Yatra Online Mulling IPO; To Invest Rs 20 Million In Retail
Indian travel portal Yatra Online is considering an IPO, and hoping to launch it by April 1 next year, according to CEO Dhruv Shringhi, speaking on the sidelines of a press conference to launch a co-branded credit card with Barclays Bank, reports DJN.
SEE ALSO: Yatra.com Clocks Sales Of $5 Million A Month, To Break Even By End-2008
Also, the company planned to invest Rs 20 million to open three retail outlets in the next 12 months in Gurgaon, Bangalore and Mumbai, he said. “That way we can cater to people whose credit limit will not allow online transaction for such high sums as is needed for a family trip abroad,” Shringhi said.
Posted In: E-Commerce, Travel
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