Trade Pulse | 2014-09-12
MAKEMYTRIP ANNOUNCES $15 MILLION INNOVATION FUND

MakeMyTrip Limited (MMYT) announced the institution of a $15 millionInnovation Fundto support early stage companies in the Travel space. The fund will focus on start-ups in Travel technology with a special focus on Mobile and IP based companies.

The Board of MMYT has approved the formation of an Investment Committee to deploy the fundsas per its discretion in various startups and mid-size companies in travel & tourism sector, or technology/ mobile companies powering this sector.The committee comprises of 6 directors including the Founder Deep Kalra and Co-Founders Rajesh Magow and Keyur Joshi.





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