New Delhi, February 16 Travel tech platform EaseMyTrip announced on Monday that it plans to raise up to ₹500 crore in capital to support expansion across high-potential segments, particularly in hotels and holidays.
The Board has approved, in principle, a proposal to raise funds through the issuance of equity shares and/or other eligible securities, subject to requisite approvals, EaseMyTrip stated.
The fundraising may be undertaken in one or more tranches through permissible modes under applicable law, including a rights issue, qualified institutions placement (QIP), preferential issue, private placement or other approved methods, subject to regulatory and shareholder approvals.
Detailed terms including size, structure, and timing will be determined at an appropriate stage in accordance with applicable regulations and market conditions, EaseMyTrip stated.
The proposed capital raise is intended to support EaseMyTrip's expansion across high-potential segments, particularly in hotels and holidays, while also enabling continued investments in technology, platform enhancement, and strategic opportunities aligned with its long-term business priorities, it added.
The move is aimed at providing more flexibility to execute growth initiatives while maintaining a disciplined approach to capital allocation, the company said.
Nishant Pitti, Founder & CMD of EaseMyTrip, said: "The proposed capital raise of up to ₹500 crore is about being prepared. It gives us the flexibility to invest at the right time, whether in technology or strategic opportunities that fit our larger vision. We are clear that growth has to be healthy and sustainable".