Deep Kalra MakeMyTrip Interview

This video features an interview with Deep Kalra, Founder & CEO of MakeMyTrip. The discussion primarily revolves around MakeMyTrip's decision to go public and the intricate process of their IPO. Kalra explains that the IPO served two main purposes: to provide an exit strategy for their financial shareholders and to raise capital to fund future strategies and growth initiatives, particularly in mergers and acquisitions (M&A). MakeMyTrip chose to list in the U.S., specifically on NASDAQ, over India, due to the greater understanding and appetite among American and international investors for B2C internet companies. The IPO process is elaborate, typically taking up to a year, and involves key players such as bankers, lawyers, and auditors. The prospectus, an exhaustive document, is used to market the company to prospective investors. The offering price is determined through pre-marketing by bankers who gauge investor interest and analyze comparable companies. Kalra advises young entrepreneurs to pursue entrepreneurship for the right reasons—to build a special, durable company and service, rather than solely for financial gain, emphasizing enjoying the journey and not being fixed on the exit.