According to the company, it plans to offer its shares for sale in the second half of 2019. Following this, the founders are expecting the business to value around $844.3 Mn (INR 6,000 Cr) and $1.05 Bn (INR 7 500 Cr ).
Banks such as State Bank of India, Kotak Mahindra, and ICICI may be mandated for the listing process.
Last year, the company also announced that it is expecting a growth of 10X in transaction value coming from hotel booking by end of the financial year 2018-19. It is planning to increase its revenue by focusing on non-air products like hotels and bus booking.
In the financial year ending on March 2018, the company has achieved a turnover of around $323.7 Mn (INR 2300 Cr) with an increment of around 10-12% over previous year through air tickets being its major product.
Read more here
Join us in Bangkok the 19th to the 21st of March for the Property Portal Watch Conference.