EaseMyTrip announced its intention to raise up to Rs 500 crore to bolster its balance sheet and expedite growth in crucial segments, especially hotels and vacation packages.

In a filing with the stock exchange, the online travel technology platform stated that the intended capital injection will be used to expand promising verticals, improve technological capabilities, and seek strategic opportunities that align with its long-term business goals. The firm stated that the action would offer financial flexibility to implement growth strategies while upholding disciplined capital distribution.

“The fundraising can occur in one or several tranches via allowable methods under relevant laws, such as rights issue, qualified institutional placement (QIP), preferential issue, private placement, or other sanctioned means, contingent on regulatory and shareholder consent,” stated Nishant Pitti, Founder, Chairman, and Managing Director of EaseMyTrip.

The fundraising strategy is introduced as the company announced a significant drop in its quarterly earnings. In the third quarter of FY26, net profit dropped 90percent to Rs 3.4 crore, down from Rs 34 crore in the same period last year.

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Operating revenue for the quarter stayed mostly unchanged, increasing 0.3percent compared to the previous year, reaching Rs 151 crore from Rs 150.5 crore in Q3 FY25.

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Air ticketing remained the primary source, representing 64percent of overall revenue. However, the segment's revenue decreased by 1percent to Rs 97 crore in Q3 FY26 from Rs 98 crore the previous year. Hotel packages accounted for 31percent of total revenue, producing Rs 46 crore in the quarter.

Total expenditures increased by 42percent year-over-year to Rs 153 crore in Q3 FY26, up from Rs 107.5 crore in the corresponding quarter last year, impacting profitability.

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The planned capital increase aims to aid EaseMyTrip in diversifying its revenue sources beyond air ticket sales and enhancing its involvement in more profitable areas like hotels and vacation experiences.