Losses are widening doling out discounts if anything.
Ever since makemytrip Ltd announced the purchase of Ibibo Group's traveling industry in India last October, the joint entity's evaluation has approximately doubled. $330 million was raised by the business by a clutch of investors in May. The purchase created the largest travel company of India and investors are betting that the consolidation in the industry is going to result in low cash burn.
- Status: Final