Ahead of the long weekend, MakeMyTrip’s Group CEO and Co-founder Rajesh Magow speaks to Business Today TV about rising travel demand, their new AI-based trip planner, challenges from airspace restrictions, and competitive strategies. He also explains what the company’s $3 billion fundraise and buyback signal for investors and future growth.
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Questions asked in this interview
4
0:00Is this the next phase of development for MakeMyTrip?
1:08Is this something that you have also estimated will help you to up your revenue or on the financial side, or is it just to be a part of the new normal?
2:32And also internationally, do you see, since a lot has been changing now, it's time for you to also up your game with plans when it comes to on a global platform?
7:00And with this money being raised, how do you kind of balance the investor expectations in terms of long-term growth?
Joining me is Mr. Rajesh Magow who is the group CEO and co-founder of MakeMyTrip. Another milestone that's added to your bucket list now that you've been collaborating with AI in specific, which has been the need of the hour. Is this the next phase of development for MakeMyTrip?
Yeah. And very interesting milestone as well, right? So it's a milestone but it is going to be a journey. It's definitely not the end point because we've been working on it for the last couple of years. We have actually had our sort of variants of soft launches in the past. But this one is special because this is trying to solve for a complex problem of trip planning right down to the booking and also making it multilingual. We are starting with Hindi and English first. We'll bring in more languages. So it's more powerful. I think it's going to add more options and power in the consumer's hand, especially new users. So I think it's going to, I definitely see potential of this penetrating the real base as well.
Okay great. Is this something that you have also estimated will help you to up your revenue or on the financial side, or is it just to be a part of the new normal?
No, not necessarily. It's definitely not part of just the new normal or just a fashionable thing to do, for lack of a better word. Not at all. We actually definitely see this impacting potentially business at some point in time. Now the question will be when, because it's going to be a journey. It's a new feature, it's a new interface. Development is one part of it, solving the complex problem is one part; making it more intelligent and intuitive for the consumer is the other part. Then the third most important part is consumer adoption. And that always is a journey. A consumer habit doesn't change overnight. The new generation, the younger generation, is picking up really fast. They're using voice as the form of giving input to the apps. So as more and more consumers use it, better and better we make this product more intelligent to give more personalized, relevant, intuitive responses, the adoption will grow, and that is the time then the business impact will flow in as well.
Okay great. On the development side, because this is another milestone you said you've just added. You have three major brands under your umbrella internally. On the domestic front, do you see a major competition? And also internationally, do you see, since a lot has been changing now, it's time for you to also up your game with plans when it comes to on a global platform?
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Magow, R. (2025, August 7). Upcoming Long Weekend Travel, AI & MakeMyTrip’s $3B Bet [Interview transcript]. Business Today. CEOInterviews.AI. https://ceointerviews.ai/interview/1113052/
MLA
Rajesh Magow. "Upcoming Long Weekend Travel, AI & MakeMyTrip’s $3B Bet." Business Today, 7 Aug. 2025. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/1113052/.
BibTeX
@misc{magow2025_1113052,
author = {Rajesh Magow},
title = {Upcoming Long Weekend Travel, AI \& MakeMyTrip’s $3B Bet},
howpublished = {Interview transcript, Business Today. CEOInterviews.AI},
year = {2025},
month = {aug},
url = {https://ceointerviews.ai/interview/1113052/},
note = {Speaker-attributed transcript with timestamps}
}