The company sees many more areas of inorganic growth in the future.
Investments are pouring into online portals for add-ons.
In an interview with rediff.com Sabina Chopra, Yatra.com's co-founder and executive vice president, operations, spoke about the company's initial challenges, how they overcame them, their hiring plans and do's and don'ts for young entrepreneurs.
Half the cost of a foreign tour package is constituted by airfare, which is not affected by the rupee exchange rate.
An industry source said Reliance Industries did not have a controlling stake in Yatra.com through its acquisition of Network 18. It was just a financial investment.
During the Diwali week (November 10-16), airfares on major routes across the country have surged by up to 44 per cent.
As regular promotional discounts and offers rolled out by well-funded apps determine the demand trend, online hospitality aggregators face growing discontent from restaurants and hotels over commissions and pricing power.
Ebix said the acquisition of Yatra would lend itself to significant synergies and the emergence of EbixCash as India's largest and most profitable travel services firm.
While Yatra is building a digital services platform to offer skill development training and sourcing solutions to corporate, Thomas Cook has partnered ICMR-accredited labs to offer Covid-19 certification, and MakeMyTrip is offering chartered flight services.
Dhruv Shringi, co-founder and chief executive officer (CEO) at Yatra, tells Ajay Modi that Indian online travel market is definitely moving into a duopoly situation.