An Online Travel Agency, Yatra has reported a net loss of Rs 4.5 crore in FY24. Last Fiscal year, the  company had a net profit of Rs 2.6 crore. The startup has worked well in the traveling market in past  years. However, it reported over 10 percent year-on-year decrease during the Fiscal year by the end of  March. The startup’s gross revenue grew 11 percent to Rs 380 crore INR in FY23. 

Yatra was founded by Manish Amin, Sabina Chora, and Druv Shringi to offer real-time hotel  reservations, flight bookings, and train bookings. The company has been offering its product to various  business clients globally. The CEO of Yatra, Dhruv Shingri mentioned that the startup had a 12% YoY  increase in its gross booking during Q4 FY24, with a 13.5% increase in air gross booking. 

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Some reports reasoned the net loss increased due to the increase in marketing expenses, service costs,  and employee benefits. Yatra launched an expense management solution to help domestic and global  enterprises manage their expenditure efficiently through expense tracking. The company claims to  have the largest public sector bank in India as a customer. The company’s strategic initiatives and  market position will help them with recovery from loss and growth in the online travel industry.  According to Inc42, This Online travel agency added 25 new corporate accounts in Q4 FY24 to expand  its corporate client base.  

According to reports, India has seen a rapid increase in the online travel market The main focus of his  startup is to provide information, availability, pricing, and booking for domestic and global travel, and  offer real-time hotel bookings. The startup also offers affordable and easy bookings to all its customers.  The company claims to offer best-in-class customer experience with the goal of being India’s Travel  Planner. Yatra competes with other online travel agencies including EseMyTrip, and MakeMyTrip,  among others. 

Conclusion: 

An online travel Agency, Yatra reported gross revenue of Rs 380 crore, marking an 11% increase from  the previous fiscal year. However, it reported over 10 percent year-on-year decrease during the Fiscal  year by the end of March. The startup’s gross revenue grew 11 percent to Rs 380 crore INR in FY23. Founded by Manish Amin, Sabina Chora, and Druv Shringi to offer services including hotel reservations,  flight bookings, and holiday packages. The company has been developing and enhancing its platform  while offering its services to various business clients globally. The CEO of Yatra, Dhruv Shimgri  mentioned that the startup had a 12% YoY increase in its gross booking during Q4 FY24, with a 13.5%  increase in air gross booking. Despite the loss, the company’s strategic initiatives and market position  will help it recover from the loss and help it grow further in the online travel industry. The company  claims to offer best-in-class customer experience with the goal of being India’s Travel Planner. Yatra  competes with other online travel agencies including EaseMyTrip, and MakeMyTrip, among others