MakeMyTrip Charts Global Expansion Route

Cofounder says growth driven by three engines: Customers, artificial intelligence, and supply

- AKSHARA SRIVASTAVA & GULVEEN AULAKH New Delhi, 17 August

Cofounder and group chief executive officer (CEO) of MakeMyTrip, told Business Standard in an exclusive interaction. "To propel growth, one of our key focuses now is geo-expansion. After entering the UAE, we want to expand into Saudi Arabia. We have also taken our bus booking platform, RedBus, to eight countries, and markets like Singapore and Malaysia are performing very well for us," he added.

The company's business-to-business segment, once a small slice of its business, is now growing at 40 per cent year-on-year (Y-o-Y), powered by myBiz, which targets small and midsized enterprises, and Quest2Travel, which focuses on large corporates. The acquisition of expense management platform Happay in November 2024 is also strengthening this segment.

"We're seeing strong momentum in corporate bookings. Clients are sticky, word-of-mouth is strong, and we're signing new accounts each quarter," Magow said.