The company had posted a net loss of $39.5 million (over Rs 250 crore) for the corresponding period of the previous fiscal, MakeMyTrip said in its earnings release. It started from a humble beginning in 2000, with a simple idea to empower the traveler and now MakeMyTrip has pioneered the entire online travel ecosystem of India. They have grown from producing 10 packets a day in 2005, with just his cousin managing the kitchen, to 50,000 packets a day with 1,100 employees in 10 years. Make my trip 1. He has been recognized […] 120 crores in Financial Year 2015-16. Since they were operating from the servants’ quarters at Bikhchandani’s home, the two paid a monthly rent of INR 800 to his father. Dunzo has received this funding as a mix of debt and equity shares, according to a report it filed with the Ministry of Corporate Affairs. The company's revenue stood at $152.9 million for the September quarter. Deep Kalra. The adjusted revenue for the quarter under consideration reached a new quarterly high of $206.7 million (over Rs 1,470 crore). Deep Kalra is a member of the Executive Council of NASSCOM and chairs the NASSCOM Internet Working Group. SECOND QUARTER 2020 HIGHLIGHTS * Record revenue for the second quarter of $5,130,465 (2019 $1,614,424) a growth rate of 217% year-over -year and up 33% from the previous quarter; * Net … Deep Kalra's MakeMyTrip recently announced its acquisition of rival Ibibo in an equity deal worth an estimated $1.8 billion to create Indias largest online travel company. NASDAQ-listed online travel services provider MakeMyTrip Ltd is looking to raise up to $62 million through a fresh public issue of shares while some management executives like founder & CEO Deep Kalra and a few private equity investors, such as Helion Venture and SAIF Partners, are part-selling their stake worth around $109 million (based on last traded market price). ; 2005 - September: MakeMyTrip started Indian operations in September 2005, offering online flight tickets to Indian travellers. It was $179.9 million (over Rs 1,280 crore) for the same period year ago. MakeMyTrip also announced the elevation of Rajesh Magow as the Group CEO of MakeMyTrip as founder Deep Kalra takes up the role of Executive Chairman. Yes Bank in talks with ARCs to sell NPAs worth over Rs 32,000 crore: Report. Ten years ago, while he was working with GE Capital in Delhi, Deep Kalra would often book hotel rooms on the internet.. Once planning a holiday to Thailand, Kalra bought top-class rooms for $110 a … This clearly indicates that there is a distinct shift in consumer preference as more and more people prefer to plan and book their travel, and holiday needs online. On the first day, the price went up by 89 percent. Deep Kalra is an Indian businessman who is the founder and group CEO of MakeMyTrip, an Indian online travel company. Founded by Deep Kalra in 2000, Make My Trip Limited is an Indian Online Travel Company. (apporx) On Wednesday morning during a Zoom call, Group Executive Chairman Deep Kalra informed around 3,000 employees of the online travel firm that due to the current Covid-19 pandemic, ... net worth erodes to negative Rs 883 Cr Zetwerk’s revenue skyrockets by 20X to Rs 320 Cr in FY20 Read More about Fintrackr. startup news india; They contacted as many as 5,000 companies, of which, the interested ones were given a printed search report for INR 350. 4 crores in 2011-12, which increased to 12 crores in 2012-2013, 20 crores in Financial Year 2013-14, 48 crores in Financial Year 2014-15 and to Rs. Meet Deep Kalra, promoter of the two-year-old Makemytrip.com, who has changed the way Indians buy their travel services. Dunzo Digital Pvt. It became a Rs 100 crore company in October 2015 and celebrated on the grand scale. Make My Trip founder Deep Kalra has a Net Worth of $136 Million. Deep Kalra holds a Bachelor's degree in Economics from St. Stephen's College, Delhi (1990), and a MBA (PGDM) degree from the Indian Institute of Management, Ahmedabad (1992). Net worth- $100 million. The adjusted revenue for the quarter under consideration reached a new quarterly high of $206.7 million (over Rs 1,470 crore). MMT’s initial public offering of 5 million shares was priced at $14 a piece and raised $70 million (Rs. Education and Career. A trip down the virtual world: Deep Kalra Kalra successfully listed his firm on Nasdaq in August, and its stock soared to two times its initial public offering (IPO) price of US$14 (around Rs. He was born in Hyderabad and grew up in Delhi and Ahmedabad. Deep Kalra, who is the chairman and group CEO of MakeMyTrip has invested 6.5 Million USD, along with a few others, in Dunzo, daily task management app. MakeMyTrip Limited is based in Gurgaon, India. MakeMyTrip’s Group Executive Chairman Deep Kalra informed the impacted employees about the layoff decision in an email sent on Friday. Entrackr has seen a copy of the ... 1mg’s revenue crosses Rs 350 Cr; net worth erodes to negative Rs 883 Cr Zetwerk’s revenue skyrockets by 20X to Rs 320 Cr in FY20 Read More about Fintrackr. Deep Kalra, founder of MakeMyTrip. 329 crore). How Deep Kalra brought down losses to $6.3 mn from $18.9 mn. Through its various initiatives, MakeMyTrip has taken the lead in promoting responsible travel amongst members of the hospitality value chain as well as travellers. It was $179.9 million (over Rs 1,280 crore) for the same period year ago. This has increased to Rs 260 crores in Financial Year 2016-17. In the pre-IPO days, MakeMyTrip was making $40 million-worth of annual revenue. Ltd, which runs daily task management app Dunzo, has raised $6.5 million (around Rs 46 crore) from a clutch of new and existing investors including Deep Kalra, the chairman and group chief executive officer of online travel services provider MakeMyTrip. INTRODUCTION Its Headquarter is in Gurugram and Haryana Makemytrip.com is an Online travel company The company should be established on 1 April 2000 by Deep Kalra It has recognized as one of the best travel portal Every 11 domestic flight in India booked via MakeMytrip.com The Million-dollar MakeMyTrip in a nut shell, is an Indian online travel company which provides online travel services like flight tickets, domestic and international holiday packages, hotel reservations, rail and bus tickets, etc. Online travel firm MakeMyTrip today reported a net loss of $62.3 million (over Rs 400 crore) for the quarter ended September 30, 2017. Trip for Two. makemytrip net worth . Deep Kalra: According to a recent study by comScore, visits to travel sites in India have increased by 50 percent over last year. A travel company that takes millions of Indians to different places every year is taking up a bold initiative to bring the spotlight on ‘responsible travel’. The company had posted a net loss of $39.5 million (over Rs 250 crore) for the corresponding period of the previous fiscal, MakeMyTrip said in its earnings release. Deep Kalra is Chairman/Co-Founder at Makemytrip Ltd. See Deep Kalra's compensation, career history, education, & memberships. Kalra is set to take his company to the IPO route by 2008. “Some of the best businesses have not seen the light of ray because some Entrepreneurs gave up too early.” ~ DEEP KALRA, Founder & Group CEO, Make My Trip. The Indian Institute of Management, Ahmedabad (IIM-A) on Tuesday launched the 'IIM Ahmedabad Endowment Fund' with an initial commitment of Rs 100 crore from 10 … Chairman and Group CEO Deep Kalra has steered MakeMyTrip since its inception in 2000, to a successful listing on NASDAQ in August 2010. History. The pioneer of online travels in India; Deep Kalra is the proud founder of Gurgaon based – MakeMyTrip.com. The platform which currently serves Bengaluru, Delhi, Gurugram, Hyderabad, Chennai, Mumbai, Pune and Jaipur has crossed 2 million monthly transactions. 2000: MakeMyTrip was founded by Deep Kalra, an alumnus of IIM-Ahmedabad.It was launched in US market in the year 2000 to cater to the overseas Indian community for their US to India travel needs. After becoming an educational learning app, Byju’s revenue was Rs. PRESENTED BY… Diksha Mehrotra Pooja Gupta Kashish Gupta DEEP KALRA 2. 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