MakeMyTrip
An Indian online travel company offering travel booking, accommodation, mobility, holiday, and travel-finance services.
Last updated October 14, 2026
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Overview
MakeMyTrip is an Indian online travel company and digital travel marketplace headquartered in Gurugram, Haryana. Its platform allows consumers to search for and book air tickets, hotels and other accommodation, holiday packages, trains, buses, airport transfers, car rentals, and selected travel-related financial products. The company also operates through associated or acquired brands, most notably Goibibo and redBus, giving it a broader presence across flights, hotels, intercity bus transport, and multimodal travel discovery. Deep Kalra founded MakeMyTrip in 2000. The company initially concentrated on travel between the United States and India, serving members of the Indian diaspora who needed online access to air itineraries. It entered the Indian market in September 2005 with online airline-ticket sales. From that starting point, it expanded into hotel reservations and holiday packages, then added rail and bus ticketing, mobile applications, partner distribution, corporate travel, and financial services connected with travel. A major turning point came with the company's public listing on Nasdaq in September 2010. MakeMyTrip raised approximately US$80.5 million in the initial public offering and became the first Indian company to complete a U.S. initial public offering since July 2006, according to the company's Wikipedia history. The listing helped establish the business as one of India's best-known consumer internet companies and provided capital for international expansion and product development. The company pursued acquisitions and investments during the 2010s. It bought Singapore-based Luxury Tours and Travel, acquired ITC Group's travel business and ETB Group in 2011, launched the RoutePlanner service in 2012, and created a US$15 million innovation fund in 2014. Through that fund and related investments, it acquired travel-discovery service MyGola and invested in HolidayIQ and Bona Vita in 2015. In 2016, China's Ctrip agreed to invest US$180 million in MakeMyTrip. Later that year, MakeMyTrip merged with the Ibibo Group through a stock transaction. The combination brought Goibibo and redBus into the broader platform and made Naspers the largest shareholder at the time. The Ibibo transaction substantially changed MakeMyTrip's scale and competitive position. Goibibo strengthened hotel and flight distribution, while redBus added a large intercity bus-ticketing business with operations extending beyond India. In 2019, Ctrip increased its ownership stake to 49% through a stock-swap transaction involving Naspers. MakeMyTrip also acquired corporate travel-management company Quest2Travel in 2019, launched myPartner for travel agents in 2020, and entered a distribution partnership with Amazon Pay in 2021. MakeMyTrip has continued to broaden its ecosystem beyond conventional booking. Its TripMoney unit provides foreign-exchange services, travel insurance, and other travel-related financial products; TripMoney acquired online foreign-exchange provider BookMyForex in 2022. The company has also developed artificial-intelligence features, including multilingual voice-assisted booking, automated hotel-review summaries, and the Myra virtual assistant. In 2024, it announced an agreement to acquire expense-management platform Happay from CRED. In 2025, it publicized an updated Myra assistant and a hotel-and-homestay discovery initiative covering properties near Indian national parks. MakeMyTrip competes in India's online travel market with EaseMyTrip, Cleartrip, Yatra, and Ixigo, among others. Its positioning combines mass-market digital convenience with a broad inventory and multiple distribution channels, including websites, mobile applications, franchisees, corporate-travel services, travel-agent tools, and third-party partnerships. The company remains active, although its market position and relationships with accommodation suppliers have attracted regulatory and industry scrutiny concerning hotel price parity and search vis…
History
MakeMyTrip was established in 2000 by Deep Kalra to provide online travel services focused initially on routes between the United States and India. Its early customer base included members of the Indian diaspora seeking air-travel itineraries. The business entered India in September 2005 with online airline-ticketing services and subsequently added hotel reservations and holiday packages. The company became a significant Indian internet business when it listed on Nasdaq on 17 September 2010. Its initial public offering raised approximately US$80.5 million at a reported valuation of about US$478 million. The transaction was described as the first U.S. IPO by an Indian company since July 2006. After listing, MakeMyTrip expanded through acquisitions, investments, new products, and international activity. In 2011, the company acquired Singapore-based Luxury Tours and Travel, the travel business of ITC Group, and ETB Group. It introduced RoutePlanner in 2012 to help users compare routes and modes of transport within India. In 2014, it established a US$15 million innovation fund for travel-sector start-ups. The fund supported the acquisition of MyGola in 2015, while MakeMyTrip also invested in HolidayIQ and Bona Vita during that year. Ctrip invested US$180 million in MakeMyTrip in January 2016. Later in 2016, MakeMyTrip and Ibibo Group merged through a stock swap. Ibibo's assets included Goibibo and redBus, two important online travel brands. The combination broadened MakeMyTrip's hotel, flight, and bus capabilities and made Naspers the largest shareholder at that stage. In 2019, Ctrip acquired additional ownership from Naspers through another stock-swap arrangement, taking its stake to 49%. MakeMyTrip also bought Quest2Travel, a Mumbai-based corporate travel-management company, in 2019. The company introduced myPartner in 2020 as a platform for travel agents and entered an agreement with Amazon Pay in 2021 to provide travel services through Amazon's payment ecosystem. In 2022, TripMoney acquired BookMyForex, extending MakeMyTrip's travel ecosystem into online foreign exchange. The company has also offered travel insurance and related financial products through TripMoney. From 2023 onward, MakeMyTrip began incorporating generative artificial intelligence into its consumer experience. Examples included voice-assisted booking in Indian languages and AI-generated summaries of hotel reviews. In January 2024, it announced an agreement to acquire Happay, an expense-management platform owned by CRED. In 2025, it announced an updated version of its Myra virtual assistant and described initiatives to identify hotels and homestays near more than 100 Indian national parks. MakeMyTrip's current business spans flights, hotels, holiday packages, rail, buses, car rentals, airport transfers, corporate travel, partner distribution, and travel finance. The company operates through its principal brand and associated brands including Goibibo and redBus. It is generally described as one of India's largest online travel agencies, competing with EaseMyTrip, Cleartrip, Yatra, and Ixigo. Its growth has also brought regulatory attention, particularly regarding alleged hotel price-parity requirements and the treatment of accommodation suppliers in platform search and distribution.
- 2025
Myra assistant updated
[1]MakeMyTrip released an updated version of its AI-powered Myra virtual assistant.
- 2024
Agreement to acquire Happay
[1]MakeMyTrip announced an agreement to acquire the expense-management platform Happay from CRED.
- 2023
Generative AI features introduced
[1]The platform began adding multilingual voice booking and AI-generated hotel-review summaries.
- 2022
TripMoney acquires BookMyForex
[1]TripMoney expanded into online foreign-exchange services through the acquisition of BookMyForex.
- 2020
myPartner launches
[1]MakeMyTrip introduced a platform intended to support travel agents and partner distribution.
- 2019
Ctrip stake rises to 49 percent
[1]Ctrip increased its stake in MakeMyTrip through a stock-swap transaction with Naspers.
- 2016
Ibibo merger
[1]A stock-based combination with Ibibo Group added the Goibibo and redBus businesses to the wider MakeMyTrip group.
- 2014
Innovation fund established
[1]The company created a US$15 million fund for investments in travel-sector start-ups.
- 2012
RoutePlanner launches
[1]MakeMyTrip introduced RoutePlanner to help users search routes and transport modes within India.
- 2010
Nasdaq initial public offering
[1]MakeMyTrip listed on Nasdaq and raised approximately US$80.5 million in its initial public offering.
Products and positioning
A broad, digitally led online travel marketplace serving Indian consumers and travelers connected with India, with inventory spanning transportation, accommodation, holidays, mobility, and travel finance.
Air travel · 2000
MakeMyTrip Flights
The company's original core service was online airline-ticketing for travel between the United States and India. The flight business later became part of a broader Indian marketplace covering domestic and international itineraries, fare discovery, booking, and associated travel support.
Accommodation · 2005
MakeMyTrip Hotels
MakeMyTrip provides online discovery and booking for hotels and other accommodation. Hotel inventory is offered through the MakeMyTrip and Goibibo channels and includes properties in India and international markets. The accommodation business is a central part of the company's consumer marketplace.
Leisure travel
Holiday Packages
Holiday Packages combine travel components for leisure customers, including destination-oriented itineraries and accommodation. The offering developed after the company's initial airline-ticketing focus and supports both domestic and international travel planning.
Online travel marketplace
Goibibo
Goibibo became part of the wider MakeMyTrip group through the 2016 merger with Ibibo Group. It contributes flight and accommodation inventory and operates as a recognizable consumer-facing travel brand within the group's multi-brand strategy.
Bus ticketing
redBus
redBus is an online intercity bus-ticketing platform acquired through the Ibibo combination. It connects passengers with bus operators and has activity in India, South America, and Southeast Asia, extending MakeMyTrip's reach beyond air and hotel bookings.
Travel finance
TripMoney
TripMoney is MakeMyTrip's travel-finance arm. Its activities include foreign exchange, travel insurance, and other travel-related financial products. The acquisition of BookMyForex in 2022 strengthened its online foreign-exchange offering.
Artificial-intelligence travel assistant
Myra
Myra is MakeMyTrip's virtual travel assistant. The company has described it as supporting customer interactions across the booking lifecycle and has expanded it with multilingual and generative-AI capabilities.
Controversies
2022
Competition scrutiny over hotel price parity
The Competition Commission of India imposed a penalty of approximately ₹223 crore in proceedings concerning alleged hotel price-parity restrictions and related online travel-platform practices involving MakeMyTrip and Goibibo. The matter raised questions about how accommodation suppliers could set prices across competing booking channels.
Brand decisions
2024
Agreement to acquire HappayM&ABackground
MakeMyTrip had been extending its ecosystem into travel finance and business-travel services.
Action taken
The company announced an agreement to acquire expense-management platform Happay from CRED.
Aftermath
The acquisition is expected to enhance MakeMyTrip's capabilities in corporate travel and expense management, but the specific impact after the deal closes has not been disclosed.
2023
Integration of generative AI into travel bookingStrategyBackground
Travel platforms were adopting conversational interfaces and automated content tools to simplify search and booking.
Action taken
MakeMyTrip introduced features including voice-assisted booking in Indian languages and AI-generated hotel-review summaries.
Aftermath
The company expanded its use of artificial intelligence in customer discovery, review interpretation, and booking assistance.
2016
Combination with Ibibo GroupM&ABackground
The Indian online-travel market was consolidating, and MakeMyTrip sought greater scale across accommodation, flights, and ground transportation.
Action taken
MakeMyTrip merged with Ibibo Group through a stock transaction.
Aftermath
The transaction added Goibibo and redBus and significantly broadened the group's travel inventory and customer reach.
2010
U.S. public listingOtherBackground
MakeMyTrip sought public-market capital while expanding its online travel business and building recognition among international investors.
Action taken
The company completed an initial public offering and listed its shares on Nasdaq.
Aftermath
The listing provided a public-market platform for subsequent product expansion, acquisitions, and international development.
IPO proceeds. Approximately US$80.5 million raised (September 2010)
Recent events
MakeMyTrip partners with IndiGo on Mumbai–Phuket charter flights[3]
Reported:
MakeMyTrip partnered with IndiGo to launch exclusive charter flights between Mumbai and Phuket. MakeMyTrip's package includes end-to-end travel services and related activities.
MakeMyTrip and IndiGo launch Phuket charter holiday services[4]
Reported:
MakeMyTrip, in partnership with IndiGo, launched air charter holiday services to Phuket, with packages bookable for specified departure dates beginning December 4.
Visa launches card-on-file tokenization service in India[5]
Reported:
Visa launched card-on-file tokenization services in India in partnership with Juspay. The service is available across ecommerce platforms including Grofers, bigbasket and MakeMyTrip.
MakeMyTrip raises $200 million through debt securities[6]
Reported:
MakeMyTrip said it raised $200 million through debt securities and priced $200 million of 0.00% convertible senior notes due 2028. The sale to initial purchasers was expected to settle in February 2021, subject to customary closing conditions.
MakeMyTrip partners with BluSmart on electric airport transfers[7]
Reported:
MakeMyTrip announced a partnership with BluSmart to offer electric vehicles for airport transfers. The bookable offering was available to customers in Delhi and the Delhi-NCR region.
- Unconfirmed
MakeMyTrip launches myPartner platform[8]
Reported:
MakeMyTrip launched myPartner, a dedicated platform for travel agents to assist them in offering travel booking options to travellers.
tourHQ partners with MakeMyTrip and Goibibo for online experiences in India[9]
Reported:
tourHQ partnered with Makemytrip and Goibibo to bring its online travel experiences to the Indian market. The experiences are available on the Makemytrip mobile app and on tourHQ.com for private bookings.
MakeMyTrip and Meru partner on sanitized airport cab service[10]
Reported:
MakeMyTrip announced a partnership with Meru to introduce a sanitized cab service at major airports in India, with contactless cab booking integrated into the flight-booking process.
MakeMyTrip partners with hotels for gourmet delivery[11]
Reported:
MakeMyTrip said it partnered with premium hotel chains and independent properties in select Indian cities to roll out an online gourmet delivery service.
MakeMyTrip launches online gourmet delivery service[11]
Reported:
MakeMyTrip said it was rolling out an online gourmet delivery service with premium hotel chains and independent properties in select Indian cities.
Sources15 sources
- 1MakeMyTripen.wikipedia.org
- 2MakeMyTrip official websitemakemytrip.com
- 3MakeMyTrip与IndiGo合作推出孟买至普吉岛包机business-standard.com
- 4MakeMyTrip与IndiGo推出普吉岛包机度假服务business-standard.com
- 5Visa 在印度推出卡片档案代码化服务economictimes.indiatimes.com
- 6MakeMyTrip通过债务证券融资2亿美元economictimes.indiatimes.com
- 7MakeMyTrip与BluSmart合作推出电动机场接送服务financialexpress.com
- 8MakeMyTrip推出myPartner平台thenewsminute.com
- 9tourHQ 与 MakeMyTrip 和 Goibibo 合作在印度推出线上体验prweb.com
- 10MakeMyTrip与Meru合作推出机场消毒出租车服务financialexpress.com
- 11MakeMyTrip与酒店合作推出美食配送business-standard.com
- 12Card Tokenization: Visa launches India's 1st card 'token' service for online platforms; What it meansibtimes.co.in
- 13MakeMyTrip raises $200 mn through a zero per cent interest coupon bondbusiness-standard.com
- 14MakeMyTrip rolls out online gourmet delivery servicesthehindubusinessline.com
- 15MakeMyTrip unveils dedicated platform for travel agentsthehindubusinessline.com
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