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B2b platform ‘MyBiz’ records 3X growth over pre-covid period

Kanchan Nath

- November 25, 2022

MakeMyTrip’s B2B platform, MyBiz, fueled by its differentiated product offering and a unique go-to market strategy is growing much faster than the corporate travel industry. MyBiz is onboarding large & mid-market corporates; Startups as well as SMEs at an astonishing speed, having recently crossed the 40,000-client user base within just 4 years of its launch.

The platform offers a gamut of services including booking domestic and international flights, hotels in India and overseas, train, cabs, bus, forex, visa, MICE events for its corporate clients. MyBiz currently serves more than 6300 large & mid-market corporates & more than 39,900 SMEs taking the overall client base well past 46,000 mark. The result is that even though the corporate travel market has still not recovered fully, MyBiz has doubled its bookings over last year, and grown more than 3 times over pre-covid period.

“Our intent to automate the entire travel booking process for corporate travellers, offering a b2c experience on a b2b platform, has started delivering impressive results. The high level of automation adds convenience & transparency, which further leads to valuable savings on travel budget for our corporate clients. We are a young player in the corporate travel segment, yet in a short span we are already the leading OTA in this space. Our tech-first agile approach is solving real problems for customers,” said, Rajesh Magow, co-founder & group CEO, MakeMyTrip. “We have acquired 80% of our newly onboarded corporate clients from incumbents this year, without losing any.”

MyBiz has been working on making the on-boarding process easier as well as making billing processes simpler for its users.  Today, a new client, can start transacting on the platform within 2 minutes of being on-boarded. Added capabilities like easy integration with expense management and client’s ERP platform, have enabled corporate travellers to get requisite approvals or bill their expenses with ease thereby making MyBiz the default choice for corporate customers

The true barometer of our success lies-in how much can we help our customers in efficiently managing their travel budget. Our SME business is adding significantly to our overall business, with a very healthy repeat rate. To grow at this rate, without an on-ground team, is further proof of how our digital approach is in sync with the need of our customers,” highlights, Raj Rishi Singh, chief business officer, MakeMyTrip“Our accommodation offering, with a wide variety of 80,000+ hotel & homestay options, has literally changed the b2b travel booking paradigm in the country; in the last two quarters alone, our users have booked hotels in more than 1400 cities across the country using MyBiz. Interestingly, more than 50% of hotel bookings in India happen across tier II/III towns.”

MakeMyTrip targets large, mid, and small enterprises through myBiz and conglomerates and enterprises through Quest2Travel. Some of the leading corporate clients that MyBiz has onboarded in the current year include Max Bupa, Licious, Upgrad, Uniqlo, Hitachi, Blue Energy, Urban Company, Livspace, Biocon, Invest India, Cairn India, NIIT, SRL Diagnostics, ACME, Squareyards, Captain Fresh, Azentio, Vymo, First Ascendas, Reshamandi, Walchand Industries, Cashfree, Forever New, Varun Motors, 5irechain Techno Pvt Ltd.

Leading Enterprises that Quest2Travel has onboarded in the current year includes 3i-infotech, Grant Thornton, Tata Business Hub, Gati Logistics: Firstsource, All cargo, Xiaomi, Air India SATS, Grant Thornton, HDFC Credila, Modenik.

 

 

 

May we all strive to emulate her virtues and remember that true wealth lies in the depth of our character, the sincerity of our actions, and the impact we have on those around us.”

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B2b platform ‘MyBiz’ records 3X growth over pre-covid period

Kanchan Nath

- November 25, 2022

May we all strive to emulate her virtues and remember that true wealth lies in the depth of our character, the sincerity of our actions, and the impact we have on those around us.”

Stay riveted for our next gala event, The Brand Travel Daily Media Travel Excellence Awards that recognizes and celebrates the outstanding achievements of companies and individuals in the travel, airline, and hospitality industry. They are scheduled to take place in 11 October, 2024

For inquires, to attend or sponsor next awards, kindly email here: Gary@traveldailymedia.com

If you know of any female leaders or up and coming superstars in the Travel and Hospitality industry you would like to nominate, please visit our page and complete a nomination form!
The prestigious IWTA Awards 2024 Award Winners are listed below:

content studio box

…there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign.

We can also organise a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

x Studio

Connect with your clients by working with our in-house brand studio, using our expertise and media reach to help you create and craft your message in video and podcast, native content and whitepapers, webinars and event formats
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