Archive · 20 Jun 2025
MakeMyTrip Raises $3.1 Billion in Major Funding Round
MakeMyTrip, an online travel company, has gotten a big boost of $3.1 billion in funding.
They got money by selling stocks and bonds.
This is the biggest fundraising ever for a similar company in India.
They will use some of the money to buy back shares from a Chinese company called Trip.com, which will then own less of MakeMyTrip.
Before this deal, Trip.com was a major shareholder.
The company had a good financial year with revenue and profit increasing.
MakeMyTrip raised $3.1 billion through equity and debt.
This is the largest fundraise by a listed new-age Indian company.
The funding includes the sale of 18,400,000 ordinary equity shares and convertible senior notes.
MakeMyTrip will buy back shares from Trip.com and reduce its holding.
Trip.com's stake in MakeMyTrip has dropped to 19.99% from 45.34%.
- Who
- MakeMyTrip, along with its banker Morgan Stanley, raised the funds, including buyback of shares from Trip.com.
- What
- MakeMyTrip raised $3.1 billion through equity and debt.
- When
- The news was reported recently.
- Where
- MakeMyTrip is based in Gurugram, India.
- Why
- The funds were raised to buy back shares and potentially for other company initiatives.
- Fundraise Amount
- $3.1 billion
- Type of Funding
- Equity and debt
- Equity Shares Sold
- 18,400,000
- Share Price
- $90
- Trip.com's Previous Stake
- 45.34%
- Trip.com's Current Stake
- 19.99%
- MakeMyTrip FY25 Revenue
- $978 million
- MakeMyTrip FY25 Net Profit
- $95.2 million