MakeMyTrip Crosses $100 Million In Sales Ahead Of Target; Full Year Estimate: $120 Million

Travel portal Makemytrip.com has announced that it has crossed the $100 million sales mark on February 12, which actually was the full year target for the company. Now company expects to close the financial year (ending March 31, 2007) with sales of $120 million. As Kalra claims that MakeMyTrip.com has a 55 per cent market share, that will take the total industry sales to roughly $220 million, which will be accounted by others like Yatra.com, Travelguru and Cleartrip.
Going by $120 million in ticket sales, MakeMyTrip will rake in about $6 million in commission revenues (5 per cent of the ticket price) this year. This component has to significantly increase for the company to go in for an IPO, which it hopes to do after 2008.

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