EaseMyTrip to Raise Rs 500 Crore for Expansion and Tech Investment

EaseMyTrip is planning to raise up to Rs 500 crore to expand its hotel and holiday segments. The funds will support technology investments and strategic opportunities, with detailed terms to be set based on market conditions. The capital raise seeks to ensure healthy and sustainable growth.

Travel tech company EaseMyTrip announced plans to raise up to Rs 500 crore to expand its footprint in high-potential areas such as hotels and holidays.

Through issuing equity shares or other eligible securities, with the approval of relevant authorities, the company aims to secure the necessary funds, possibly through multiple tranches.

The initiative is designed to facilitate strategic growth, technological advancement, and enhanced platform capabilities all while aligning with long-term business goals.

(With inputs from agencies.)