Company Overview - NusaTrip Incorporated is a travel ecosystem specializing in Southeast Asia and Asia-Pacific, established in 2015 and headquartered in Jakarta, Indonesia [6] - The company is focused on mergers and acquisitions of offline travel agencies as a key growth strategy, having already acquired VLeisure and VIT in Vietnam [6] Initial Public Offering (IPO) - NusaTrip closed its initial public offering of 3,750,000 shares at a price of $4.00 per share, raising a total of $15.0 million in gross proceeds [1][2] - The shares began trading on the Nasdaq Capital Market under the symbol "NUTR" on August 15, 2025 [2] Use of Proceeds - The net proceeds from the offering will be used for market expansion, merger and acquisition initiatives, and general corporate purposes [2] Market Potential - The CEO of NusaTrip highlighted the favorable conditions in the online travel market in Southeast Asia, citing increasing disposable income and internet penetration [3] - A study by Statista projected that Southeast Asia's online travel market will grow from $46 billion in 2024 to $79 billion by 2030, representing a compound annual growth rate (CAGR) of 9.4% [3] Strategic Vision - The controlling shareholder of NusaTrip expressed confidence in the company's potential for accelerated growth in the online travel market [4] - NusaTrip aims to facilitate inbound travel to Southeast Asia and outbound travel from the region to the rest of the world [6]

India's Growth and Digital Landscape - India's GDP is expected to surpass Japan and Germany by 2030[6] - India's GDP grew by 6.2% in Q3 FY25[5] - Internet users in India are expected to reach 1 billion by 2025, with a current penetration of 55% (~821 million users)[11] - E-commerce shoppers in India are projected to reach 500 million by 2030, up from ~330 million with a current penetration of 23%[11] - The online travel market in India is expected to grow from $12 billion in 2022 to $60 billion in 2030, a 5x growth[11] MakeMyTrip's Market Position and Reach - MakeMyTrip is among the largest travel platforms in India[12] - The platform has over 82 million lifetime transacted customers and over 505 million app downloads[13] - MakeMyTrip has 4.4 million+ loyalty program members[13] - MakeMyTrip has leading market share of online air ticketing[24] - redBus has sold 327 million+ bus tickets since FY18[41] Financial Performance - MakeMyTrip achieved its highest ever annual gross booking of $9.798 billion in FY25[72] - The company's highest ever adjusted operating profit was $166.8 million in FY25[72] - In Q4FY25, Air Ticketing adjusted margin was $94.2 million, Hotels & Packages was $109.6 million, Bus Ticketing was $36.5 million and Others was $20.9 million[72]