EaseMyTrip Doubled Investors’ Money

EaseMyTrip has managed to double the money of its investors in 10 months. The travel and hospitality business managed to be profitable even in the pandemic.

The company planned its listing in March 2022 at the valuation of Rs 4,500 crore but the pandemic delayed the plan by a year. It once again planned the listing at the valuation of Rs 3,000-3,500 crore but the second wave left it with only two options, delay the initial public offering (IPO) or go for a lower valuation.

EaseMyTrip decided to go further with its plan at a lower valuation of Rs 2,000 crore. The current market cap of the company is Rs 5,600 crore. The company also faced the pressure of being the first tech startup IPO in India.

The founder of the company, Nishant Pitti, Rikant Pitti, and Prashant Pitti has said that investors have seen a 2.5x increase in the shares of the company because the company has left a lot on the table.