyforex/ |access-date=2023-08-10 |website=Inc42 Media |language=en}}</ref>

In 2023, MakeMyTrip began integrating generative AI features into its platform, such as voice-assisted booking in Indian languages and AI-generated summaries of hotel reviews.<ref>{{Cite news |last=Chaturvedi |first=Anumeha |date=2023-05-08 |title=MakeMyTrip collaborates with Microsoft to introduce voice assisted booking in Indian languages |url=https://economictimes.indiatimes.com/tech/technology/makemytrip-adds-ai-voice-chat-to-lure-more-india-travelers/articleshow/100069679.cms?from=mdr |access-date=2025-10-07 |work=The Economic Times |issn=0013-0389}}</ref> In January 2024, the company announced an agreement to acquire the expense-management platform Happay from [[Cred (company)|CRED]].<ref>{{Cite web |last=Florentyna |first=Anne |date=2024-11-18 |title=MakeMyTrip To Acquire CRED’s Expense Management Platform Happay |url=https://inc42.com/buzz/makemytrip-to-acquire-creds-expense-management-platform-happay/ |access-date=2025-10-07 |website=Inc42 Media |language=en}}</ref> In 2025, it released an updated version of its virtual assistant, Myra.<ref>{{Cite web |last=Chawla |first=Ayushmann |date=2025-08-18 |title=MakeMyTrip’s Myra AI Review: How effective is the personal travel assistant? |url=https://www.hindustantimes.com/technology/makemytrips-myra-ai-review-personal-travel-assistant-to-help-you-declutter-101755499699704.html |access-date=2025-10-07 |website=Hindustan Times |language=en}}</ref> Also in 2025, the company mapped more than 2,000 hotels and homestays near over 100 national parks in India.<ref>{{Cite web |last=Dhawan |first=Bulbul |date=2025-08-26 |title=How Homestays Can Help Fix India's 200,000-Room Shortage |url=https://skift.com/2025/08/25/how-homestays-can-help-fix-indias-200000-room-shortage/ |access-date=2025-10-07 |website=Skift |language=en-US}}</ref>

In 2025, MakeMyTrip [[Share repurchase|repurchased]] over 34 million Class B shares held by [[Trip.com Group]], reducing the latter's shareholding in the company from 45.34% to 16.90%.<ref>{{cite news |date=4 July 2025 |title=MakeMyTrip completes share repurchase to cut China-based Trip. com's stake |url=https://economictimes.indiatimes.com/tech/startups/makemytrip-completes-share-repurchase-to-cut-china-based-trip-coms-stake/articleshow/122247317.cms |access-date=16 August 2025 |work=The Economic Times}}</ref>

In March 2026, MakeMyTrip announced it was evaluating a potential listing on Indian domestic stock exchanges ([[BSE Limited|BSE]] and [[National Stock Exchange of India|NSE]]), which would complement its existing NASDAQ listing.<ref>{{cite news|url=https://www.business-standard.com/companies/news/makemytrip-evaluates-india-listing-after-more-than-a-decade-on-nasdaq-126031601318_1.html|title=MakeMyTrip evaluates India listing after more than a decade on Nasdaq|work=Business Standard|date=16 March 2026}}</ref> The company also acquired a majority stake in [[Flamingo Transworld]], a group holiday packages company with a strong presence in western and central India, and made a strategic minority investment in Atlys, a visa processing platform.<ref>{{cite web|url=https://www.tipranks.com/news/company-announcements/makemytrip-sharpens-india-focus-with-flamingo-acquisition-atlys-stake-and-local-listing-plan|title=MakeMyTrip Sharpens India Focus With Flamingo Acquisition, Atlys Stake, and Local Listing Plan|website=TipRanks|date=2026}}</ref>

== Initial public offering ==
MakeMyTrip's initial public offering on the [[NASDAQ]] in August 2010 priced shares at US$14, at the top of the US$12–14 range. The company offered 5 million shares and raised approximately US$80.5 million, with [[Morgan Stanley]] as the sole book-runner.<ref>{{cite news|url=https://www.business-standard.com/article/markets/makemytrip-fixes-ipo-at-14-a-share-lists-on-nasdaq-110081300042_1.html|title=MakeMyTrip fixes IPO at $14 a share, lists on Nasdaq|work=Business Standard|date=13 August 2010}}</ref> On the first day of trading, shares surged approximately 80% to US$25.16, making it the best-performing IPO in the United States that year. The offering valued the company at approximately US$478 million and was the first IPO by an Indian company in the U.S. since July 2006.<ref>{{cite web|url=https://www.dnaindia.com/business/interview-it-s-a-fairytale-nasdaq-listing-for-makemytrip-1423091|title=It's a fairytale Nasdaq listing for MakeMyTrip|website=DNA India|date=2010}}</ref>

== Products and services ==
MakeMyTrip provides flight, hotel, bus, and train ticket booking, as well as holiday packages. The company launched mobile applications for booking travel in 2012. {{as of|June 2023|post=,}} the company had 146 active franchisees.<ref name=":0">{{Cite web |last=Haris |first=Mohammad |date=2023-03-29 |title=MakeMyTrip To Expand Footprint in India, Aims to Grow Franchisees By 50% In 2023 |url=https://www.news18.com/business/makemytrip-to-expand-footprint-in-india-aims-to-grow-franchisees-by-50-in-2023-7413127.html |access-date=2023-08-10 |website=News18 |language=en}}</ref>

Following its founding in 2000, MakeMyTrip's initial service was air ticketing for travel to and from India.<ref>{{Cite news |date=2016-10-19 |title=MakeMyTrip, Ibibo merge to create mega online travel co |url=https://timesofindia.indiatimes.com/business/india-business/makemytrip-ibibo-merge-to-create-mega-online-travel-co/articleshow/54926855.cms |access-date=2023-08-10 |work=The Times of India |issn=0971-8257}}</ref> A significant expansion occurred in 2017 when the company merged with Ibibo Group, the parent company of rival travel site [[Ibibo|Goibibo]].<ref>{{Cite web |date=2016-10-18 |title=MakeMyTrip acquires ibibo Group for nearly Rs 12,000 crore |url=https://www.zeebiz.com/companies/news-makemytrip-acquires-ibibo-group-for-nearly-rs-12000-crore-7175 |access-date=2023-08-10 |website=Zee Business}}</ref>

The company's hotel booking service, operated through MMTand Goibibo, was launched in 2005.<ref>{{Cite web |last=Nair |first=Regina Anthony |date=2008-12-14 |title=Online travel firms see spurt in business |url=https://www.livemint.com/Companies/cVpGtqMItbVoZEPzewp9EM/Online-travel-firms-see-spurt-in-business.html |access-date=2023-08-10 |website=mint |language=en}}</ref> As of 2020, it had over 60,000 accommodation properties in India and 5,00,000 outside the country listed on its site.<ref>{{Cite web |date=2020-08-25 |title=MakeMyTrip taps offline agents to bring back business, post-COVID-19 |url=https://www.moneycontrol.com/news/business/startup/makemytrip-taps-offline-agents-to-bring-back-business-post-covid-19-5753201.html |access-date=2023-08-10 |website=Moneycontrol |language=en}}</ref>

Its bus ticketing operations are primarily handled through its subsidiary, [[redBus]], an online bus ticketing platform which it acquired from the Ibibo Group.<ref>{{Cite news |title=MakeMyTrip-owned RedBus plans integrated end-to-end online travel solutions |url=https://www.business-standard.com/article/companies/makemytrip-owned-redbus-plans-integrated-end-to-end-online-travel-solutions-122041200805_1.html |work=www.business-standard.com}}</ref> redBus partners with bus operators in India, [[South America]], and [[Southeast Asia]].<ref>{{Cite web |last=Sahay |first=Priyanka |date=2016-07-11 |title=redBus acquires majority stake in Peru-based Busportal |url=https://www.livemint.com/Companies/Pu4kVmtaCxQXPA9IkCHMCP/redBus-acquires-majority-stake-in-Perubased-Busportal.html |access-date=2023-08-10 |website=mint |language=en}}</ref>

MakeMyTrip also operates TripMoney, a fintech arm offering foreign exchange services, travel insurance, and travel-related financial products. In 2022, TripMoney acquired BookMyForex, an online foreign exchange platform. The company offers car rental services for airport transfers, local sightseeing, and intercity travel. In 2025, MakeMyTrip launched an updated version of its AI-powered virtual assistant, Myra, which handles over 55,000 daily conversations in multiple Indian languages across the travel booking lifecycle.<ref>{{cite web|url=https://www.hindustantimes.com/technology/makemytrips-myra-ai-review-personal-travel-assistant-to-help-you-declutter-101755499699704.html|title=MakeMyTrip's Myra AI Review: How effective is the personal travel assistant?|website=Hindustan Times|date=18 August 2025}}</ref>

== Market position ==
MakeMyTrip is the largest online travel agency in India, with an estimated market share exceeding 60% in the Indian OTA segment as of 2025.<ref>{{cite web|url=https://www.stocksmantra.com/market-share-of-indian-online-travel-agencies-flight-hotel-train-and-bus-bookings/|title=Market Share of Indian Online Travel Agencies|website=StocksMantra|date=2025}}</ref> The company's platforms receive approximately 36 million monthly visits. Its primary competitors include [[EaseMyTrip]], [[Cleartrip]] (owned by [[Flipkart]]), [[Yatra (website)|Yatra]], and [[Ixigo]].<ref>{{cite web|url=https://skift.com/2025/01/09/makemytrip-dominates-travel-search-in-india-can-it-hold-on-to-its-lead/|title=MakeMyTrip Dominates Travel Search in India. Can It Hold On to Its Lead?|website=Skift|date=9 January 2025}}</ref> In FY2025, the company reported record gross bookings of US$9.8 billion.<ref>{{cite web|url=https://www.phocuswire.com/makemytrip-fiscal-q4-full-year-2025|title=MakeMyTrip posts record gross bookings for fiscal year 2025|website=PhocusWire}}</ref>

== References ==
{{Reflist}}

==External links==
* {{Official website|https://www.makemytrip.com}}
{{Finance links
| symbol = MMYT
| sec_cik = MMYT
| google = Nasdaq:MMYT
| yahoo = MMYT
| bloomberg = MMYT:US
| reuters = MMYT.OQ
| nasdaq = MMYT
}}
{{Travel ticket search engines}}

[[Category:Indian travel websites]]
[[Category:Travel ticket search engines]]
[[Category:Indian companies established in 2000]]
[[Category:Transport companies established in 2000]]
[[Category:Internet properties established in 2000]]
[[Category:2010 initial public offerings]]
[[Category:Online travel agencies]]
[[Category:Companies based in Gurgaon]]
[[Category:Companies listed on the Nasdaq]]
[[Category:2000 establishments in Haryana]]
[[Category:Travel and holiday companies of India]]
[[Category:Online companies of India]]

MakeMyTrip - Revision history

Srivatsan at 07:13, 21 March 2026