MakeMyTrip is India's leading online travel agency (OTA), operating three consumer brands: MakeMyTrip (flagship leisure and corporate travel), Goibibo (complementary Indian OTA), and redBus (India's dominant online bus ticketing platform, with presence in Southeast Asia and Latin America). The company offers air ticketing, hotel and holiday packages, and bus ticketing, claiming roughly 1 in 3 domestic Indian air tickets sold and market leadership in online bus ticketing through redBus. MakeMyTrip operates as a capital-light intermediary between travelers and suppliers — airlines, hotels, and bus operators — earning commissions and service fees rather than carrying inventory risk. Revenue is driven by gross booking value (GBV), which reached $9.8B in FY25, and a blended take rate that varies by segment: air (~6%), buses (~10%), and hotels (~18%). Hotels and packages is the highest-margin segment and management's stated priority for mix shift, as growing hotels as a share of total bookings improves blended margins. The company distributes primarily through its own apps and websites, supplemented by a B2B travel agent network, franchisee stores, and corporate travel platforms (myBiz for SMEs, Quest2Travel for enterprises). Key growth vectors include international outbound travel (now 25% of revenue), corporate travel, and AI-driven personalization through its Myra.ai chatbot. MakeMyTrip exited FY25 with ~$750M in cash, which it allocates toward organic investment, bolt-on acquisitions, and share buybacks.