MakeMyTrip Eyes an IPO in India
Photo Credit: Rajesh Magow, co-founder and group CEO of MakeMyTrip speaking at Skift India Forum. Skift
Skift Take
MakeMyTrip has long been seen as a likely candidate for an India listing, but the company had never explicitly said so. Its latest filing finally puts that possibility on record, signaling that India’s booming capital markets may soon attract one of the country’s biggest travel platforms back home.
Indian online travel company MakeMyTrip is evaluating a potential listing of its India business, according to a filing with the U.S. Securities and Exchange Commission on Monday.
In a Form 6-K filing, the Nasdaq-listed online travel platform said it has brought its bus booking platform redBus India into MakeMyTrip as part of a move to bring its core domestic operations under a single entity.
“As part of its long-term growth objectives, the company is evaluating a potential listing of MakeMyTrip India in India, which could provide an additional avenue to access capital, including from domestic institutional and retail investors as well as enable it to provide I
