Nasdaq-listed travel company MakeMyTrip is considering a listing on Indian stock exchanges to secure funding from local investors and strengthen its position in the Indian market. This move could enhance the company’s market leadership and growth opportunities. MakeMyTrip recently reported a 73% year-over-year decrease in net profit for Q3 FY26, primarily attributed to increased finance costs. After being listed on Nasdaq in 2010, the company is now exploring a domestic IPO to leverage the Indian market’s potential and regulatory environment.
As part of its IPO preparation, MakeMyTrip has restructured its operations by merging key brands under a single Indian entity, including the integration of RedBus India. The success of the IPO plan hinges on securing regulatory approvals, meeting corporate requirements, and favorable market conditions. Founded in 2000, MakeMyTrip has facilitated over 8.7 crore transactions and onboarded 77,000 SMEs and corporate clients. With a current market capitalization exceeding $5 billion, the company aims to expand its financial profile through the proposed IPO.
Source: Inc42 Media