MakeMyTrip

The company said that its loss narrowed down to $42.5 Mn in Q1 FY20

The revenues continue to be steady and growing, in both Y-o-Y and Q-o-Q terms

Hotel bookings continue to be MMT’s breadwinner

MakeMyTrip raked in yearly revenue of $486.01 Mn

The company’s losses reached $167.88 Mn

MakeMyTrip saw a volatile day in the stock market after the results were announced

The amendments offer clarifications on similar sounding company names

New rules came on the heels of multiple trademark disputes in India

In December 2018, MakeMyTrip had filed five trademark cases

A final call on the issue size is yet to be taken, according to a news report

Axis Capital and JM Financial to act as merchant bankers for the proposed IPO

The company achieved a turnover of $323.7 Mn (INR 2300 Cr) in 2018

Quest2Travel will help MMT extend its service offerings to corporates

Founded in 2000, Quest2Travel offers corporate travel bookings

The Mumbai-based startup serves over 200 corporate clients in India

Ninjacart raised $89.5Mn from Tiger Global

Quikr acquired used goods marketplace Zefo

In all this week, 12 startups raised $208.9 Mn funding

The deal is expected to close in the second half of 2019

Following the deal, Naspers will own 5.6% of Ctrip’s outstanding ordinary shares

Ctrip will control Naspers’ entire stake in MakeMyTrip

MakeMyTrip has accused EaseMyTrip of “infringement of trademark”

Delhi HC has ordered EaseMyTrip to refrain from using MakeMyTrip as adword

It raises the cost for us when somebody is biding on our trademark, a company official said

Ebix offered an acquisition deal worth for $336 Mn to Yatra

Yatra has entered into a mutual confidentiality agreement with Ebix

Both the parties will now begin due diligence for the deal

Very few Indian startups have gone public on the national stock exchanges

India allows dual shares for profitable companies

Facebook, Alibaba among others have adopted DVR structures during their IPOs

Till now, Dunzo has raised $3.1 Mn in the ongoing funding round

Krishna Sindhuri Trust has also contributed $985K

Dunzo offers chat-based app which allows users to collaborate with people and get their work done

MakeMyTrip says it can’t be assessed for quality as it is a technology platform

CEO Deep Kalra has communicated to the tourism ministry on the issue

The tourism ministry issued the guidelines to ensure quality service delivery by OTAs