Yatra (company)
Gurugram, Haryana, India | |
Products | Flights, hotels, holidays, trains, buses |
---|---|
Services | Travel booking |
Revenue | ₹380 crore (US$48 million) (FY23)[1] |
₹7.6 crore (US$950,000) (FY23)[1] | |
Website | www |
Yatra.com is an Indian online
History
In April 2012, it became the second-largest online travel service in India, with a 30 percent share of the ₹370 billion (US$4.6 billion) market for online travel-related transactions.[3] It launched “holiday-cum-shopping card” with State Bank of India (SBI).[4]
In September 2013, Yatra.com suffered a data breach of more than 5 million users records, exposing email and physical addresses, dates of birth and phone numbers along with both PINs and passwords stored in plain text.[5]
In November 2013, Yatra.com launched e-gift cards in collaboration with Qwikcilver.[6]
In January 2016, Yatra.com appointed Vikrant Mudaliar as a chief marketing officer. He previously served as chief sales and marketing officer at Lenskart.com.
In July 2019, Ebix, a US-based company, planned to acquire Yatra.com[9] but the acquisition was cancelled in June 2020.[10]
In June 2020, Yatra.com announced an underwritten public offering at $11.5 mn[11] and laid off about 400 employees around the same time.[12]
In June 2021, Yatra collaborated with Oyo Rooms, Airbnb, and EaseMyTrip to form the Confederation of Hospitality, Technology and Tourism Industry (CHATT), an industry body for the tourism sector of India.[13]
In October 2023 : Yatra.com posts Q2 profit at Rs 5.99 crore, revenue up 23.9% on-year[14]
Acquisitions
Yatra.com made three acquisitions: ticket consolidator Travel Services International (TSI) in October 2010, global distribution system provider Magicdom and Indian events and entertainment portal BuzzInTown. All were acquired for undisclosed amounts.[15][16] In July 2012, Yatra.com acquired a 100% stake in Travelguru.[17] In 2016, Yatra.com [18] acquired-hired Mumbai-based Travel-logs.in, which specializes in customized city walks and private tours.[19]
Investors
Early investors included Reliance Venture Asset Management Ltd,
References
- ^ a b "Yatra Online's IPO opens for subscription on September 15". The Times of India. 14 September 2023. Archived from the original on 18 September 2023. Retrieved 28 September 2023.
- ISBN 978-93-5195-028-8. Archivedfrom the original on 15 September 2020. Retrieved 16 December 2020.
- ^ "..two important stakeholders in online travel,." Business Standard. 25 April 2012. Archived from the original on 26 April 2012. Retrieved 2 May 2012.
- ^ "Yatra.Com launches holiday-cum-shopping credit card with SBI". BUsiness Standard. 2 April 2012. Archived from the original on 9 May 2012. Retrieved 2 May 2012.
- haveibeenpwned.com. Archivedfrom the original on 3 October 2015. Retrieved 27 June 2023.
- ^ "Yatra.com launches e-gift card" The Hindu Business Line, 27 November 2013
- ^ "Yatra.com hires LensKart's Vikrant Mudaliar as chief marketing officer" Archived 12 May 2016 at the Wayback Machine The Economic Times, 20 January 2016
- ^ "Yatra.com to list on NASDAQ via reverse merger with US-based blank cheque firm". VCCircle. 14 July 2016. Archived from the original on 7 October 2021. Retrieved 7 October 2021.
- ^ "US-based Ebix buys online travel portal Yatra.com". @businessline. Archived from the original on 18 July 2019. Retrieved 18 July 2019.
- ^ "Yatra's failed merger with Ebix dents the company's earnings in an already troubled quarter". Business Insider. Archived from the original on 7 October 2021. Retrieved 7 October 2021.
- ^ "Yatra Closes $11.5 Mn Public Offering After Cancelling Ebix Merger". Inc42 Media (in Latin). 25 June 2020. Archived from the original on 14 August 2020. Retrieved 26 June 2020.
- ^ "After fall out of the deal with Ebix, Yatra lays off 400 employees". Entrackr. 23 June 2020. Archived from the original on 28 June 2022. Retrieved 26 June 2020.
- ^ Alawadhi, Neha (9 June 2021). "CHATT: New association announced, will help tourism, hospitality with tech". Business Standard India. Archived from the original on 7 October 2021. Retrieved 7 October 2021.
- ^ "Yatra.com posts Q2 profit at Rs 5.99 crore, revenue up 23.9% on-year". Financialexpress. 16 October 2023. Archived from the original on 24 October 2023. Retrieved 30 November 2023.
- ^ Yatra acquires events and entertainment portal Buzzintown.com Archived 4 March 2016 at the Wayback Machine afaqs.com.
- ^ "Yatra.com acquires events portal Buzzintown.com". Archived from the original on 19 February 2014. Retrieved 3 February 2016.
- ^ afaqs! news bureau (2 July 2012). "Yatra.com acquires 100 percent stake in Travelguru". afaqs.com. Noida, India: afaqs!. Archived from the original on 28 May 2016. Retrieved 16 May 2016.
- ^ "Lack Of Cash Flow, Demand For Refunds Hit Indian OTA Segment". Inc42 Media. 12 May 2020. Archived from the original on 6 June 2020. Retrieved 19 May 2020.
- ^ "Yatra acqui-hires travel-logs to boost tours within cities" Archived 30 May 2016 at the Wayback Machine The Economic Times, 20 January 2016
- Reliance Venture. Archivedfrom the original on 3 May 2012. Retrieved 2 May 2012.
- ^ "Yatra Investors - Yatra.com". Yatra.com. Archived from the original on 6 June 2015. Retrieved 3 February 2016.
- ^ "Yatra.com receives Rs 200 crores in funding to fuel growth". afaqs. 20 April 2011. Archived from the original on 25 September 2018. Retrieved 29 April 2012.
External links
- Company homepage
- Business data for Yatra Online, Inc.: