On the question of any acquisitions that the company could be looking at, Shringi replied, We are actively looking for opportunities on the technology side, especially in mobile technology. There are also ancillary services that we do consider, but mobile technology is something that we are looking at exponentially growing.India itself is a large enough opportunity so for us we rather concentrate here then expand geographically. Our focus at Yatra.com has always been to go deeper into India as we believe that there is a lot of upside, as far as the Indian travel market is concerned. We want to be the dominant player in this market and its unlikely that we would consider an acquisition outside India.
About 70 per cent of their revenue comes from flights and 30 per cent from hotels and packages. With the recent capital infusion, the company will be using the funds to strengthen its position in the domestic holidays and hotels segment. Yatra.com already provides reservation facility for more than 15,000 hotels across 450 cities in India and over 200,000 hotels around the world. Our plan is to expand our reach to atleast 25,000 domestic hotels by 2015, and continue to be the OTA with the most number of hotels on offer in India, he mentioned. The other part where funding will be used will be the mobile front. We want to enhance our product offerings on this front. We will be adding new lines of business on the apps and will be expanding the penetration of the apps. Another aspect where we want to focus is to increase our brand presence, he added.