MakeMyTrip Q2 loss at Rs 8.15 cr

During the quarter,the company said its revenue jumped by 40.5 per cent to USD 23.8 million Rs 107.7 crore,as compared to USD 17 million Rs 77 crore in the same period last year.

The company said the loss during the quarter was due to the effects of its employee share-based compensation costs and one-time initial public offering IPO costs related to listing of shares of USD 2.1 million in the current quarter.

In August,the company had raised USD 70 million Rs 327 crore through IPO in the US markets.

8220;We raised money from the market three months back for investment in technolgy and working capital. Now,we are looking for strategic acquisitions,8221; MakeMyTrip Chief Executive Officer Deep Kalra said.

However,he did not disclose the size of the acquisitions and the time frame for it,but said that the company will look for acquisitions of technological and regional players.

8220;We believe in maximising value being the online intermediaries between customers and suppliers. We have horn those skills and will continue to focus in those areas,8221; Kalra said.