There is always an option for an IPO or fundraising, but there has to be a compelling reason for it: Stuart Crighton, CEO, Cleartrip
Cleartrip Travel Services Pvt Ltd, which runs the online travel booking site Cleartrip.com, claims to be doing over 5 lakh transactions a month in India, at an average transaction size of Rs 5,500-6,000. This means that the company is clocking gross revenues of up to Rs 300 crore on a monthly basis or Rs 900 crore a quarter. These transactions are spread across the three biggest service areas of the company – domestic air travel, international air travel and packages (flight and hotel combos). And while the company grew 35 per cent in 2012, it is now aiming to break even again by the end of the first or the second quarter of the next fiscal.
In an exclusive chat with VCCircle, Stuart Crighton, co-founder and CEO of Cleartrip, talks about the business, the marketing plan, new products, fund-raising and more.