{"id":838673,"date":"2024-07-30T09:49:26","date_gmt":"2024-07-30T04:19:26","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=838673"},"modified":"2024-07-30T09:56:02","modified_gmt":"2024-07-30T04:26:02","slug":"travel-tech-startups-roar-back-to-life-post-covid-slump","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/30\/travel-tech-startups-roar-back-to-life-post-covid-slump\/","title":{"rendered":"Travel tech startups roar back to life post Covid slump"},"content":{"rendered":"<p>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. <\/p>\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-838673","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/838673","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=838673"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/838673\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=838673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=838673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=838673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}