Released on = December 15, 2006, 2:10 am

Press Release Author = Arun Mathews

Industry = Consumer Services

Press Release Summary = India's largest online travel company, MakeMyTrip.com, has
raised $13 million in its secondround of funding. The investment comes from three
blue-chip venture capital firms - Helion Ventures, Sierra Ventures and existing
investors, SB Asia Infrastructure Fund (SAIF).

Press Release Body = India's largest online travel company, MakeMyTrip.com, has
raised $13 million in its secondround of funding. The investment comes from three
blue-chip venture capital firms - Helion Ventures, Sierra Ventures and existing
investors, SB Asia Infrastructure Fund (SAIF).

Announcing the investment in New Delhi on Thursday, Deep Kalra, Founder &
CEO,MakeMyTrip.com said, "This investment will be used for enhancement in our
infrastructure andtechnology capabilities as the business gears up to serve over 2
million customers in 2007"added Deep Kalra.

"MakeMyTrip.com is the clear leader in the rapidly growing online travel space in
India and Helion is proud to be associated with it," said Sanjeev Aggarwal, Managing
Director, Helion Ventures Pvt. Ltd. "We believe that MakeMyTrip.com stands apart in
an increasingly crowded marketplace due to a winning combination that brings
together deep experience in the online travel business, a world class management
team, a strong and well-established network of fulfillment options and the ability
to continually innovate as the market leader."

"Online travel addresses a large market in India. Sierra Ventures has been focused
on the industry for some time now and we have reviewed investment opportunities in
several competing portals" said Tim Guleri, Managing Director, Sierra Ventures.
"MakeMyTrip.com is the largest and most successful online travel vendor in India and
we believe the management team will continue to lead the market with distinct
product innovations and strong industry partnerships."

"SAIF is excited about increasing it's investment in MakeMyTrip. Since our initial
investment in the company in 2005, the management has done a stellar job of building
a powerful brand and differentiating itself in the crowded market. With this fresh
infusion of capital, we believe that MakeMyTrip will not only maintain its dominant
position in the market, but expand on its significant lead over the competitors."

"This investment will help us respond more pro-actively to the phenomenal demand
expressed by Indian consumers to buy online travel services from MakeMyTrip.com"
MakeMyTrip is on track to record sales of Rs.600 crores (USD 130M) in the current
fiscal year ending March 07, effectively registering a growth of 200% from the
previous year. Since its launch of online travel services in India, MakeMyTrip has
grown rapidly to become the largest issuer of air- tickets in the country and also
the leading seller of hotel reservations and holidays in India.

Sanjeev Aggarwal, Managing Director, Helion Ventures Pvt. Ltd and Tim Guleri,
Managing Director, Sierra Ventures will now join the board of directors, which
comprises eminent industry experts, Mr. Philip C. Wolf, globally renowned travel
guru, Mr. Sanjeev Bhikchandani, Founder and CEO, Naukri.com and Mr. Frederic
Lalonde, a former Expedia senior executive, besides Ravi Adusumalli of SAIF and
senior management of MMT.

About MakeMyTrip India
The India business of MMT was launched in September 2005. As the first and only
comprehensive online travel site with real time booking for flights, hotels,
holidays and cars, MakeMyTrip.com is heralding a revolution in the way travel will
be bought in India.

Within a year of its launch MakeMyTrip has acquired over 250,000 delighted customers
and sells over 4000 flight tickets, 400 hotel room nights and over 100 holiday
packages every day. The site attracts over 1.2 Million unique visitors every month
according to WebSideStory, HBx Analytics, an independent traffic-monitoring agency.
In India MakeMyTrip has also partnered with ICICI to power their TravelSmart Card,
is providing travel services to HSBC credit card customers, Visa and Kingfisher to
service their travel offers and also power the online flight auctions of GoAir and
Kingfisher on the Rediff website.

Headquartered at New Delhi, MakeMyTrip has projected a turnover of Rs 600 crores
(USD 130 Millions) in current fiscal, which is a 200% growth from last year's
registered sales of Rs 200 crores (USD 42 Million). MakeMyTrip.com has over 450
employees on board and offers 24x7 customer service.

About MakeMyTrip US
MakeMyTrip.com was launched in 2000 to cater to the niche USA to India travel
market. Since its inception, it has been growing at a fast pace to emerge as the
foremost travel website in the US to India market. MakeMyTrip.com has 3.5 % share of
this NRI market, which is pegged at Rs 4500 crore (USD 1 Billion).

With over 100,000 customers and 130,000 registered users in the US, MakeMyTrip has a
renewal rate of 30%. NRI's can book tickets to India online or call our Travel
consultants who are available 24x7 on US toll free 1800-India-10. The unprecedented
growth rate, superior technology , excellent customer service and over three years
of profitable operations, has established MakeMyTrip as the number one destination
for NRI's when looking to book travel to India.
Outside of India, MakeMyTrip offices are located in New York and Sydney.

About Helion Venture Partners
Helion Venture Partners is a $140 million multi-stage, India-focused venture fund.
The fund invests in technology-powered businesses such as Outsourcing, Internet,
Mobile and Technology Products. The fund's investors are well-respected Global
institutions including Ivy League endowment funds and highly-successful Internet
pioneering entrepreneurs. The fund and its portfolio companies are advised by an
experienced and industry renowned team of professionals based in India which include
Sanjeev Aggarwal, Ashish Gupta, Kanwaljit Singh and Rahul Chandra. www.helionvc.com

About Sierra Ventures
Sierra Ventures is a private venture capital firm focusing its investments in
Information Technology companies. Our current investments include companies based in
the United States, Canada, China and India. We work with entrepreneurs and
management teams to originate and build new companies into large, profitable
businesses. Sierra Ventures manages nine venture capital partnerships, which
together have more than $1.5 billion of committed capital.

About SOFTBANK Asia Infrastructure Fund
SAIF is a private equity fund investing in communications, media and information
technology product and service companies who are based, have key operations or
significant growth potential in the Asia-Pacific region. SAIF was founded in
February 2001 following the formation of a strategic partnership between SOFTBANK
Corporation and Cisco Systems, the founding limited partner of the fund. Cisco is a
key financial and strategic partner for SAIF. SAIF currently manages over $1 billion
in capital.


For further information, please contact:
Gayatri Buddha,
AVP Marketing & Alliances, MakeMyTrip.com
+91-11-43235147, gayatri.buddha@makemytrip.com

* According to India Online 2006 report, MakeMyTrip is the number one web site for
booking air tickets


Web Site = http://www.makemytrip.com

Contact Details = Gayatri Buddha,
+91-11-43235147, gayatri.buddha@makemytrip.com