Travel tech startups roar back to life post Covid slump

The travel tech space is fast recovering from the blows dealt by the pandemic. The turnaround can be seen in the more stock market debuts, better financial results and fund-raises. Investments into a clutch of eight startups have been of the order of $73 million in 2024 as against $36.1 million in H12023, according to Tracxn.

Gross bookings at NASDAQ-listed MakeMyTrip hit $2 billion in Q4FY24 up from $1.67 billion in the year-ago period. The firm reported a profit of $216.7 million in FY24 against a loss of $11.2 million posted a year ago.