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Funding · Commerce & Consumer Brands

EaseMyTrip plans ₹500 Cr capital raise to expand hotels and holidays segments

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Date
Company
EaseMyTrip
What it does
online travel booking platform
Kind
Funding
Amount
₹500 crore
Sector
Commerce & Consumer Brands

What they do

EaseMyTrip is an online travel booking platform that offers flights, hotels, holidays, and other travel services

What happened

The company announced a capital raise plan of up to ₹500 crore to support expansion in hotels and holidays, technology investments, and strategic opportunities

Why it matters

Co-founder Nishant Pitti pledged 34.51 crore shares worth ₹212 crore for personal use, increasing his pledged stake to 11.26% of the company's total share…

The details

  • EaseMyTrip announced a capital raise plan of up to ₹500 crore to support expansion in hotels and holidays, technology investments, and strategic opportunities.
  • The company reported a significant decline in net profit to ₹34.13 million in Q3 FY26 from ₹340.26 million in the same period of the previous year.
  • The capital raise is subject to regulatory approvals and may be structured as one or more tranches through rights issue, QIP, preferential issue, or private placement.
  • The company also incorporated a new wholly owned subsidiary, EaseMyTrip Academy Private Limited, in January 2026.
  • The financial results were impacted by exceptional items related to a General Sales Agent agreement under the government's UDAAN scheme.

The bigger picture

  • The capital raise is intended to support expansion in high-potential segments such as hotels and holidays, while enabling continued investments in technology and platform enhancement.
  • The company's net profit declined significantly in Q3 FY26, indicating the need for additional capital to sustain growth and operations.
  • Nishant Pitti's pledge of shares for personal use highlights the increased encumbrance on his holdings and may affect investor confidence.

About the business

  • EaseMyTrip is an online travel booking platform that offers flights, hotels, holidays, and other travel services.
  • The company operates in India and provides services such as flight bookings, hotel reservations, and holiday packages.
  • It also offers corporate travel programs, agent solutions, and travel rewards through its EMT Wallet.

What happens next

  • The company plans to use the raised capital for expansion in hotels and holidays, technology investments, and strategic opportunities.

The deal

Type
fund

Founders

  • Nishant Pitti, Founder & CMD

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