MakeMyTrip has filed with US regulators for an IPO and plans to raise $100 mn from the offering.
We earlier mentioned that MMT was planning to file an IPO in 2009 itself, but the bad economy probably resulted in the delay.
MMT Funding Story
So far, MMT has raised closed to $40mn investment.
- Raised $1 mn in the seed round (eVentures),
- $10 million in Series A (SAIF partners),
- $13 million in Series B (SAIF Partners, Helion and Sierra).
- MMT closed Series C investment of $15 million from Tiger Fund and the three existing venture capital investors – SAIF Partners, Helion Venture Partners and Sierra Ventures.
The company intends to list its common stock on Nasdaq under the symbol “MMYT” (source).
Surely one of the biggest ever exit for VCs in Indian Internet space. So who is next? Yatra?