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Yatra Online Keen On Raising 9 Mn Shares Worth $ 50 Mn

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Yatra Online Raising,Startup Stories,Startup News India,Inspiring Stories,Latest Business News 2018,Yatra Online Plans to Raise 9 Mn Shares,Yatra Online Shares,Yatra Online Latest Business News,Largest Online Travel Agent Yatra,Yatra Online CEO

Yatra Online which is one of the leading online travel companies of India announced its plans to launch a public offering of ordinary shares. The company revealed its plans to sell an enormous nine million ordinary shares of the company as it is keen on raising an estimated $ 50 million (Rs. 332.6 crores,) specifically for its business development. All the ordinary shares would be sold in the offering by Yatra. Ordinary shares are basically the shares in a company that are owned by people who have a right to vote in the company’s meetings. The shareholders receive a part of the company’s profits after the holders of preference shares have been paid. In addition, Yatra expects to grant the underwriters a 30 day option for the purchase of its ordinary shares. In a statement filed with the US Securities and Exchange Commission (SEC,) the Nasdaq listed Online Travel Agency (OTA) said it plans to use the earnings from the public market sale of shares toward general corporate and business purposes.

The announcement comes a month after Yatra filed a shelf registration statement with the US Securities and Exchange Commission, stating its target to raise $ 100 million over a span of three years . Last year, the company had filed an offer for sale of shares in order to raise $ 60 million.

The CFO of Yatra.com Alok Vaish said this is a universal shelf or an enabling filing which allows us to raise funds up to $100 mn, if required, over a period of next 3 years. The security could be equity, debt, preferred shares etc. However, currently, we are well funded and this filing will enable us to raise more funds at the right time to increase our capital base further.

At present, Yatra.com is the second largest online travel agent company in India. Based in Gurugram, India, Yatra is a one stop shop for all travel related services. It provides information, pricing, availability and booking facility for domestic and international air travel, domestic and international hotel bookings, packages, buses, trains and many more. Yatra Online is currently aligned with more than 70,000 hotels in India. Alongside, Yatra holds nearly 800,000 hotels across the globe. This famous OTA is backed by IDG Ventures, Vertex Venture Management, Norwest Venture Partners among other investors.

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Dunzo Gets Breather as NCLT Rejects Insolvency Petition from Invoice Discounters

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Dunzo

The National Company Law Tribunal (NCLT) Bengaluru bench has dismissed an insolvency plea filed against quick commerce startup Dunzo by its invoice discounters, declaring the petition “not maintainable” after several postponements. This decision offers temporary relief to Dunzo, which has been facing multiple insolvency petitions from various creditors, including Velvin Packaging Solutions and Betterplace Safety Solutions, over unpaid dues.

The invoice discounters alleged that Dunzo had paid only 50% of the required amounts, though the exact sum was not disclosed. Despite ongoing settlement talks, no resolution was reached, and the tribunal noted Dunzo’s delays in responding to creditor petitions. Dunzo continues to grapple with severe liquidity issues, delayed payments, and significant losses—reporting a ₹1,801.8 crore loss in FY23 and owing approximately ₹11.4 crore to major vendors like Google India and Facebook India.

While this NCLT ruling provides Dunzo some breathing room, the company still faces ongoing financial and operational challenges as it works to resolve its outstanding liabilities.

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How a Golden Retriever Became the Heart and Soul of a Hyderabad Startup’s Workplace

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Golden Retriever in workplace

Hyderabad-based startup Harvesting Robotics has won hearts online by appointing a golden retriever named Denver as its Chief Happiness Officer (CHO). Denver, introduced by co-founder Rahul Arepaka in a viral LinkedIn post, has quickly become the star of the office, spreading joy and boosting morale among employees. The company is now officially pet-friendly, a move Arepaka calls their “best decision.”

Denver’s new role has sparked widespread attention, with thousands liking and commenting on the announcement. Many see Denver’s presence as more than just a cute story—it highlights a growing trend of pet-friendly workplaces that prioritize employee well-being and happiness. As companies increasingly focus on holistic wellness, Denver’s appointment shows that sometimes, a wagging tail is the best way to brighten the workday.

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Info Edge Shareholders Approve ₹1,000 Crore Investment in New Venture Fund

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Info Edge

Info Edge (India) Ltd shareholders have overwhelmingly approved an investment of up to ₹1,000 crore in the company’s third venture capital fund, Info Edge Ventures Fund III. The proposal received near-unanimous backing, with 99.9995% of valid votes in favor out of 1,274 participants.

Smartweb Internet Services Ltd, a wholly owned Info Edge subsidiary, will act as sponsor and investment manager for the new fund. This move strengthens Info Edge’s commitment to backing early-stage startups and expanding its footprint in India’s venture capital landscape.

Info Edge has a strong track record as an early investor in leading Indian startups like Zomato and PB Fintech, with combined holdings in these firms valued at ₹31,500 crore ($3.7 billion) as of March 31, 2025.

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