Wirefoot

MakemyTrip has reported gross booking of $264.1mn for the quarter ending 30 June, 2011(up 51.2% year over year). Air Ticket transactions grew 53.1%, leading to a 49.4% growth in gross bookings, while Hotels & Packages transactions increased by 72.1%, leading to a 60.8% growth in gross revenue from the segment. For the quarter, a profit of $1.517mn for the period, compared with $1.708mn for the same period last year, on a Net Revenue growth of 52.3% to $21.104mn, up from $13.859mn year on year.

Asia will experience a great increase in Online population in coming 3 years

E-tailing will be the next big thing in Indian retail industry, if companies would make better business strategies and understand their customers needs. According to a study minimum 8 out of 10 consumers will buy online in coming year. Customers are spending almost 11% of their monthly expenditure on online purchase. Pls add if you have anything!!