In this investment note, I will discuss MakeMyTrip (NASDAQ:MMYT), which is an online travel company providing travel products and solutions primarily in India. The focus of the article will be on the long-term growth drivers for the company and the analysis of its past performance. The past performance is important to discuss for the company as it throws light on how MakeMyTrip is evolving as a company and as a good investment opportunity.
However, I will not be discussing the valuations as the company has incurred losses for the year ended March 2013. With the company still at an early growth stage, it is more critical to discuss the scalability of the business model and the market growth...
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