Yatra founders weigh controlling stake sale as online travel consolidation heats up

Founders Shringi, Amin and Chopra have approached MakeMyTrip, Paytm Travel, Rapido, Ixigo and a PE fund for a controlling stake sale, with non-binding term sheets expected next week. Yatra posted ₹199.3 cr Q4 income and ₹8.2 cr net profit; founders publicly deny the talks.

— Source publishedMon, 1 Jun, 2026, 01:00 IST·First seen Mon, 1 Jun, 2026, 01:14 IST·Source ET Small Business

What happened

Yatra Online founders Dhruv Shringi, Manish Amin and Sabina Chopra are exploring a controlling stake sale, approaching MakeMyTrip, Paytm Travel, Rapido, Ixigo

Key facts

  • ₹199.3 crore Q4 income
  • ₹228.5 crore YoY
  • ₹8.2 crore Q4 net profit
  • ₹15.2 crore YoY
  • ₹1,032 crore FY26 income
  • ₹47 crore FY26 net profit

Why this matters

With MakeMyTrip, Paytm Travel, Rapido, Ixigo and PE all circling Yatra, the Indian OTA consolidation window is opening fast—corp dev teams should pressure-test their own travel/mobility adjacency theses before the bidder pool locks in next week.