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MakeMyTrip Startup Story: MakeMyTrip was started in 2000 by Deep Kalra when he noticed that Indian travelers had a lot of trouble booking tickets online. At that time people were dependent on travel agents and booking tickets took a lot of time and money. To solve this problem Deep Kalra launched an online travel platform so that people could plan their travel from home.
How MakeMyTrip changed the way of traveling
MakeMyTrip made travel easier and cheaper for Indian travelers. Earlier where there were long queues for ticket booking now people can book their flights trains hotels and tour packages in just a few clicks. This platform especially benefited the youth and business travelers and gave them a reliable online service.
How MakeMyTrip’s business grew
Initially MakeMyTrip’s focus was on international travel of Indians but gradually it also focused on domestic travel services. The company also added hotel bookings holiday packages and bus services making it the largest online travel agency in the country. In 2010 the company was listed on the US Nasdaq stock exchange further strengthening its global identity.
How MakeMyTrip earns money
MakeMyTrip earns money mainly from ticket bookings hotel bookings and travel insurance. It charges commission on flight and train tickets and also earns good profits through hotel partnerships. Apart from this the company also generates revenue through advertisements and exclusive tour packages on its platform.
Future and new plans of MakeMyTrip
MakeMyTrip is no longer just a travel booking site but has become a full-fledged travel technology company. The company is now working on giving people a better travel experience using artificial intelligence and data analytics. In the coming time MakeMyTrip is focusing on its international expansion so that Indian travelers can get cheap and best travel options abroad as well.
