EaseMyTrip to Raise Up to ₹500 Cr for Hotels and Holidays Expansion
EaseMyTrip plans to raise up to ₹500 crore to fund expansion in its hotels and holiday segments.
By SOH Edit Team
Travel technology company EaseMyTrip has announced plans to raise up to ₹500 crore to support its growth strategy, with a key focus on expanding its hotels and holidays businesses.
The company’s board has approved a proposal to raise capital through the issuance of equity shares and/or other eligible securities, subject to regulatory and shareholder approvals. The fundraising may be executed in one or more tranches via permissible routes such as a rights issue, qualified institutions placement (QIP), preferential issue, private placement, or other approved methods. Specific details related to the size, structure, and timing of the issue will be finalised in line with applicable regulations and prevailing market conditions.
Office photo courtesy: @purplestudiodelh
Nishant Pitti, Founder and Chairman & Managing Director.
Growth, Technology and Strategic Opportunities
Commenting on the development, Nishant Pitti, Founder and Chairman & Managing Director said, “The proposed fundraising is about preparedness and flexibility, enabling the company to invest at the right time in technology or strategic opportunities, while ensuring that growth remains healthy and sustainable.”
The proposed capital raise is aimed at strengthening EaseMyTrip’s presence in high-potential segments, particularly hotels and holidays, while also enabling continued investments in technology, platform enhancement, and strategic opportunities aligned with its long-term priorities. The move is intended to provide greater flexibility for executing growth initiatives while maintaining a disciplined approach to capital allocation.
