EaseMyTrip plans to raise ₹500 crore to scale hotels, holidays business; shares jump 12%

EaseMyTrip on Monday said it plans to raise up to ₹500 crore to fund expansion in high-growth segments such as hotels and holidays.

The Board has approved, in principle, a proposal to raise funds through issuance of equity shares and/or other eligible securities, subject to regulatory and shareholder approvals, the online travel-tech platform said.

The company said the capital will be deployed to scale key growth areas, strengthen its balance sheet and provide flexibility to pursue long-term business priorities.

"The proposed capital raise of up to ₹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. We are clear that growth has to be healthy and sustainable,” EaseMyTrip founder and chairman Nishant Pitti said.

“We have built this company by staying focused on the basics and thinking long term. 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,” he added.

According to the company, the fund raise may be executed in one or more tranches through permissible routes under applicable law, including rights issue, qualified institutions placement (QIP), preferential issue or private placement.

The final size, structure and timing will be decided in line with market conditions and regulatory requirements, the firm stated.

“EaseMyTrip continues to strengthen its position as a diversified travel platform with a balanced presence across air and non-air categories,” EaseMyTrip said.

“The company is focused on building an integrated travel ecosystem through deeper supply partnerships, technology-led efficiencies, and expanded offerings, contributing to the evolving tourism infrastructure while maintaining a long-term value creation focus,” it added.

The shares of EaseMyTrip jumped more than 12% on Monday and were trading at around ₹7.44 apiece at 1pm.