Yatra CEO Says an India IPO Will Help Finance Future Acquisitions
Photo Credit: Tourists at a temple in Jaipur. pixabay / D Mz
Skift Take
A listing on the Indian bourses for Nasdaq-listed Yatra would also help the online travel agency to partner with companies who may not have been comfortable with an overseas structure.
Buoyed by a travel recovery that has pushed online travel firm Yatra towards its best quarter yet since the onset of Covid, co-founder and CEO Dhruv Shringi is hopeful of launching the company’s initial public offering by the end of this year.
Even as Yatra looks at an October-December time frame for it go public, the company is largely dependent on the regulatory processes. “If the regulatory clearance comes in the near term it will just expedite the process for us,” Shringi said while talking to Skift.
The money from the listing would be used primarily for expansion, Shringi said, adding "the company would also be investing in technology and in increasing its workforce on the sales side for customer acquisition."
Yatra has also earmarked some of the proceeds for acquisitions — the company last acquired the corporate travel business of PL Worldways (PLW), an India-based company, in 2019. Yatra had also acquired Air Travel Bureau — one of India's largest inde
