EaseMyTrip, a listed traveltech company, has announced plans to raise up to ₹500 crore to bolster its presence in non-core segments, particularly hotels and holidays. The fund raise, expected to occur in multiple tranches, will support the company’s expansion plans and potential strategic acquisitions. This move comes following a challenging financial quarter for EaseMyTrip, marked by a significant decline in net profit. Despite these challenges, the company remains focused on sustainable growth and value creation, emphasizing responsible investment decisions.
By investing in technology enhancements and exploring acquisition opportunities aligned with its long-term vision, EaseMyTrip aims to strengthen its market position and drive future growth. The specifics of the fund raise, including the modes and structure of financing, are yet to be finalized, providing the company with flexibility in its investment strategy. The proposed capital infusion reflects EaseMyTrip’s proactive approach to readiness and its commitment to strategic development in key business areas.
Source: Inc42 Media