When Yatra.com began its operations as a start-up in January 2006 it comprised only of three employees: co-founders Sabina Chopra (co-founder and EVP operations), Dhruv Shringi (co-founder & CEO) and Manish Amin (co-founder). In the next four years that number has swelled to 700 strong and will further grow this year as the travel portal that made travelling popular with the Indian tourist plans to expand its business network.
Although the Indian tourism market has been booming ever since the start of this decade succeeding in their travel venture was not a smooth ride for these three former employees of ebookers.com, a leading UK-based flights booking and hotel reservation agency. Click-by-click, brick-by-brick they assiduously built a business that had the backing of some of the best venture capitalists that include the Norwest Venture Partners, Reliance Capital and TV18 from the day they began their operations.
In an interview with rediff.com, Sabina Chopra, co-founder and executive vice president, operations, Yatra.com, spoke about the company's initial challenges, how they overcame them, their hiring plans and do's and don'ts for young entrepreneurs.
How did Yatra.com happen?
While I was working with ebookers (between 2000 and 2005) use of Internet to make online travel bookings was growing rapidly. That's where I learned what online travel was all about. My two partners Dhruv and Manish were also with ebookers at that time. All three of us were working together in different fields. I was in the operations, Manish was handling technology and Rohit was in finance.
It was there that we worked on the idea of doing something on our own. From there on we prepared a business plan and went in for funding which worked for us. We set up Yatra in the January 2006.
How easy or difficult was it for you to convince venture capitalists to put money in a business concept which was just about taking roots in India?
Our business plan. The business plan that we pitched to them was based on a very strong footing. And the three of us had solid grounding and expertise in how the online travel business worked. Our experience, our background, and the key skill set that each of us in the team possessed helped us get venture funding.
My area of strength was operations and business development, Manish had a solid grounding in web site development as he developed ebookers' web site and Dhruv was the guy who is wonderful with finance.
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