MakeMyTrip Founder Deep Kalra, an active investor in startups, believes the future of India’s startup economy is “super bright.”. Complete devotion for more than a decade and a laser-sharp focus is what has taken for Makemytrip to reach the stage of an IPO and scale to this level. As of 31 March 2018, they have 14 company-owned travel stores in 14 cities, over 30 franchisee-owned travel stores in 28 cities, and counters in four major airports in India. Log into your account. Deep Kalra - Education. MakeMyTrip Founder Deep Kalra, an active investor in startups, believes the future of India’s startup economy is “super bright.” The rise of edtech … Deep Kalra is an Indian businessman who is the founder and group CEO of MakeMyTrip, an Indian online travel company. Deep Kalra | Gurgaon, Haryana, India | 183 connections | View Deep's homepage, profile, activity, articles MakeMyTrip route planner provides all the basic required information on more than 10 lakh (1 million) routes in India. 2015 - July: In July 2015, MakeMyTrip invested in the travel information and hotel review portal HolidayIQ and picked up approximately 30% stake in the company. • After three years in banking and exploring various options in marketing (Arvind Mills and Pizza Hut among them), Deep chose to do something ‘crazy’. Photo: Ramesh Pathania/Mint How Deep Kalra made his trip 3 min read. Popular YouTuber Saloni Srivastava started HustlePost Academy to cater to people who wanted to use social media to start a business. Make My Trip avails flight – bus- rail tickets , hotel reservations for international and domestic holiday packages.. Headquartered in Gurugram, MMT expanded itself to company-owned travel stores in 14 Indian cities. The announcement comes on the day when MakeMyTrip announced its third-quarter results. Edtech startup upGrad has on-boarded over 35,000 paid learners and impacted more than half-a-million individuals globally. Deep Kalra is a Co-Founder and serves as Chairman and Group Chief Executive Officer at MakeMyTrip. The success story of Deep Kalra is a journey of complete devotion for more than a decade which is still going on so that MakeMyTrip can reach to the next level of success. Deep has 1 job listed on their profile. Deep started with ABN Amro Bank. Kovai.co wants to build a world-class SaaS startup from Coimbatore, and in the process, turn the Tier II city into a global SaaS hub. Education and Career. As of March 31, 2018, the company has 14 company-owned travel stores in 14 cities, including one in their office in Gurugram, over 30 franchisee-owned travel stores which primarily sell packages in approximately 28 cities, and counters in four major airports in India under their brand. Owing to international expansion, MMT have offices in NewYork, Singapore, Kuala Lumpur, Phuket, Bangkok and Dubai. MakeMyTrip Founder Deep Kalra believes the future of India's startup economy is 'super bright'. In 2012, MakeMyTrip launched travel mobile applications for Windows Phone, iPhone, Android, and Blackberry devices. MakeMyTrip also made three acquisitions—Luxury Tours and Travel Private Limited (Singapore), ITC Group Hotel Travel Group, and ETB Group—to enter new markets in. Clever Tap's Anand Jain said all departments must tap data to retain customers in a world where real-time segmenting is the norm. At TechSparks 2020, experts said startups and corporates are finding greater synergies to navigate through the COVID-19 crisis. your password He reached the senior levels, but gave it all up to follow a different track. History. ; 2005 - September: MakeMyTrip started Indian operations in September 2005, offering online flight tickets to Indian travellers. Formerly, worked with leading multinational companies in India in senior capacities, including: started career with ABN AMRO Bank in the corporate banking division; established and managed AMF Bowling's South Asian operations; Vice-President, Business … Welcome! Most people would like to work for themselves given a situation where you earn the same amount of money" – Deep Kalra. [23] MakeMyTrip also offer metro train tickets for Hyderabad Metro. [22], MakeMyTrip offers flight tickets, villas and apartments, rail and bus tickets, cab service, and hotel booking services on its portal. After serving for three years, he decided to start his own venture, and brought AMF bowling. MakeMyTrip has offices in New York, Singapore, Kuala Lumpur, Phuket, Bangkok, and Dubai. View the profiles of professionals named "Deep Kalra" on LinkedIn. Gaurav Rastogi cofounder of Kuvera.in speaks with Vishal Krishna (left of screen), Business Editor of Your Story on investing for the future. Deep Kalra - Initial Struggles. Make my trip-Deep Kalra 1. Post merger, MakeMyTrip shareholders own a 60% stake and Ibibo Group shareholders get a 40% stake. Kuvera.in's Gaurav Rastogi spoke about the behaviour change that has happened and will happen when it comes to equity investing. EDUCATION &JOB • BA from St Stephen's college, and then an MBA from IIM Ahmadabad. The acquisition was done through the innovation fund and all employees of MyGola were absorbed into the MakeMyTrip team. Mr. Kalra founded MakeMyTrip in April 2000. Then to gain some more knowledge he joined GE capital and headed business development. In 2016, MakeMyTrip and Ibibo Group, India's largest travel booking portals, merged through a stock transaction. He was born in Hyderabad and grew up in Delhi and Ahmedabad. Deep Kalra, founder and executive vice-chairman, MakeMyTrip. "There is an entrepreneur in everyone. The company also started to focus on non-air businesses like holiday packages and hotel bookings. Anand Jain, cofounder of Clever Tap, speaks to Your Story's Business Editor Vishal Krishna about how brands use Clever Tap to engage customers. Bachelor's in Economics St Stephen's College, Delhi University, India; MBA, Indian Institute of Management, Ahmedabad, India. Deep Kalra is Chairman/Co-Founder at Makemytrip Ltd. See Deep Kalra's compensation, career history, education, & memberships. your username. MakeMyTrip is an Indian online travel company founded in 2000. Updated: 30 Mar 2016, 01:50 AM … Subscribe to our newsletter today! There are 20+ professionals named "Deep Kalra", who use LinkedIn to exchange information, ideas, and opportunities. This created an online travel behemoth that controls 60%-70% of the online travel market. See the complete profile on LinkedIn and discover Deep… It was a great entrepreneurial experience but a financial disaster for Deep. Make My Trip Founder & CEO, DEEP KALRA. Deep Kalra was instrumental in acquiring its closest rival, Ibibo Group, in a largely stock acquisition. [24][25], Learn how and when to remove this template message, "MakeMyTrip Limited: Private Company Information", "MakeMyTrip bets on hotel business to drive growth", "MakeMyTrip's early-stage investment fund is an extension to M&A strategy: Magow", "MakeMyTrip acquires travel startup Mygola", "MakeMyTrip picks up 28% stake for 95 crore in HolidayIQ to boost hotels & holidays business", "MakeMyTrip invests $5M in travel start-up Bona Vita, acquires 67% stake", https://startuptalky.com/makemytrip-indian-startup-success-story/, "MakeMyTrip acquires Luxury Tours & Travels", "SAIF Partners, MakeMyTrip Buy 76.6% In iXiGO.com For $18.5 Mn", "MakeMyTrip buys My Guest House Accommodation Kochhar and ARA advise", "MakeMyTrip Acquires Majority Interest In Thailand’s ITC Group For $3.2M", "MakeMyTrip acquires Hotel Travel Group for $25 m", "Inspirock attracts seed funding of $3m, unveils new site", "Makemytrip invests Rs 95 crore in HolidayIQ", "MakeMyTrip invests $5 million in former Snapdeal CTO's Bona Vita Technologies", "CCI nod to MakeMyTrip, Ibibo Group merger", "MakeMyTrip Limited and ibibo Group to combine", "MakeMyTrip launches routeplanner – competes directly with iXiGo? Twitter; We've heard many a time that real businesses take a lifetime to build and Deep Kalra's journey epitomizes this sentiment. Through this transaction, MakeMyTrip acquired its rival, Ibibo Group, in one of the biggest acquisition in Indias online travel space. Hiren Shah, Founder and Chairman, Vertoz, and Logesh Velusamy, Founder and CEO, Effitrac, explain how to build digital tools for SMBs. where he learns cheating. 2000: MakeMyTrip was founded by Deep Kalra, an alumnus of IIM-Ahmedabad.It was launched in US market in the year 2000 to cater to the overseas Indian community for their US to India travel needs. 2016 - January: In January 2016, the Chinese travel booking company. Now get the Daily Capsule in your inbox. Through its various initiatives, MakeMyTrip has taken the lead in promoting responsible travel amongst members of the hospitality value chain as well as travellers. Deep Kalra General Information Description. Deep Kalra,an alumnus of IIM-A, founded the MakeMyTrip in 2000.He did his graduation in economics and then pursued his MBA from one of the top B-School and like everybody else took up a job.but his urge to do something grand didn’t let him stay in the job … Prior to founding MakeMyTrip.com, Mr. Kalra has had corporate stints with GE Capital, AMF Bowling Inc. and ABN AMRO Bank. A travel company that takes millions of Indians to different places every year is taking up a bold initiative to bring the spotlight on ‘responsible travel’. Search for what you want, categories, tags, keywords, authors, events, anything under YourStory, This startup is making online transactions easy and secure without OTPs, How fish and poultry startup FreshToHome reached EBITDA profitability in Bengaluru and Delhi, Why this Deloitte Director chose to start up in the edtech space after visiting a remote village in Andhra Pradesh, [The Turning point] This IIT Delhi alumnus is empowering farmers with her agritech startup, How COVID-19 impacted India's agritech sector, [Funding alert] Lingerie brand Clovia raises $4M in pre-Series C round, Unwrapping YourStory’s ultimate holiday gift guide, [Year in Review 2020] 30 inspiring quotes on the power of art in the pandemic era, Best of Weekender: From a candid chat with stand-up comic Aravind SA to a look at Chef Manish Mehrotra’s new menu, [Pivot and Persist] Why a part-time job portal evolved into a B2B gig marketplace amid COVID-19. ", "MakeMyTrip, Hyderabad Metro launch QR-code based e-tickets for easy mobility", "MakeMyTrip deploys AI to make bookings easier", "MakeMyTrip Ties Up with Visa- About MakeMyTrip", "Lowest price guarantee on Bus ticket-booking on MakeMyTrip.com", "Jet Airways, Makemytrip sweep inaugural Times Travel Honours", "Retailers eye tier II & tier III cities in 2013", "Celebrating Excellence in Asia's Low Cost Aviation and Travel Industry", "Social Media & Mobile in Travel Asia 201327-28th November 2013, Langham, Hong Kong", "MakeMyTrip.com awarded the best Travel & Tourism company in India", "Lonely Planet Magazine India launches first-ever Travel Awards on 3rd May", https://en.wikipedia.org/w/index.php?title=MakeMyTrip&oldid=993432940, Pages with non-numeric formatnum arguments, Articles lacking in-text citations from July 2018, All Wikipedia articles written in Indian English, Articles lacking reliable references from November 2018, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License, Booking flights, hotels, holidays, buses, trains and cars, Le Travenues Technology Private Limited which owns Ixigo.com, Best Service Provider Company (tour operators category), Most Preferred Travel and Holiday Website, IMINT Shoppers and Consumer Insights Awards, Travel Distribution World Asia Awards (Budgie & Travel Awards), Porter Prize (named after Michael E Porter), Best Mobile Strategy and Best Mobile Solution, Outlook Traveller Reader's Choice Travel Awards. This page was last edited on 10 December 2020, at 16:11. He holds a Bachelor’s degree in Economics from St. Stephen’s College, Delhi University, India, and a Master’s degree in Business Administration from the Indian Institute of Management, Ahmedabad, India.. 2015 - April: MakeMyTrip acquired MyGola, a travel planning website, in April 2015. He also serves as an Executive at Founders United Trust. 2005 - September: MakeMyTrip started Indian operations in September 2005, offering online flight tickets to Indian travellers. Clockwise from top left: Anup Jain, Managing Partner, Orios Venture Partners, Vishal Krishna, Business Editor, YourStory, William Bao Bean, General Partner – SOSV, Radhika Malik, Investment Manager, Samsung Catalyst Fund and Abhay Tandon, Director and Head – Lowe’s Innovation Labs India. View Deep Kalra’s profile on LinkedIn, the world’s largest professional community. Deep Kalra is the founder and CEO of India’s leading online travel company MakeMyTrip.com.Founded in 2000, the company is now the largest e-commerce business in the country and listed its shares on NASDAQ in August 2010. They also have offices in New York, Singapore, Kuala Lumpur, Phuket, Bangkok, and Dubai. Naspers and Tencent, who jointly owned Ibibo Group, became the single largest shareholder in MakeMyTrip. 2010 - September 17: On 17 August 2010, MakeMyTrip Limited was listed on the, 2011: In 2011, the company created several travel related apps for mobile devices. The Xpert App is an initiative to bring our role models closer to us so that they can be a part of our own success stories and inspire us with their skills, hardwork and dedication towards their passion and dreams. After doing his master's in business administration, Deep Kalra took the seemingly conventional route and started his career with ABN Amro Bank and GE Money between 1991 and 1999. 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