“A friend is a gift you give yourself.”
– Robert Louis Stevenson
Easy does it
EaseMyTrip says it sells over 20,000 air tickets every day
That it is profitable even while the market leader MakeMyTrip isn’t
Next up is an IPO, valuing it at close to a billion dollars
It’s time to peel the onion
There’s MakeMyTrip, the big daddy of India’s travel space. Founded nearly two decades ago, it’s the destination for hundreds of millions in venture funding, listed on the NASDAQ, and bringing in over $600 million in revenue annually.
And then there’s EaseMyTrip, in many ways a study in contrasts. Formally registered in 2008 by two brothers, Nishant Pitti and Rikant Pitti, it declared annual revenues of over Rs 1900 crore ($267.5 million) in March 2017 without a Rupee in venture funding.
Sign up to our India edition to read this story instantly
To sign up, you’ll create an account that will give you access to a new free story published once a week and archive of 214+ previously published free stories from our India edition. You’ll also receive one email every morning from us introducing the day’s story.
If you’ve already signed up, just enter your email below or login using Facebook or Google.
One free story every week. Access to 214+ older free stories from India edition
One email every morning from us, and The Nutgraf - our cracking Saturday newsletter
200 word summaries for all paid, subscriber-only stories
The Ken has invited you to sign up for The Nutgraf by The Ken.
The Ken has invited you to sign up for The Nutgraf by The Ken.
Having your name allows us to address you personally in emails and on our website. That’s all, nothing else.
The Ken has added you as a partner. Read The Ken as a couple. Sign in to get started.
The Ken has added you as a partner. Read The Ken as a couple. Sign up to get started.
Having your name allows us to address you personally in emails and on our website. That’s all, nothing else.
