Yatra (company)

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Yatra
Company type
Public
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HeadquartersGurgaon, Haryana, India
Key people
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  • Dhruv Shringi (CEO)
  • Manish Amin (CIO)
  • Yumnam Prabhakar Singh (COO - Corporate Hotels)
ProductsFlights, hotels, holidays, trains, buses
ServicesTravel booking
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Number of employees
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Websitewww.yatra.com

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Yatra is an Indian online travel agency and travel search engine.

History

Yatra.com was founded by Dhruv Shringi, Manish Amin and Sabina Chopra in August 2006.[3]

Early investors included Reliance Venture Asset Management Ltd,[4] Web18 of Network18 Group (a subsidiary of Reliance Industries), Norwest Venture Partners and Intel Capital.[5] In April 2011, it announced funding of ₹2 billion (Template:INRConvert/HistoricalRate/Formatted) from investors including Valiant Capital Management, Norwest Venture Partners (NVP) under Promod Haque's management and Intel Capital.[6]

In April 2012, it became the second-largest online travel service in India, with a 30 percent share of online travel-related transactions.[7] It launched “holiday-cum-shopping card” with State Bank of India (SBI).[8]

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.[9]

In November 2013, Yatra.com launched e-gift cards in collaboration with Qwikcilver.[10]

In December 2016, Yatra.com was publicly listed on the NASDAQ under the ticker symbol "YTRA".[11]

In July 2019, Ebix, a US-based company, planned to acquire Yatra.com[12] but the acquisition was cancelled in June 2020.[13]

In June 2020, Yatra.com announced an underwritten public offering at $11.5 mn[14] and laid off about 400 employees around the same time.[15]

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.[16]

In 2023, Yatra Online listed on the Indian stock exchanges after its initial public offering.[17]

Acquisitions

Yatra acquired ticket consolidator Travel Services International (TSI) in October 2010,[18] global distribution system provider Magicdom[19] and Indian events and entertainment portal BuzzInTown.[20] All were acquired for undisclosed amounts.[21][22] In July 2012, Yatra.com acquired a 100% stake in Travelguru.[23] In 2016, Yatra.com [24] acquired-hired Mumbai-based Travel-logs.in, which specializes in customized city walks and private tours.[25]

In September 2024, Yatra announced the acquisition of corporate travel company Globe Travels for ₹128 crore.[26]

References

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  1. ^ Page Module:Citation/CS1/styles.css has no content.Saha, Pradip Kumar (30 June 2017). "Manish Amin: The travel troubleshooter". Mint. Retrieved 7 June 2024.
  2. ^ a b c Page Module:Citation/CS1/styles.css has no content."FINANCIAL PERFORMANCE Q4-FY24/FY24" (PDF). BSE. Yatra Online. Retrieved 7 June 2024.
  3. ^ Page Module:Citation/CS1/styles.css has no content.Jagmohan Bhanver; Komal Bhanver (25 March 2017). CLICK!: The Amazing Story of India's E-commerce Boom and Where It's Headed. Hachette India. pp. 69–. ISBN 978-93-5195-028-8. Archived from the original on 15 September 2020. Retrieved 16 December 2020.
  4. ^ Page Module:Citation/CS1/styles.css has no content."Our Portfolio". Reliance Venture. Archived from the original on 3 May 2012. Retrieved 2 May 2012.
  5. ^ Page Module:Citation/CS1/styles.css has no content."Yatra Investors - Yatra.com". Yatra.com. Archived from the original on 6 June 2015. Retrieved 3 February 2016.
  6. ^ Page Module:Citation/CS1/styles.css has no content."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.
  7. ^ Page Module:Citation/CS1/styles.css has no content."..two important stakeholders in online travel,." Business Standard. 25 April 2012. Archived from the original on 26 April 2012. Retrieved 2 May 2012.
  8. ^ Page Module:Citation/CS1/styles.css has no content."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.
  9. ^ Page Module:Citation/CS1/styles.css has no content."Have I Been Pwned: Pwned websites". haveibeenpwned.com. Archived from the original on 3 October 2015. Retrieved 27 June 2023.
  10. ^ "Yatra.com launches e-gift card" The Hindu Business Line, 27 November 2013
  11. ^ Page Module:Citation/CS1/styles.css has no content."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.
  12. ^ Page Module:Citation/CS1/styles.css has no content."US-based Ebix buys online travel portal Yatra.com". @businessline. Archived from the original on 18 July 2019. Retrieved 18 July 2019.
  13. ^ Page Module:Citation/CS1/styles.css has no content."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.
  14. ^ Page Module:Citation/CS1/styles.css has no content."Yatra Closes $11.5 Mn Public Offering After Cancelling Ebix Merger". Inc42 Media (in Latina). 25 June 2020. Archived from the original on 14 August 2020. Retrieved 26 June 2020.
  15. ^ Page Module:Citation/CS1/styles.css has no content."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.
  16. ^ Page Module:Citation/CS1/styles.css has no content.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.
  17. ^ Page Module:Citation/CS1/styles.css has no content."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.
  18. ^ Page Module:Citation/CS1/styles.css has no content."Yatra.com to go for more acquisitions, aims Rs 7k crore revenue in next 5 years". The Economic Times. 30 August 2012. ISSN 0013-0389. Retrieved 8 September 2024.
  19. ^ Page Module:Citation/CS1/styles.css has no content."Yatra Online Inc Share Price, YTRA Stock Price Quote Today". Groww. Retrieved 8 September 2024.
  20. ^ Page Module:Citation/CS1/styles.css has no content."Yatra acquires events and entertainment portal Buzzintown.com". afaqs!. 9 January 2012. Retrieved 8 September 2024.
  21. ^ Yatra acquires events and entertainment portal Buzzintown.com Script error: No such module "webarchive". afaqs.com.
  22. ^ Page Module:Citation/CS1/styles.css has no content."Yatra.com acquires events portal Buzzintown.com". Archived from the original on 19 February 2014. Retrieved 3 February 2016.
  23. ^ Page Module:Citation/CS1/styles.css has no content.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.
  24. ^ Page Module:Citation/CS1/styles.css has no content."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.
  25. ^ "Yatra acqui-hires travel-logs to boost tours within cities" Script error: No such module "webarchive". The Economic Times, 20 January 2016
  26. ^ Page Module:Citation/CS1/styles.css has no content."Yatra Online to Acquire Globe Travels for Rs 128 Crore, Expanding Corporate Travel Reach". Outlook. Retrieved 3 September 2024.

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