Yatra is the leading corporate travel company in India and just picked up a record 97 meaningful corporate customers in India last year. American Express and Booking are some of the companies that have a big presence in corporate accounts and potential m&a partners
Also, they just reported FYQ4 Adjusted Revenue Growth of 93% and Returned to Profitability. India is one of the hottest markets They will be the first company to list on India after being on the US markets. No one knows about this potential catalyst that in my opinion will happen in the next month or two. They have to have it complete by Nov 16th or would have to refile and companies never went until last few days.
The business is firing on all cylinders. Will do around 15% Rev growth q over q. Will continue to gain corporate customers (ones they signed last 9 months will start scaling by January) ipo action has been picking up in India but what's important is that they have mostly ripped post listing. Their is a very low float due to the top 10 investors owning more than 50% of stock via whale wisdom. Some of those investors have been involved for years. Mak capital owns more than 20% of stock. Because some investors are so large imo due to low volume they can only get out with a liquidity event or huge increase in volume.
Other things of importance
m&a not off table prior to or post ipo due to technology and demographics.
Middle East and Africa licensing partnerships will start to be meaning full towards end of year and I expect others to be announced this year.
Logistics slower because rates crashed but that's good news for the economy and travel.
Ipo announced for alibaba logistics recently
Their is a great seeking alpha article that's relevant from January that I will post in the comments
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