India, Feb. 16 -- Listed traveltech company EaseMyTrip is planning to undertake a fresh fund raise of up to Rs.500 Cr (around $55 Mn) to expand its presence across non-core segments, particularly in hotels and holidays.

In a statement today, the company said that its board has given an in-principle approval to a proposal to raise funds through the issuance of equity shares or other eligible securities, subject to requisite approval.

The company is yet to decide on the kind of fundraise it plans to undertake. The fundraise is expected to happen over multiple tranches, which include modes like rights issue, qualified institutions placement (QIP), preferential issue or private placement.

Besides investing in its non-core segments, the com...