Brands
EaseMyTrip 2.0: Nishant Pitti plots a first-class upgrade for Indian startups
MUMBAI: Buckle up—EaseMyTrip is switching lanes. Chairman and founder Nishant Pitti has just rolled out EaseMyTrip 2.0, a turbocharged phase of growth where the travel-tech player won’t just book your holiday—it may just bankroll your next big startup.
Announced on 2 June, the move marks a bold pivot for one of India’s most profitable online travel agencies. Rather than gunning for control or swift exits, the brand’s new strategy will focus on acquiring up to 49 per cent equity in promising businesses while letting founders retain full operational control. The model? Think co-pilot, not cockpit hijack.
“We want to back founders who are building exciting businesses and not replace them,” said
Nishant Pitti. “EaseMyTrip 2.0 is about combining their vision with our platform to create real, lasting scale.”
The sectors in Pitti’s sights are as wide-ranging as a world map—from core travel segments like spiritual tourism (Ayodhya, Kedarnath, Varanasi), luxury escapes, and student travel to the more offbeat like air ambulances and intercity cabs. But there’s also a pivot to lifestyle. Wellness clinics, spa services, EMI travel payments, insurance, airport lounges and bespoke gifting are all part of the wishlist.
This is not angel investing in yoga pants. EaseMyTrip 2.0 aims to fuse scale with soul. Founders can expect working capital, access to customers, co-branded marketing, and full freedom to operate—without ceding their vision.
Entrepreneurs looking to hop aboard this flight can submit business plans, past financials and a three-year growth roadmap to vikash.goyal@easemytrip.com.
Founded in 2008, EaseMyTrip has managed to do the unthinkable in the OTA space—stay bootstrapped, profitable, and pandemic-resistant. With a 47 per cent CAGR in pre-tax profits (FY20–24), a zero-convenience-fee model, and presence in 10 global markets, the company is now ready to scale new altitudes. And this time, it wants fellow fliers.
As Pitti put it, ““We’re building an ecosystem; not just a travel company. “EaseMyTrip 2.0 is our commitment to helping India’s most promising businesses scale faster and with our expertise behind them.”
Let the startups take off.
Brands
Flipkart completes reverse flip to India ahead of IPO
Walmart-owned e-commerce giant shifts domicile from Singapore to Bengaluru
MUMBAI: Flipkart has completed its restructuring to move its parent company from Singapore back to India, marking a key milestone as the Walmart-owned marketplace prepares for a potential initial public offering on Indian stock exchanges, ET reported, citing people aware of the matter.
The move, often referred to as a “reverse flip”, relocates the company’s legal home to India and aligns its corporate structure more closely with its largest market. It also clears an important regulatory step for Flipkart as it explores listing plans.
As part of the restructuring, several Singapore-based entities have been merged into Flipkart Internet Private Limited, which will now serve as the main holding company for the entire group.
The consolidation brings a number of major businesses directly under the Indian parent company. These include fashion platform Myntra, logistics arm Ekart, travel booking platform Cleartrip, healthcare marketplace Flipkart Health, and fintech venture Super.money.
Under the new structure, global investors including Walmart, Microsoft, SoftBank, and the Canada Pension Plan Investment Board will hold their stakes directly in the Indian entity rather than through an overseas holding company.
The redomiciliation required approval from the Indian government because Chinese technology company Tencent owns around a 5 to 6 per cent stake in Flipkart. Under Press Note 3, investments from countries sharing a land border with India require prior government clearance.
Flipkart had already secured approval from the National Company Law Tribunal in December. With the latest clearance from the central government, the company has now obtained all the regulatory approvals needed to complete the relocation, ET reported earlier.
Flipkart had originally shifted its holding structure to Singapore in 2011 to tap global capital more easily. However, as India’s capital markets have matured, several start-ups have begun returning their domiciles to the country ahead of public listings. Companies such as Razorpay, Groww, and Meesho have taken similar steps.
The company is now expected to move ahead with its IPO preparations and has begun early discussions with merchant bankers. According to people familiar with the matter, Flipkart could file its draft prospectus later this year, setting the stage for what may become one of the most closely watched listings in India’s e-commerce sector.
Flipkart has been majority-owned by Walmart since 2018, when the US retail giant acquired a 77 per cent stake in the company for $16 billion in one of the largest e-commerce deals globally.
