Yatra (company)

In April 2012, it became the second-largest online travel service in India, with a 30 percent share of the {{INRConvert|370|b}} market for online travel-related transactions.{{cite news |title=..two important stakeholders in online travel,.. |url=http://www.business-standard.com/india/news/are-online-travel-companies-gouging-customers/472495/ |publisher=Business Standard |date=25 April 2012 |access-date=2 May 2012 |archive-date=26 April 2012 |archive-url=https://web.archive.org/web/20120426091840/http://www.business-standard.com/india/news/are-online-travel-companies-gouging-customers/472495/ |url-status=live }} It launched “holiday-cum-shopping card” with State Bank of India (SBI).{{cite news |title=Yatra.Com launches holiday-cum-shopping credit card with SBI |url=http://www.business-standard.com/india/news/yatracom-launches-holiday-cum-shopping-credit-cardsbi/162133/on |publisher=BUsiness Standard |date=2 Apr 2012 |access-date=2 May 2012 |archive-date=9 May 2012 |archive-url=https://web.archive.org/web/20120509122442/http://business-standard.com/india/news/yatracom-launches-holiday-cum-shopping-credit-cardsbi/162133/on |url-status=live }}

In September 2013, Yatra.com suffered a data breach of more than 5 million users records, exposing email and physical addresses, dates of birth and phone numbers along with both PINs and passwords stored in plain text.{{Cite web |title=Have I Been Pwned: Pwned websites |url=https://haveibeenpwned.com/PwnedWebsites |access-date=2023-06-27 |website=haveibeenpwned.com |archive-date=3 October 2015 |archive-url=https://web.archive.org/web/20151003211856/https://haveibeenpwned.com/PwnedWebsites |url-status=live }}

In November 2013, Yatra.com launched e-gift cards in collaboration with Qwikcilver.[http://www.thehindubusinessline.com/news/variety/yatracom-launches-egift-card/article5397916.ece "Yatra.com launches e-gift card"] The Hindu Business Line, 27 November 2013

In January 2016, Yatra.com appointed Vikrant Mudaliar as a chief marketing officer. He previously served as chief sales and marketing officer at Lenskart.com.[http://articles.economictimes.indiatimes.com/2016-01-20/news/69931113_1_chief-marketing-officer-general-motors-india-marketing-activities "Yatra.com hires LensKart's Vikrant Mudaliar as chief marketing officer"] {{Webarchive|url=https://web.archive.org/web/20160512183922/http://articles.economictimes.indiatimes.com/2016-01-20/news/69931113_1_chief-marketing-officer-general-motors-india-marketing-activities |date=12 May 2016 }} The Economic Times, 20 January 2016 It was publicly listed on the NASDAQ under the ticker symbol "YTRA" in December of the same year.{{Cite web|date=2016-07-14|title=Yatra.com to list on NASDAQ via reverse merger with US-based blank cheque firm|url=https://www.vccircle.com/yatra-merge-nasdaq-listed-terrapin-3-acquisition|access-date=2021-10-07|website=VCCircle|language=en-US|archive-date=7 October 2021|archive-url=https://web.archive.org/web/20211007060108/https://www.vccircle.com/yatra-merge-nasdaq-listed-terrapin-3-acquisition|url-status=live}}

In July 2019, Ebix, a US-based company, planned to acquire Yatra.com{{Cite web|url=https://www.thehindubusinessline.com/economy/logistics/us-based-ebix-buys-online-travel-portal-yatra/article28523118.ece|title=US-based Ebix buys online travel portal Yatra.com|website=@businessline|language=en|access-date=2019-07-18|archive-date=18 July 2019|archive-url=https://web.archive.org/web/20190718040016/https://www.thehindubusinessline.com/economy/logistics/us-based-ebix-buys-online-travel-portal-yatra/article28523118.ece|url-status=live}} but the acquisition was cancelled in June 2020.{{Cite web|title=Yatra's failed merger with Ebix dents the company's earnings in an already troubled quarter|url=https://www.businessinsider.in/business/news/yatra-failed-merger-with-ebix-dents-the-companys-earnings-in-an-already-troubled-quarter/articleshow/78031342.cms|access-date=2021-10-07|website=Business Insider|archive-date=7 October 2021|archive-url=https://web.archive.org/web/20211007060107/https://www.businessinsider.in/business/news/yatra-failed-merger-with-ebix-dents-the-companys-earnings-in-an-already-troubled-quarter/articleshow/78031342.cms|url-status=live}}

In June 2020, Yatra.com announced an underwritten public offering at $11.5 mn{{cite web | title=Yatra Closes $11.5 Mn Public Offering After Cancelling Ebix Merger | website=Inc42 Media | date=2020-06-25 | url=https://inc42.com/buzz/yatra-closes-11-5-mn-public-offering-after-cancelling-ebix-merger | language=la | access-date=2020-06-26 | archive-date=14 August 2020 | archive-url=https://web.archive.org/web/20200814023827/https://inc42.com/buzz/yatra-closes-11-5-mn-public-offering-after-cancelling-ebix-merger/ | url-status=live }} and laid off about 400 employees around the same time.{{cite web | title=After fall out of the deal with Ebix, Yatra lays off 400 employees | website=Entrackr | date=2020-06-23 | url=https://entrackr.com/2020/06/yatra-lays-off-400-employees-covid-19/ | access-date=2020-06-26 | archive-date=28 June 2022 | archive-url=https://web.archive.org/web/20220628122449/https://entrackr.com/2020/06/yatra-lays-off-400-employees-covid-19/ | url-status=live }}

In June 2021, Yatra collaborated with Oyo Rooms, Airbnb, and EaseMyTrip to form the Confederation of Hospitality, Technology and Tourism Industry (CHATT), an industry body for the tourism sector of India.{{Cite news|last=Alawadhi|first=Neha|date=2021-06-09|title=CHATT: New association announced, will help tourism, hospitality with tech|work=Business Standard India|url=https://www.business-standard.com/article/economy-policy/new-association-announced-will-help-tourism-and-hospitality-with-tech-121060900576_1.html|access-date=2021-10-07|archive-date=7 October 2021|archive-url=https://web.archive.org/web/20211007054302/https://www.business-standard.com/article/economy-policy/new-association-announced-will-help-tourism-and-hospitality-with-tech-121060900576_1.html|url-status=live}}

In 2023, Yatra Online listed on the Indian stock exchanges after its initial public offering.{{cite news |title=Yatra Online's IPO opens for subscription on September 15 |url=https://timesofindia.indiatimes.com/business/markets/ipo/yatra-onlines-ipo-opens-for-subscription-on-september-15/articleshow/103653973.cms |access-date=28 September 2023 |work=The Times of India |date=14 September 2023 |archive-date=18 September 2023 |archive-url=https://web.archive.org/web/20230918152523/https://timesofindia.indiatimes.com/business/markets/ipo/yatra-onlines-ipo-opens-for-subscription-on-september-15/articleshow/103653973.cms |url-status=live }}

Yatra made three acquisitions: ticket consolidator Travel Services International (TSI) in October 2010,{{Cite news |date=2012-08-30 |title=Yatra.com to go for more acquisitions, aims Rs 7k crore revenue in next 5 years |url=https://economictimes.indiatimes.com/industry/services/travel/yatra-com-to-go-for-more-acquisitions-aims-rs-7k-crore-revenue-in-next-5-years/articleshow/15999673.cms?from=mdr |access-date=2024-09-08 |work=The Economic Times |issn=0013-0389}} global distribution system provider Magicdom{{Cite web |title=Yatra Online Inc Share Price, YTRA Stock Price Quote Today |url=https://groww.in/us-stocks/ytra |access-date=2024-09-08 |website=Groww |language=en}} and Indian events and entertainment portal BuzzInTown.{{Cite web |last= |first= |date=2012-01-09 |title=Yatra acquires events and entertainment portal Buzzintown.com |url=https://www.afaqs.com/news/digital/32692_yatra-acquires-events-and-entertainment-portal-buzzintowncom |access-date=2024-09-08 |website=afaqs! |language=en}} All were acquired for undisclosed amounts.[http://www.afaqs.com/news/story/32692_Yatra-acquires-events-and-entertainment-portal-Buzzintown.com Yatra acquires events and entertainment portal Buzzintown.com] {{Webarchive|url=https://web.archive.org/web/20160304142735/http://www.afaqs.com/news/story/32692_Yatra-acquires-events-and-entertainment-portal-Buzzintown.com |date=4 March 2016 }} afaqs.com.{{cite web|url=http://www.exchange4media.com/44892_yatra-com-acquires-events-portal-buzzintown-com.html|title=Yatra.com acquires events portal Buzzintown.com|access-date=3 February 2016|archive-date=19 February 2014|archive-url=https://web.archive.org/web/20140219014931/http://www.exchange4media.com/44892_yatra-com-acquires-events-portal-buzzintown-com.html|url-status=dead}} In July 2012, Yatra.com acquired a 100% stake in Travelguru.{{cite web |title=Yatra.com acquires 100 percent stake in Travelguru |url=http://www.afaqs.com/news/story/34581_Yatracom-acquires-100-percent-stake-in-Travelguru |work=afaqs.com |publisher=afaqs! |location=Noida, India |date=2012-07-02 |access-date=2016-05-16 |author=afaqs! news bureau |archive-date=28 May 2016 |archive-url=https://web.archive.org/web/20160528161114/http://www.afaqs.com/news/story/34581_Yatracom-acquires-100-percent-stake-in-Travelguru |url-status=live }} In 2016, Yatra.com {{cite news |title=Lack Of Cash Flow, Demand For Refunds Hit Indian OTA Segment |url=https://inc42.com/buzz/lack-of-cash-flow-demand-for-refunds-hit-indian-ota-segment/ |work=Inc42 Media |date=12 May 2020 |access-date=19 May 2020 |archive-date=6 June 2020 |archive-url=https://web.archive.org/web/20200606205930/https://inc42.com/buzz/lack-of-cash-flow-demand-for-refunds-hit-indian-ota-segment/ |url-status=live }} acquired-hired Mumbai-based Travel-logs.in, which specializes in customized city walks and private tours.[http://articles.economictimes.indiatimes.com/2016-01-20/news/69931294_1_yatra-com-tours-travel-firm "Yatra acqui-hires travel-logs to boost tours within cities"] {{Webarchive|url=https://web.archive.org/web/20160530152711/http://articles.economictimes.indiatimes.com/2016-01-20/news/69931294_1_yatra-com-tours-travel-firm |date=30 May 2016 }} The Economic Times, 20 January 2016

In September 2024, Yatra announced the acquisition of Globe Travels for Rs 128 crore to strengthen its leadership in the corporate travel sector.{{cite web|url=https://www.outlookbusiness.com/start-up/news/yatra-online-to-acquire-globe-travels-for-rs-128-crore-expanding-corporate-travel-reach |title=Yatra Online to Acquire Globe Travels for Rs 128 Crore, Expanding Corporate Travel Reach |work=Outlook |access-date=3 September 2024}}

• Yatra partners with Amazon Business to cater to Hospitality Partners, Aug 2020.{{Cite news |last=Chaturvedi |first=Anumeha |date=2020-08-19 |title=Yatra.com partners with Amazon Business to cater to Hospitality Partners |url=https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/yatra-com-partners-with-amazon-business-to-cater-to-hospitality-partners/articleshow/77636150.cms?from=mdr |access-date=2024-05-06 |work=The Economic Times |issn=0013-0389}}

Early investors included Reliance Venture Asset Management Ltd,{{cite web |title=Our Portfolio |url=http://www.relianceventure.com/portfolio.html |publisher=Reliance Venture |access-date=2 May 2012 |archive-date=3 May 2012 |archive-url=https://web.archive.org/web/20120503164226/http://www.relianceventure.com/portfolio.html |url-status=live }} Web18 of Network18 Group (a subsidiary of Reliance Industries), Norwest Venture Partners and Intel Capital.{{cite web|url=http://www.yatra.com/our-investors.html|title=Yatra Investors - Yatra.com|work=Yatra.com|access-date=3 February 2016|archive-date=6 June 2015|archive-url=https://web.archive.org/web/20150606201139/http://www.yatra.com/our-investors.html|url-status=live}} In April 2011, it announced funding of {{INRConvert|2|b}} from investors including Valiant Capital Management, Norwest Venture Partners (NVP) under Promod Haque's management and Intel Capital.{{cite news |title=Yatra.com receives Rs 200 crores in funding to fuel growth |url=http://www.afaqs.com/news/company_briefs/index.html?id=48841_Yatra.com+receives+Rs+200+crores+in+funding+to+fuel+growth |publisher=afaqs |date=20 April 2011 |access-date=29 April 2012 |archive-date=25 September 2018 |archive-url=https://web.archive.org/web/20180925180711/http://www.afaqs.com/news/company_briefs/index.html?id=48841_Yatra.com%20receives%20Rs%20200%20crores%20in%20funding%20to%20fuel%20growth |url-status=dead }}

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• {{Official website|http://www.yatra.com/|name=Company homepage}}{{Finance links|name=Yatra Online, Inc.|symbol=|sec_cik=|yahoo=YTRA|google=YTRA}}

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Category:Companies based in Haryana

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Category:2006 establishments