Hotels, Restaurants and Leisure
Company Overview of Yatra Online Private Limited
Yatra Online Private Limited, an online travel company, provides a range of travel-related services for business and leisure travels in India. It offers information, pricing, availability, and booking facility for domestic and international air travel, hotel bookings, holiday packages, and bus and railway reservations. The company enables customers to access its services through its Website, mobile optimized WAP site and applications, a 24x7 multi-lingual call center, and a network of holiday lounges and Yatra Travel Express stores. Yatra Online Private Limited was founded in 2005 and is based in Gurgaon, India.
1101, 11th Floor
Unitech Cyber Park
Sector - 39
Founded in 2005
Key Executives for Yatra Online Private Limited
Co-Founder, Chief Executive Officer and Director
Co-Founder and Chief Information Officer
Co-Founder and Chief Operating Officer of Corporate Hotels
Compensation as of Fiscal Year 2014.
Yatra Online Private Limited Key Developments
IDG Ventures Mulls IPO For Yatra.com, Newgen Software Technologies and Centre for Sight
Mar 31 15
IDG Ventures India is seeking IPO for Yatra Online Private Limited, Newgen Software Technologies Limited and Centre For Sight Pvt. Ltd. “Venture capital (VC)-funded firms, including Yatra.com , Newgen Software Technologies Ltd and Centre for Sight, are considering initial public offerings (IPOs) and have started the groundwork for possible listings in 2015-2016,” according to multiple investment bankers who have met the firms. “Yatra Online Pvt. Ltd, which runs the online travel firm Yatra.com , is among those considering a share sale and has initiated meetings with investment bankers,” said two investment bankers who have met the firm. Yatra did not respond to multiple emails sent to the company. “Delhi-based software services company Newgen Software is also looking to raise INR 4.5 billion to INR 5 billion crore from an IPO,” said one of the two investment bankers quoted above. A third banker confirmed the development. An email sent to NewGen Software went unanswered. "In the IDG Ventures portfolio we have a number of companies that can launch an IPO in the next two years. Two prominent ones include Newgen and Yatra. Newgen is slated to bring an IPO on the Indian stock market and Yatra on Nasdaq. Both have achieved rapid growth, leadership positions and scale and a highly differentiated offering in the market," said Sudhir Sethi, founder and chairman of IDG Ventures India. Sethi declined to offer details of the IPOs. The IPO is being considered as a way to fund expansion plans and also provide a part exit to existing investor Matrix Partners India. Mahipal Sachdev, Founder and Chairman of Centre for Sight, said, "While we appreciate your interest in Centre for Sight, I would wish to submit that the questions are premature and not an accurate reflection of facts. We shall keep you posted as and when we have finalised our course of action." "There is nothing finalised yet so this is premature," said Avnish Bajaj, Managing Director at Matrix Partners, in an emailed.
Yatra Online Private Limited Presents at Nomura India Corporate Day - Boston, Mar-03-2015
Feb 28 15
Yatra Online Private Limited Presents at Nomura India Corporate Day - Boston, Mar-03-2015 . Venue: Boston Harbor Hotel, Boston, Massachusetts, United States.
Reliance Capital May Sell Stake In Yatra.Com
Dec 10 14
A media report states that Reliance - ADA Group Limited may sell entire stake in Yatra Online Private Limited for INR 5 billion. "Reliance Capital, which invested INR 40 crore in Yatra.com in 2006 for a 16% stake, has now decided to exit the investment, pocketing a return of about 12 times in eight years and valuing Yatra.com at over INR 3,000 crore, or $500 million," the report said quoting unnamed sources. The report further said that Reliance aims to close the transaction in the next four to six weeks as part of its strategy to encash its minority investments to focus on its core business. Reliance Capital is in talks with 2-3 international investors, as per the media reports. The identity of the interested buyers could not be ascertained, reported Dion Global Solutions Limited. Commenting on the development, Reliance Capital spokesperson said, "We continuously evaluate opportunities to unlock the value of our minority investments to enhance shareholders value." Shares of Reliance Capital Limited (BSE:500111) climbed as much as 1.9% intraday on December 10, 2014 on the media report.
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