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MakeMyTrip bullish about Indian market revenues surpassing its US earnings

04-November-2005
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MakeMyTrip bullish about Indian market revenues surpassing its US earnings

After acquiring 15,000 customers within two months of commencing Indian operations, the e-ticketing portal, Makemytrip, claims that its Indian revenues will surpass that from the US within two years. The company aims to acquire 100,000 customers within six months in India.

“This year our Indian operation will contribute 15-20 per cent of our total revenue. In the next financial year, the share may go up to 35 per cent. In the 2007-08, the revenue share from our Indian operations will surpass our revenue collection from US market,” said Deep Kalra, Founder & CEO, MakeMyTrip.

On the reasons behind the company’s optimism on the Indian market, he said, “In India, the competition is the least and scalability is high. We are adding 500 customers per day and aim to accumulate one lakh customers within six months’ time.”

Kalra also informed that within two months, Makemytrip will come out with ‘Dynamic Packaging’, a discount promotion for those buying both hotel and an air ticket together. “Plans are afoot for special concessions to the corporate sector for e-booking and a ‘corporate module’ will be launched soon,” he added.

MakeMyTrip, which started its operations in the US in 2000, recorded over Rs 100 crore in revenues last year, and is looking to double this figure in the current fiscal.

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