The what next question for MakeMyTrip after Ctrip
6 November, 2019•3 min
0
6 November, 2019•3 min
0
Getting your Trinity Audio player ready...
Why read this story?
Editor's note: The Competition Commission of India is looking at MakeMyTrip’s dominant position in India and whether the company has abused it. This isn’t the first time the CCI has smelt something worth investigating, but if I were you, I wouldn't worry about it a lot. MakeMyTrip has been here before and it has emerged unscathed. If you are a retail investor in the Nasdaq-listed company, I’d be more interested in what comes next in business. Shanghai-headquartered Ctrip, after a deal with South Africa’s Naspers in April, now owns just under 50% of MakeMyTrip, which currently has a market capitalization of about $2.8 billion. If the company ever dreamt of building a business outside India, this is perhaps that moment where it can piggyback on Ctrip’s global presence and experience. Independently, MakeMyTrip has been scouting the Southeast Asian market for a while now. The company’s bus business under RedBus has a tiny presence in Indonesia, Malaysia and Vietnam. It wants to do more and has said that it expects international markets to grow from 7% of its business currently to roughly 35% …
More in Internet
Internet
Brands complain of Zepto’s exploitative practices
Some companies that work with the five-year-old quick-commerce platform allege constant pressure to spend money and agree to its terms and conditions. Any attempt to question or rebut Zepto’s policies comes at a cost.
You may also like
Business
Epigamia’s Greek yogurt bet is finally paying off
A little over a decade after it was founded, the company that introduced India to Greek yogurt has pulled off a turnaround. But competition is rising fast and Epigamia can’t afford to simply rest on its laurels.
Internet
An indebted Captain Fresh seeks an IPO bailout
The seafood company solved its demand problem by aggressively buying global distributors. Now it has a financing problem that it can't solve without public money.
Internet
boAt’s best days are behind it
The consumer electronics startup jumped through the ranks to become India’s top audio and smartwatch brand. Just as quickly, the IPO-bound company appears to be losing steam and its comeback looks uncertain.