Sunday, Jun 24 2018 | Time 08:52 Hrs(IST)
image
image
  • U S government reunites 522 children removed under 'zero tolerance'
  • Kroos missile secures last-gasp Germany win
  • Trump adviser Kushner tells Palestinian newspaper he's 'ready to work' with Abbas
  • Turks vote for president, parliament in crucial test for Erdogan
  • Russian jets strike rebel held town in Syria -opposition sources
  • Trump defends policies on border, North Korea in visit to Las Vegas
  • Late Kroos winner against Sweden keeps Germany alive
  • Iraqi PM Abadi and cleric Sadr enter into political alliance
  • Late Kroos winner against Sweden keeps Germany alive
Features Share

Bootstrapping to Rs 1090 cr turnover

By Soumik Dutta
Bootstrapping to Rs 1090 cr turnover

New Delhi/Shillong, Jan 6 (UNI) Perseverance pays and grit to fight till the end pays back. In today’s context one of the major problems being faced by the government in India is high unemployment rate and not commensurate number of job openings. While the government is promoting entrepreneurship through several schemes, there has been an overall turnaround in the mindset of the youth with a huge surge in the first generation entrepreneurs successfully running their businesses. The story of EaseMyTrip as an entrepreneurship venture is however different. It is the only travel-company which is bootstrapping (non-funded) and yet profitable, even though most other companies in the same league are well foreign-funded. In May 2008 Nishant, Rikant and Prashant Pitti started EaseMyTrip from their home-garage in Delhi. Within the next three months the brothers lost all investment However they decided to give it another try without losing faith. In 2016, eight years down the line EaseMyTrip was among top- five travel-portals in India with annual turnover of INR1090 crores (Financial year 2015-16) and 28 offices across the globe including India. Amazing as it may sound, recession or no, the three brothers doggedly persuaded their business.” We just never charged convenience-fees and focused on giving great services. Even when we were growing cash-positively every year, we still decided to not invest in marketing”, informed Prashant speaking exclusively to UNI. Another factor that worked in their favour is that about 83% of their customers referred wholeheartedly to their friends. “We are still a lean team of 280 employees, which are directly managed and supervised by founding team. Ironically we have never hired folks from IIT or IIM, ecommerce is a wafer-thin margin business and frugality is the only way to keep it successful”, says Prashant. The three brothers are all successful professionals from the information technology and technical backgrounds with almost a decade of rich experience in several fields of operation including travel and tourism industry. UNI SD CJ RJ 2204

More News

East to West: Yoga inspires world to fitness

21 Jun 2018 | 3:39 PM

Kathmandu, June 21 (UNI) The practice of ‘Yoga’ which originated in the eastern part of the world, gradually spread to the west and across the globe, leading to declaration of International Day of Yoga on June 21.

 Sharesee more..
Mela Kheer Bhawani: Kashmiri Pandits reunite with Muslims brethren

Mela Kheer Bhawani: Kashmiri Pandits reunite with Muslims brethren

20 Jun 2018 | 4:30 PM

By Abid Bashir
Kheer-Bhawani, Tullamulla, June 20 (UNI) Emotional scenes were witnessed on Wednesday during Mela Kheer Bhawani here as it’s that time of the year when Kashmiri Pandits (KPs) reunite with their Muslim brethren, who wait eagerly for the whole year to meet their long-lost friends.

 Sharesee more..
A battle to save Indonesia's orangutans

A battle to save Indonesia's orangutans

19 Jun 2018 | 6:23 PM

Jakarta, June 19 (UNI) A deep peatland forest in Indonesian Borneo is home to one of the world's largest remaining populations of endangered orangutans, but the habitat is under threat despite changes in law designed to protect it.

 Sharesee more..
Water crisis can lead to 'forced migration': Waterman

Water crisis can lead to 'forced migration': Waterman

16 Jun 2018 | 3:42 PM

By Satish Sharma
New Delhi, June 16 (UNI) Amid alarming reports of water shortage and related problems from different parts of the country, renowned activist "waterman" Rajendra Singh has feared forced migration from the country in the next seven years, if effective steps are not taken on urgent basis for optimally saving available water and replenishing ground water by way of check on wasteful draining of rain water.

 Sharesee more..

Farming underground: Fight against climate change

15 Jun 2018 | 5:26 PM

La Paz, Bolivia, June 15 (UNI) The Andean Plateau or the Altiplano is one of the largest and highest plateaus in the world where Bolivian farmers are going underground in order to protect their crops from drought, flash floods and increasing temperatures, says a BBC News report.

 Sharesee more..
image