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One of the founders and CEO of the game turned OTA site GOIBIBO which has grown into leaps and bounces under his leadership, Ashish Kashyap has resigned. Ashish Kashyap took the position of the President post the Grand IBIBO and MakeMyTrip merger and his resignation will come into effect from Sep 30, onwards.
To everyone surprise the resignation came after a few months of this merger. Speaking on the development Deep Kalra acting CEO and founder of MakeMyTrip said “Ashish Kashyap has made immense contribution in bringing the MakeMyTrip-ibibo deal to fruition and setting a strong foundation for the future success of the combined group. At this juncture, I respect his passion for creating and nurturing new and innovative ideas and we wish him the best for the future.”
At the time of valuation of Ibibo before the merger, it was valuated around $1.8 billion and Ashish Kashyap was the key leadership to make it happen. According to the market speculation it is believed that both founders were finding it difficult to fit their ideas on one platform and this could be the most amicable way of getting this resolved.