The Success Story Of MakeMyTrip Know About
Now his sole focus was his very own business. He started MakeMyTrip in 2000, which became India’s first online travel agency. Initially, it was a struggle as there was no one to guide him and he had to learn everything himself. But his hard work and determination paid off, and the company soon became a major player in the industry.
Today, MakeMyTrip is not only one of the largest online travel agencies in India, but also one of the biggest in the world. It has over 1,000 employees and a customer base of more than 10 million. Apart from India, it also operates in other countries such as the United States, the United Kingdom, and Australia.
Make My Trip Awards
MakeMyTrip has won several awards over the years, including the Economic. MakeMyTrip went public in 2010 and was listed on the NASDAQ. This was a major milestone for the company and it only served to increase its growth and reach. Today, MakeMyTrip is one of the leading online travel agencies in the world, with operations in over 200 countries. It has helped millions of travelers plan their trips and make memories that will last a lifetime.
Ramakrishnan’s story is an inspiration to all entrepreneurs out there. He started with nothing but a dream and worked hard to make it a reality. He is a true testament to the power of determination and perseverance. If he can do it, so can you! So go out there and make your dreams come true!
When did MakemyTrip start in India?
Continuing his success with MakeMyTrip, he co-founded Ibibo in 2006. Ibibo was an online travel portal that introduced the Travel Bar concept to make online travel transactions simple and secure.
In 2008, he founded GoIbibo for aggregating hotel rooms inventory of OTAs and metasearch sites across India on a common platform.
Following this in 2010, he launched RedBus which went on to become the largest bus ticketing company in India in a year.
At present, MakeMyTrip is India’s market leader when it comes to Online Travel Agencies. It has been able to maintain its lead by being very agile with its product offering and marketing strategy including using digital, social media, and radio to appeal to a large base of Indian consumers.
The Success Story Of MakeMyTrip Begins
Mayank has over 19 years of experience in the industry with exposure across multiple domains including technological, marketing, business management, strategy functions.
Earlier he was associated with companies like IBM, TCS, and Millicom International Cellular where he handled technology and marketing roles.
During his tenure with MakeMyTrip, Mayank led MakeMyTrip’s growth from a 3 employee startup to an organization of about 4500 employees across 31 countries and with revenues touching US$ 1 billion annually (FY15). He successfully launched MakeMyTrip in international markets such as Malaysia & Indonesia apart from various European countries.
In his new role, Mayank will be responsible for driving the company’s overall growth strategy and operations. Commenting on his appointment, Rajesh Magow, Co-founder & CEO, MakeMyTrip said, “We are extremely happy to have Mayank.
He is a strong leader with deep technical and operational expertise combined with an in-depth knowledge of the MakeMyTrip business. He has achieved significant milestones in his career by bringing about transformational changes within MakeMyTrip. His rich experience will play a key role in MakeMyTrip’s next phase of growth.”
MakeMyTrip revenue make my trip growth rate make my trip India growth rate of making my trip
Mayank Baggal, Chief Operating Officer at MakeMyTrip, said, “This is an exciting time for travel in India. With the growing criticality of mobile in travel planning and research, we are seeing significant traction across our mobile platforms.
We have also seen a tremendous increase in the popularity of online technologies among domestic travelers which along with the growing share of outbound trips has allowed us to strengthen our presence in this segment. Along with these changes, we will build upon our strengths and continue to scale up the business organically through the use of technology and innovation.”
MakeMyTrip has been operational for over a decade and is one of the leading online travel companies in India. In FY 2016, the company reported gross bookings of USD 1.3 billion, representing a growth of 54% year-on-year.
The company also reported an EBITDA margin of 36%. MakeMyTrip’s mobile app has been downloaded more than 20 million times and the website receives more than 45 million unique visitors each month. The company has a strong presence in both the outbound and domestic travel segments in India.
Original Source: https://arunseo.com/the-success-story-of-makemytrip-know-about/