India's Online Travel Agency Yatra Wants to Convert Dormant Business Travelers to Leisure Trips
Photo Credit: Yatra wants to see more of its customer's employees booking their own holidays using its platform. Unsplash / Arash Bal
Skift Take
It's an updated version of the classic bait-and-switch, and any travel business that comes in will be welcome after the Ebix deal fell through earlier this year.
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Yatra updated potential investors on its ambitions at the LD Micro 500 Conference on September 2, ahead of posting its 2021 first-quarter results Wednesday. India's fiscal year covers April 1, 2019 to March 31, 2020. For the three months ended June 30, 2020, it reported adjusted revenue of $3.1 million, which is a decrease of 86.2% on the previous year's first quarter. It also recorded a first-quarter loss of $4.1 million (adjusted earnings before interest, taxes, depreciation, and amortization). Clearly, Yatra is anxious to tell its story to potential new investors. Next up, Yatra is taking part in in the H.C. Wainwright 22nd Annual Global Investment Conference on September 14, and the Sidoti & Co Fall 2020 Virtual Investor Confe