StopDownOpen the app

Stake sale · Professional & Local Services

Yatra founders explore stake sale

By ·

Date
Company
Yatra
What it does
Corporate travel services provider
Kind
Stake sale
Sector
Professional & Local Services

What they do

Yatra is India's largest corporate travel services provider

What happened

Founders are exploring a stake sale and have approached multiple suitors including Makemytrip and Ixigo

Why it matters

Founder Dhruv Shringi denied the stake sale plans, calling them baseless

The details

  • Yatra founders are exploring a stake sale.
  • They have approached Makemytrip, Paytm Travel, Rapido, Ixigo, and a private equity fund.
  • Yatra is working with advisors on the sale.
  • Suitors may submit non-binding term sheets next week.
  • Founder Dhruv Shringi denied the stake sale plans, calling them 'no substance'.
  • He said the company just reported record profits and it is 'not the right time'.

The bigger picture

  • The online travel booking market is crowded and ripe for consolidation, per an anonymous fund manager.
  • Yatra reported its most profitable year in history despite macro headwinds.
  • Q4 FY26 was affected by geopolitical disruptions and war-related uncertainty, especially in MICE travel.

About the business

  • Yatra is India's largest corporate travel services provider.
  • It is listed on the BSE and NYSE.

The deal

Type
stake-sale

Founders

  • Dhruv Shringi, Founder and Chairman
  • Manish Amin, Founder
  • Sabina Chopra, Founder

Read it as a card in the app

More on Yatra

Everything on Yatra →

Same day

All startup news on 1 June 2026 →