Deep Kalra is Group Chairman of the Board, Group Chief Executive Officer, Founder of the Company.

Before MMT: After graduating from IIM-A, Deep got associated with ABN Amro bank for 3 years and then took a year break from corporate culture.
Dysfunction deepens at WTO as it fails to select an acting leader. Economy. This website uses cookies. Here is Deep Kalra's advice to young entrepreneurs: You should think like marathoners. A lot of travelers were preferring Kingfisher airlines, sudden discontinuation definitely had ripple effects.Now, if Deep Kalra, other co-founders, and the team look back to their journey, they would definitely be awestruck. With the big companies, the internet was just a side-project for them”“I was foolish enough to start alone”. The company is the market leader in domestic flight ticketing with a 24 percent market share.The list of accolades received by the company is quite a long one.

Secret Diary of Deep Kalra — Part 1 | ... And boy in winter, you couldn’t sit when you got whacked on your butt nor could you tell your parents about it! It was in 2017 and the company had no other funding activity since then.MakeMyTrip lets the users book air tickets, bus tickets, buy holiday packages, book hotels and accommodations and hire car. The transition of MMT from 30 employees in South Delhi to 50+ branches in India employing over 3000 people has been an eye-opener to young entrepreneurship aspirants.The backbone for MMT is none other than Deep Kalra (CEO & Co-founder), an MBA from IIM-A (Batch 1992). Now the group executive chairman of MakeMyTrip, a leading online travel firm, Kalra says that entrepreneurs running young ventures which …

Visit our “It was a great entrepreneurial experience but a financial disaster”.“Doing my own thing was the feeling I got and I avoided getting into the trap of big company syndrome because then you spend a lot of time there unnecessarily. Hotels and packages, a higher margin category compared with airline ticketing, is the biggest revenue contributor and account for 56 percent of net revenue. MakeMyTrip's Gurgaon, Haryana, 122 016 Below are some of the learnings that we managed to quote while we were going through Deep’s story.

He went from place to place to set up bowling alleys but competition from giants like McDonalds and Domonis proved to be a major hindrance in terms of real estate returns.During his short stint of 4 years with AMF Bowling, Deep managed to open more than 200 lanes across India.

Thus, the company's revenue increased by 15.9% YOY to 146.9 Million from $124.8 Million in Quarter 3 of FY 2018-2019.Again, as of now the company's losses has come down by 50% till Q3 of FY 2019-2020 as compared to Q3 of FY 2018-2019.MakeMyTrip is an online travel company founded by Deep Kalra in 2000.To total, MakeMyTrip raised funding worth $548 Million over 5 rounds.MakeMyTrip's IPO was launched on Aug 20, 2010.

By continuing to use this website you are giving consent to cookies being used. Then the team went on to acquire Hotel Travel Group (HT group) due to which they were operational in Thailand, Singapore and Malaysia.Another Delhi based hotel operator My Guest House Accommodation was acquired by the team in 2011.Going through MakeMyTrip’s story is not only interesting but it comes with a plethora of learnings and experiences that one can inculcate in his professional life. Rather than investing more and looking for more investors, the team decided to shut all marketing in India and shift their focus to the NRIs in the US who used to travel back and forth to India.Dot-com bust shook the small growing company and all the seniors had to compromise on their payroll.

[1] Deep was not a travel professional, the only thing that helped him going was his MBA experience that provided him to break down all complex problems and break them into simpler and achievable ones.“I’m fortunate enough to come across 3 other co-founders who were humble enough to compromise with their payroll during crucial times.”“Dotcom was a big risk.


You probably won’t do it all over again.” Deep says.During this time MMT was struggling to even run for a month. It was an interesting model but it may or may not work if the ecosystem was not ready.” Deep was not a travel professional, the only thing that helped him going was his MBA experience that provided him to break down all complex problems and break them into simpler and achievable ones.“I’m fortunate enough to come across 3 other co-founders who were humble enough to compromise with their payroll during crucial times.”“Dotcom was a big risk. IRCTC being a government entity was the main reason why people started purchasing things online and built trust on the internet and its opportunities.No great company turns big in a matter of days/months or years. Founded by Deep Kalra, MakeMyTrip commenced its operations in 2000 and in the first five years following the inception, it focused on the non …

Deep’s method was really simple. It takes time to set up a decent company in India and probably 10 years to become something. According to IAMAI e-commerce report (2013), travel accounts for 71% of e-commerce business in India. Since August 2013, till February 2020, Kalra functioned as Group CEO. 31 July, 2020. They had just 1-month capital with them and every month senior managers discussed closing the venture next month.Even after struggling on a monthly basis, good times finally started rolling out.

But even after hard struggles the business didn’t turn out to be as amazing as the team thought it would be.Post AMF, Deep felt that he needed more corporate experience before starting something of his own.


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