The papers filed with SEBI showed that the company is looking to raise INR 510 Cr ($72.13 Mn) through its initial public offering (IPO).

For this, EaseMyTrip cofounders Nishant Pitti and Rikant Pitti will each sell shares worth nearly INR 255 Cr through the offer-for-sale mechanism.

Moreover last week, reports had surfaced that EaseMyTrip is close to filing its initial draft papers to go public to raise nearly INR 700 Cr.

In FY19, the company posted a net profit of INR 29.3 Cr from INR 6.6 Cr a year earlier.

Sharma had said that while a public listing was ‘inevitable’, it was yet to construct a road map for it in 22-24 months. | To read full story, visit https://startuparound.com/read/1576404008.6223054/EaseMyTrip-Files-Draft-Papers-For-IPO,-Looks-To-Raise-$72-Mn?ref=audio_experience