Behind a successful entrepreneur is a mentor

entrepreneur2A good idea and the zeal to start up is not all that makes successful entrepreneurs. Finding investors doesn’t complete the story either. Having a good mentor to lean on at times when one has more questions than answers, when doubts cast a shadow on the soaring enthusiasm, when one wants to celebrate but wonders […]

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MakeMyTrip hotel bookings jump four-fold in Q1 but losses climb

Make_my_tripIndia’s largest online travel agency MakeMyTrip Ltd has reported 54.5% rise in net revenues (62.6% in constant currency) for the first quarter over the year-ago period powered by sharp jump in hotels & packages bookings. The NASDAQ-listed firm’s net revenues rose to $58.86 million fuelled by 80.8% (89.8% in constant currency) rise in net revenues […]

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MakeMyTrip to pick 28% stake in HolidayIQ for $15M

India’s top online travel agency MakeMyTrip will buy around 28 per cent stake in Indian travel community and holidays-planning recommendation engine HolidayIQ for $15 million (Rs 95 crore), it said on Wednesday. The transaction, which is scheduled to complete this month, values HolidayIQ at around $55 million (Rs 340 crore). The strategic investment will enable […]

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MakeMyTrip invests in travel planning startup Inspirock; 40% of traffic, 22% of bookings on mobile in Q4

The country’s top online travel agency MakeMyTrip Ltd has acquired 18 per cent stake inInspirock Inc, an online planning tool for developing customisable itineraries, the company has said. The deal was done through MakeMyTrip’s Innovation Fund, which was formed to invest up to $3 million in startups or early-stage companies in the travel technology space. […]

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