EaseMyTrip expands reach, takes flight in insurance sector with new subsidiary

livemint.com:

₹7.9 trillion and growing at a rapid 32-34 per cent annually, the company disclosed in an exchange filing. Also Read | ‘Tourism stands as…’ Maldives tour and travel body urges EaseMyTrip CEO to resume flight bookings, extends apology Nishant Pitti, CEO and Co-Founder, of EaseMyTrip, said, “We are elated to announce the launch of EaseMyTrip Insurance Broker Private Limited.

This new subsidiary is a major step forward for us as we diversify our services and enter the insurance market. We aim to offer complete travel ecosystem for our customers and this new addition is a progressive step towards the same.

With our strong standing for excellence and customer satisfaction, we are confident that we will make a lasting impact on our existing and new customers." The new venture capitalises on EaseMyTrip's existing robust platform and vast user base of 20 million. Also Read | EaseMyTrip share price rises 6% despite the suspension of all Maldives flight reservations amid the India-Maldives spat EaseMyTrip surged soon after the company suspended all Maldives flight bookings over the “derogatory" remarks on PM Modi by Maldivian politicians.

Announcing the news via a post on X (formerly Twitter), EaseMyTrip founder Prashant Pitti wrote, “Water & beaches of Lakshadweep are as good as Maldives/Seychelles. We at @EaseMyTrip will come up with crazy special-offers to promote this pristine destination that our PM @narendramodi has recently visited!" The idea was further supported by EaseMyTrip CEO Nishant Pitti who confirmed that the travel company has indeed stopped flight bookings to the Maldives.