Mumbai, 2016. The message was clear. Cleartrip was switching gears. Born in 2006, the online travel player started galloping at a furious pace. It posted a heady revenue of ₹253.7 crore in FY16 as against ₹192 crore in FY15, existing backers—US-based Concur Technologies and Gund Investment—infused a fresh round of capital at a valuation of $300 million, the travel ticketing biggie took its overall funding tally to around $75 million, and boasted of 14 million app downloads till 2016.
(This story appears in the 23 September, 2022 issue of Forbes India. To visit our Archives, click here.)