In an exchange filing on Monday, the company said its board has approved, in principle, a proposal to raise funds in one or more tranches through various routes, including a rights issue, qualified institutions placement, preferential allotment or private placement.
The New Delhi-based company did not disclose a timeline or the exact structure of the fundraise.
EaseMyTrip said the proceeds would be used to expand in segments such as hotels and holidays, while continuing investments in technology and platform enhancement. The move is also aimed at providing additional financial flexibility to pursue strategic opportunities aligned with its long-term priorities.
“As we move ahead, our priority is to make our core business even stronger while scaling the segments that are clearly showing momentum and sustainable potential,” said founder Nishant Pitti. “The proposed capital raise of up to Rs 500 crore is about being ready. It gives us the flexibility to invest at the right time, whether in technology or strategic opportunities that fit our larger vision.”
The fundraising plan comes at a time when online travel platforms such as MakeMyTrip and Ixigo are competing aggressively in the hotels and holiday packages segment, which typically offers higher margins than air ticketing.
EaseMyTrip has also been looking to diversify beyond its core air ticketing business by strengthening its presence across non-air categories. The company said it is focused on building an integrated travel ecosystem through deeper supply partnerships and technology-led efficiencies.
For the third quarter of the current fiscal year, the company reported a marginal rise in operating revenue to Rs 151.6 crore from Rs 150.5 crore a year earlier. Net profit, however, declined nearly 90% to Rs 3.4 crore.
Air ticketing contributed 64% of revenue at Rs 97.1 crore during the quarter, while hotel packages accounted for about 30.4%, contributing Rs 46.1 crore.
Shares of EaseMyTrip opened at Rs 6.5 on Monday.
