MakeMyTrip raises Rs.73.5 crore from Mauritius-based parent

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Gurugram-based online travel firm MakeMyTrip raised ₹73.5 crore in two tranches from its Mauritius-based parent entity MakeMyTrip Ltd. The parent company invested ₹36.5 crore on March 9 and MakeMyTrip raised another ₹37 crore from it on March 16, filings showed. Earlier, MakeMyTrip had announced several measures to manage expenses during COVID-19 including reducing variable costs like advertising.

Source By Inshorts.com

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