Easy Trip Planners Limited — Updates, 11-12-2024: Press Release

EaseMyTrip has launched its 22nd franchise store in Bengaluru, Karnataka, bolstering its offline presence in South India. The new store, located at White Pearl Building, offers a range of travel services, including flight bookings, hotel reservations, customized holiday packages, and bus and railway bookings. Additionally, it provides luxury cruise bookings, visa assistance, and corporate travel solutions. This expansion reflects EaseMyTrip’s commitment to blending online convenience with personalized offline services.

Co-founder Rikant Pittie emphasized that Bengaluru’s dynamic culture and status as a tech hub make it an essential market, aligning with the company’s goal of opening 100 stores by FY25. This strategic growth initiative aims to enhance its leadership in providing comprehensive travel solutions. EaseMyTrip has experienced impressive growth, with profitability since inception and a robust CAGR of 47% in profit before tax from FY20-24. Investors can view this expansion as a positive opportunity to watch closely, signaling the company's commitment to long-term growth and market penetration.