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EaseMyTrip eyes ₹1,000 crore fundraise
Mint Mumbai
|January 13, 2024
Online travel platform EaseMyTrip aims to raise ₹1,000 crore within the next 3-4 months in order to largely focus on inorganic growth of the company in businesses unrelated to aviation sector, co-founder Prashant Pitti told Mint.
"This would be the first time the company would be taking any external capital. Till today, the company is bootstrapped. We are in the process of empanelling bankers to start the fund-raising. We already have a couple of investors who have shown interest. We expect this to happen over the next 3-4 months," Pitti said.
Earlier this month, the company board gave an in-principle approval for raising funds of up to ₹1,000 crore through a combination of preferential issue of equity shares along with warrants.
This story is from the January 13, 2024 edition of Mint Mumbai.
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