India's largest travel-related website, MakeMyTrip ltd has said that it is going to sell some of its stock in the US through an IPO.

The total worth of the stakes is going to be around $100 million and the company is aiming at raising much more from the markets than this.

It is looking forward to list itself on the Nasdaq Global Market with the ticker symbol of MMYT, said the company which has been in operation for a decade.

As for the proceeds, they will be used for the purpose of various acquisitions as well as in other fields as well.

While the company has seen a surge in its business, the trouble with the company is that it has never seen a profitable year.

During last fiscal year, the company posted a loss of $6.7 million which was lesser than what it saw an year before it with a loss of $7.3 million. Revenues during the period went up by 22 per cent to end at $83.6 million.

Now the good thing is that the Indian travel industry is expected to go up between 30-35 per cent.