Yatra (company)

Yatra
Public
Traded as NYSE: YTRA
Industry Online travel agency
Founded 1 August 2006 (2006-08-01)
Founder Dhruv Shringi (CEO), Manish Amin (CIO) and Sabina Chopra (COO - Corporate Hotels)
Headquarters Gurgaon, Haryana, India
Products Flights, hotels, holidays, trains, buses
Services Travel booking
Website www.yatra.com

Yatra.com is an Indian online travel agency and a travel search engine based in Gurugram, Haryana, founded by Dhruv Shringi, Manish Amin and Sabina Chopra in August 2006.

In April 2012, it was the second largest online travel website in India, with a 30 percent share of the ₹370 billion (US$5.2 billion) market for all online travel-related transactions.[1] It also launched a "holiday-cum-shopping card" with State Bank of India (SBI), India's largest bank.[2]

Yatra.com publicly listed on the NASDAQ under the ticker symbol YTRA in December 2016.

Acquisition

Yatra.com has made three acquisitions to date — ticket consolidator Travel Services International (TSI) in October 2010, global distribution system (GDS) provider MagicRooms.in, and Indian events and entertainment portal BuzzInTown.com — all for undisclosed amounts.[3][4] In July 2012, Yatra.com acquired a 100% stake in Travelguru.com.[5]

Investors

Companies like Reliance Venture Asset Management Ltd,[6] Web18 of TV18 Group (a subsidiary of Network 18), Norwest Venture Partners and Intel Capital have invested substantially in Yatra.com.[7] In April 2011, the website announced receiving funding of ₹2 billion (US$28 million) from blue-chip investors including Valiant Capital Management, Norwest Venture Partners (NVP) under Promod Haque management and Intel Capital.[8]

Recent news and activities

In November 2013, Yatra.com launched e-gift cards in collaboration with Qwikcilver.[9]

In January 2016, Yatra.com appointed Vikrant Mudaliar as the chief marketing officer. He previously served as chief sales and Marketing Officer at Lenskart.com.[10]

In 2016, Yatra.com acquired-hired Mumbai-based Travel-logs.in, which specializes in customized city walks and private tours.[11]

References

  1. ↑ "..two important stakeholders in online travel,." Business Standard. 25 April 2012.
  2. ↑ "Yatra.Com launches holiday-cum-shopping credit card with SBI". BUsiness Standard. 2 Apr 2012.
  3. ↑ Yatra acquires events and entertainment portal Buzzintown.com afaqs.com.
  4. ↑ "Yatra.com acquires events portal Buzzintown.com". Retrieved 3 February 2016.
  5. ↑ afaqs! news bureau (2012-07-02). "Yatra.com acquires 100 percent stake in Travelguru". afaqs.com. Noida, India: afaqs!. Retrieved 2016-05-16.
  6. ↑ "Our Portfolio". Reliance Venture.
  7. ↑ "Yatra Investors - Yatra.com". Yatra.com. Retrieved 3 February 2016.
  8. ↑ "Yatra.com receives Rs 200 crores in funding to fuel growth". afaqs. 20 April 2011.
  9. ↑ "Yatra.com launches e-gift card" The Hindu Business Line, 27 November 2013
  10. ↑ "Yatra.com hires LensKart's Vikrant Mudaliar as chief marketing officer" The Economic Times, 20 January 2016
  11. ↑ "Yatra acqui-hires travel-logs to boost tours within cities" The Economic Times, 20 January 2016
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