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EaseMyTrip, a prominent online travel platform, is set to raise up to Rs 500 crore to support its forthcoming growth phase, as disclosed in a filing with the stock exchanges on Monday. The company plans to execute this fundraising in one or more tranches through various legitimate methods allowed by law, including rights issues, qualified institutional placements (QIP), preferential issues, private placements, or other approved strategies. Specific details regarding the size, pricing, structure, and timing of this initiative will be determined based on market conditions and regulatory guidelines.
The capital raise aims to enhance EaseMyTrip’s footprint in lucrative segments, especially in hotels and holiday packages, while also facilitating investments in technology, platform enhancements, and strategic opportunities that align with the company’s long-term objectives. Nishant Pitti, the Founder and CMD of EaseMyTrip, stated that the planned capital raise of up to Rs 500 crore is about preparedness. This move provides flexibility for smart investments at the right moment, whether in technology or other strategic opportunities that correspond with the company’s broader vision. He emphasized that the company will uphold a disciplined approach to capital allocation, concentrating on sustainable growth and the creation of long-term value.
Established in 2008, EaseMyTrip ranks among India’s leading online travel technology platforms concerning air ticket bookings. As a bootstrapped entity, the company has established a broad footprint spanning both air and non-air categories, which includes hotels, holiday packages, trains, buses, and cabs. The firm is now focused on bolstering its integrated travel ecosystem in the face of increasing competition within the sector. In the third quarter of the current fiscal year, the company recorded a revenue of Rs 151 crore, while its profit saw a significant decrease of 90% year-on-year, amounting to Rs 3.4 crore in Q3FY26. Currently, EMT shares are trading at Rs 7.32, with a total market capitalisation of Rs 2,662 crore.
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