Stake sale · Commerce & Consumer Brands

Cofounder pledges 8.66% stake worth ₹211.9 Cr

By Startup Enthusiast · 11 September 2026

What they do

Cofounder Nishant Pitti pledged 34.51 crore shares (8.66% of total capital) to Motilal Oswal for personal use

Pitti's stake in EaseMyTrip fell from 28.13% at end of FY25 to 12.8% at end of FY26

The pledge follows a string of stake sales and losses; the company recently approved a ₹500 Cr rights issue

Cofounder Nishant Pitti pledged 34.51 crore shares of EaseMyTrip to Motilal Oswal Financial Services on 24 August 2026.
The pledged shares are worth ₹211.9 crore and represent 8.66% of the company's total share capital.
The security cover ratio is 1:1, meaning the loan value equals the share value.
The pledge is for the promoter's personal use, not for the company's benefit.
After this pledge, 98.89% of Pitti's individual holding is encumbered (pledged).
Pitti's total pledged shares now stand at 44.87 crore shares (11.26% of total capital), unchanged from April 2026, suggesting a restructuring of earlier pledges.
Pitti had earlier pledged shares to Motilal Oswal in March 2026 (6.86 Cr shares worth ~₹55 Cr) and June 2025 (9 Cr shares worth ₹94.5 Cr).
He also sold nearly 5 crore shares worth ₹78.3 Cr in December 2024 and 24.65 crore shares for ~₹920 Cr in September 2024.

Pitti's stake in EaseMyTrip fell from 28.13% at end of FY25 to 12.8% at end of FY26.
The company posted a net loss of ₹11.7 crore in Q1 FY27, compared to a net profit of ₹44 lakh in Q1 FY26.
For FY26, the company reported a loss of ₹47.5 crore versus a profit of ₹108.6 crore in FY25.
The stock hit a 52-week low of ₹5.73 on 11 September 2026, down about 72% over one year.
The board approved a rights issue of up to ₹500 crore in May 2026 to strengthen technology and expand into hotels and holidays.

EaseMyTrip is an online travel aggregator founded in 2008 and listed in 2021.
It operates a zero-convenience-fee model for bookings.
It offers flights, hotels, holidays, bus, train, cabs, activities, and visa services.
The platform has access to more than 400 airlines and ~2.9 million hotels globally.
It provides specialised products: EMTMate (agent tool), EMTDesk (corporate travel), EMTRoyale (prime membership), EMTPro (membership), EasyDarshan (spiritual tours), EasyEloped (romantic getaways), and Gift Cards.
Customer support is available via phone (011-43131313, 43030303) and email (care@easemytrip.com).
The service is available in India, UAE, UK, Thailand, and US, supporting multiple currencies and languages including English, Hindi, Bengali, Gujarati, Marathi, Punjabi, Tamil, Telugu, Urdu, and Arabic.

The company plans to raise up to ₹500 crore through a rights issue approved in May 2026.
Funds will be used to strengthen technology and platform, expand into hotels and holidays, and pursue strategic acquisitions.
EaseMyTrip 2.0 strategy includes Agentic AI capabilities for proactive travel discovery and servicing.
It launched ReSave, a flight-booking add-on in August 2026 that tracks fares after booking and returns eligible savings.

Motilal Oswal Financial Services (pledgee) — Financial services firm that accepted the pledged shares as collateral.