Posts filtered by tags: Deep Kalra[x]


MakeMyTrip finally goes public with its involvement in Aarogya Setu

By Aditi Agrawal and Trisha Jalan Deep Kalra, CEO of MakeMyTrip, finally acknowledged the involvement of the company, not individual developers in their personal capacities, in the development of India’s contact tracing app, Aarogya Setu during the earnings call for Q4FY20 on June 26. “[O]ur technology team has also contributed immensely to help the government develop and launch a COVID tracing app called Aarogya Setu. … I’m pleased to share that this app has been downloaded over 130 million tim...
Tags: Travel, News, India, Makemytrip, Kumar, Matthan, National Informatics Centre, NITI, Medianama, Dutta, Deep Kalra, Goibibo, Prashant Tandon, Frontier Technologies, Coronavirus, Aditi Agrawal

COVID-19: MakeMyTrip execs to draw zero salary, leadership team takes 50% paycut

As the COVID-19 pandemic paralyses the world economy, MakeMyTrip’s Deep Kalra and Rajesh Magow announced last evening that they would draw zero salary, and the rest of the company’s leadership team has offered to take a 50% paycut, starting April 2020. Magow took over as group CEO last month, taking over from Kalra, who is […] ...
Tags: Travel, News, Makemytrip, Kalra, Deep Kalra, Online Ticket Booking, Rajesh Magow

MakeMyTrip Q3FY20: Rajesh Magow becomes group CEO; coronavirus impacts outbound travel; revenue up 16% YoY:

Co-founder and India CEO Rajesh Magow is replacing Deep Kalra as group CEO of online travel company MakeMyTrip. Kalra is transitioning to the role of Executive Chairman. Magow will focus on driving growth in the three core brands — MakeMyTrip, Goibibo, and Redbus. Kalra will focus on product innovation and expansion, geographic growth, business model […] ...
Tags: Travel, News, India, Earnings, Makemytrip, Deep Kalra, Online Travel Agency, Goibibo, Redbus, Rajesh Magow, Earnings Dec-19, MakeMyTrip Kalra, Magow, Redbus Kalra

Hotels to contribute 75% of total MakeMyTrip business by 2020

MakeMyTrip founder and group CEO Deep Kalra says by 2020, 75% of the online travel agency’s total business will come from hotels as air business has come down to 35%.
Tags: Hotels, Deep Kalra

MakeMyTrip and Ibibo close merger; Revenue is up 38.6% to $123.2 million

Online travel agencies MakeMyTrip and the Ibibo Group completed the merger of the two companies and the parent group of the Ibibo  Group (Naspers and Tencent) contributed a working capital of $82.8 million in cash to the new entity. The merged entity will include the MakeMyTrip, goibibo, redBus, Ryde and Rightstay brands. These entities combined processed 34.1 million transactions during the fiscal year 2016. Here’s how the transaction completed: – MakeMyTrip has issued 38.97 million class B sh...
Tags: Travel, News, Internet, India, Tencent, Earnings, Mergers & Acquisitions, Ctrip, Naspers, Makemytrip, Ryde, Economic Times, Deep Kalra, Online Travel Agency, Goibibo, Ibibo Group

Updated: MakeMyTrip and GoIbibo merge

This post has been updated with inputs from the conference call MakeMyTrip and GoIbibo are merging, is what appears to be a consolidation of the two largest online travel players in India. In the travel space, the combined entity includes: MakeMyTrip, goibibo, redBus, Ryde and Rightstay, which together processed 34.1 mm transactions during FY2016. Financials terms of the transaction What we know: Following the transaction, Naspers owned Ibibo will be merged into MakeMyTrip, and the Naspers-Ten...
Tags: Travel, Mobile, News, Internet, China, India, Brands, North America, Ctrip, Naspers, SAIF Partners, Makemytrip, Ryde, CCI, BNB, Competition Commission of India

Updated: Healthkart raises $12M from existing investors

Update:  Healthkart cofounder Sameer Maheshwari confirmed that the company had raised fresh funding led by Sequoia India, with participation from existing investors Omidyar Network and Kae Capital among other unnamed ones. It plans to invest in its assistance and content areas, add more categories in the nutrition segment and in the offline space. Earlier today: Healthkart, the online healthcare and fitness store, has raised Rs 80 crore ($12 million) in Series E funding from existing investor...
Tags: Travel, Mobile, News, Internet, Investments, Delhi, Sequoia Capital, NCR, Bangalore, Omidyar Network, Tandon, Maheshwari, Kae Capital, Deep Kalra, Sequoia India, Maverick Capital Ventures

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