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India Online Booking Site Yatra Plans on U.S. IPO

Excerpt from Economic Times

May 11, 2014 8:00 am

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If Yatra is able to carry out an IPO it would join MakeMyTrip as the only India online travel sites publicly listed. With the success that China-based online travel sites have had on the public markets, Yatra wants to seize on the opportunity.

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Rupak De Chowdhuri  / Reuters

Yatra believes an IPO would bring it the resources to increase its volumes from travelers in India and elsewhere. Pictured, A man uses a Nokia mobile phone to make a call on a street in Kolkata December 12, 2013 Rupak De Chowdhuri / Reuters


Yatra.com, the India-based online travel-booking company, is considering a listing in the US — possibly on the Nasdaq — sometime next year.

“The US market has good appetite right now for high growth stocks. Most of our online peers from Latin America and China have also listed in the US,” cofounder and Chief Executive Dhruv Shringi told ET in a recent interview. “A Nasdaq listing gives us a much wider coverage and higher volumes.”

But Yatra has yet to set a definite deadline. “We are planning to do by next calendar year. If our plans work out faster, we can also do it in the current fiscal year,” he said.

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