Yatra is an Online travel agency that provides real-time hotel reservations, flight bookings, and train bookings. The platform offering travel services announced a 6.4 percent decrease in its revenue to Rs 100.8 crore in the first quarter of FY25. The startup provides hotels, packages, and other services. The air ticketing service is the largest source of revenue for the company. The startup offers a seamless and secure transport booking experience using advanced technologies.
Entrackr mentioned in its report that the firm also earns its income through hotel reservations, transport bookings, holiday packages, and other services. The operating revenue for the first quarter of this financial year declined. However, the profit decreased by 27.5 percent to Rs 4.04 crore in the same duration. The firm earns the largest revenue through air ticketing followed by other services and
it made Rs 8 crore from financial sources which made total income cross Rs 109 crore in Q1 FY25. The company previously secured has raised around $ 87.5 million across all its multiple funding rounds since its inception. This includes $23 million secured during its series D funding round from the Norwest Venture Partners.
Yatra offers an app-based platform to provide multiple travel services. This platform enables customers to search for and book services like hotels, transportation, and more by providing them with booking details. The marketing, legal, business sourcing, hosting, and other expenses increased the overall expenditure to Rs 104.75 crore. However, 32 percent of the total expenses go to the employee benefits and payment gateways. The startup reported a 27.47% decline in profit to Rs 4.04 crore in the first quarter of FY25. The net loss also increased in the same duration.
The loaning company saw a decline in its profit for the Q1 of FY25 and it plans to improve its business model while offering more innovative solutions, positioning it well in the global market. The firm plans to control its losses by reducing its operating expenses and employee benefits. The employee benefits saw an increase compared to the Q1 of last year. The firm reported its annual revenue of 49.5 million during March 2023. Yatra competes with other online travel service providers such as Ixigo, Maye My Trip, and Traveloka.
Conclusion :
The transport and hotel booking travel-tech startup Yatra announced a 6 percent decrease in its revenue to Rs 100 crore in the first quarter of FY25. This travel-tech startup offers online hotel booking, holiday packages, and transportation reservation services to offer a seamless travel experience. The air ticketing and hotel reservations are the primary source of revenue for the company.
The profit also decreased by 27.5% to Rs 4.04 crore in the first quarter of FY25. The total expenditure of the firm increased and crossed Rs 104.75 crore in the same duration. The startup plans to reduce its expenses on employee benefits to increase its profit and minimize its losses. The company has secured over 87.5 million USD across multiple funding rounds to date.
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