New Delhi, February 16: Travel technology platform EaseMyTrip on Monday announced plans to raise up to ₹500 crore to strengthen its presence across high-potential segments, with a clear focus on hotels and holiday offerings.
Board Approves Fundraising Plan in Principle
The company’s Board has approved, in principle, a proposal to raise funds through the issuance of equity shares and or other eligible securities, subject to the necessary approvals.According to the company, the fundraising may be carried out in one or more tranches. It could take place through permissible routes under applicable law, including a rights issue, qualified institutions placement, preferential issue, private placement, or other approved methods. The final structure will be subject to regulatory and shareholder approvals.
Details to Be Finalised Later
EaseMyTrip clarified that the detailed terms of the proposed capital raise, including the size, structure, and timing, will be determined at an appropriate stage. These decisions will be aligned with prevailing regulations and market conditions.Focus on Hotels, Holidays and Technology Investments
The proposed capital infusion is aimed at supporting the company’s expansion in high-growth verticals, particularly hotels and holiday packages. In addition, the funds will enable continued investments in technology, platform enhancement, and strategic opportunities that align with its long-term business priorities.The move is intended to provide greater flexibility to execute growth initiatives while maintaining a disciplined approach to capital allocation.
Management Commentary
Nishant Pitti, Founder and Chairman and Managing Director of EaseMyTrip, said the proposed ₹500 crore capital raise is about preparedness and flexibility.He stated that the plan would allow the company to invest at the right time, whether in technology or in strategic opportunities that align with its broader vision. He added that the company remains focused on ensuring growth that is healthy and sustainable.
With this proposed fundraising, EaseMyTrip is positioning itself to accelerate expansion in key segments while strengthening its technology-driven travel platform.
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