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Our Bureau

New Delhi , May 25

MAKEMYTRIP.COM, an online travel company, has secured an investment of Rs 43 crore ($10 million) from SB Asia Infrastructure Fund (SAIF).

The investment will help power the company's India launch, finance acquisition of an outbound and domestic tour company, apart from consolidating its position in the US market.

The company also plans to tap the capital market with an initial public offering in the next three-four years, the Company Founder and Chief Executive Officer, Mr Deep Kalra, told mediapersons here on Wednesday . "We will also look at acquiring a company definitely during fiscal 2006," Mr Kalra said.

The company's plans include launching a comprehensive basket of products within the country starting with outbound and domestic travels services for the leisure and small-business traveller.

The company has targeted sales of $120 million during 2006 and hopes to see sales touch $800 million by 2009.

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