MakeMyTrip India Pvt. Ltd an Indian arm of Mauritius-based parent entity MakeMyTrip has received Rs 100 crore from the Mauritius-based entity. This investment is the third tranche of MakeMyTrip in its Indian subsidiary.
According to Registrar of Companies filings with MCA Mauritius-based entity also poured in Rs 73 crore in November and Rs 138 crore in August 2018. MakeMyTrip India is planning to use raised amount in developing and expanding its services to give tough competition to its
Rival Yatra. Go-MMT (goibibo plus MakeMyTrip) is a leader in both hotel bookings and air ticketing sector. Exclusive partnership with SoftBank-backed OYO has been powering supply side for the Gurugram-based behemoth.