MakeMyTrip IPO sees strong result for VCs
VC-invested Indian travel company MakeMyTrip saw a 92% share hike on its first trading day on the NYSE, with stocks rising up to $26.81 from the $14 offer price in the best US IPO debut performance since late 2007.
SAIF Partners owns about 51.3% of the company, with other lead investors including MD & CEO of MMT Deep Kalra, who owns 14.45%, while Tiger Global holds 12.14%, and Helion Venture Partners and Sierra Ventures...
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