MakeMyTrip raises $3.1 bn in largest fundraise by Indian new-age company
US-listed online travel platform MakeMyTrip has raised $3.1 billion through equity and debt, according to Morgan Stanley, the company’s banker.
This is the largest ever fundraise by a listed new-age Indian company, surpassing Paytm which had raised around $2.4 billion through its IPO in 2021. This is also the largest concurrent offering of equity follow-on and convertible notes since 2022 in the Asia-Pacific region.
