Exhibit 99.1

revolving Loan facility

THIS AGREEMENT IS MADE AND ENTERED INTO

between

Ctrip.com (Hong Kong) Limited, a company incorporated and existing under the laws of Hong Kong, with its registered office at Unit 3003 30/F PAUL Y CENTRE 51HUNG TO ROAD KWUN TONG KL HONGKONG (the “Lender”)

and

MAKEMYTRIP FZ LLC, registered as a Free Zone Company with limited liability under the laws of Dubai and having its office at Premises No.: 3306, Floor: 33, Shatha Tower, Dubai, UAE (the “Borrower”).

The Lender and the Borrower are hereinafter collectively referred to as the “Parties”.

WHEREAS the Lender agrees to make available the sum of USD70’000’000.00 (Seventy-million USD) (the “Loan facility”) to the Borrower;

WHEREAS the Borrower agrees to borrow the said sum from Lender upon the terms and conditions set forth herein;

NOW, THEREFORE, the Parties have agreed as follows:

Article 1 – Loan

Article 2 – Margin, Interest and Interest period

Article 3 – Duration

Article 4 – Repayment

Article 5 – Representations and Warranties

This Agreement to which Borrower is a party has been duly and properly executed by Borrower, constitutes the valid and legally binding obligation of Borrower and is fully enforceable against Borrower in accordance with its respective terms, subject only to laws affecting the rights of creditors generally and application of general principles of equity.

The execution, delivery and performance by Borrower of this Agreement to which Borrower is a party and the borrowings hereunder will not (a) violate (i) any provision of law or any order, rule or regulation of any court or agency of government, (ii) any award of any arbitrator, or (iii) any indenture, contract, agreement, mortgage, deed of trust or other instrument to which Borrower is a party or by which Borrower or any of its property is bound, or (b) be in conflict with, result in a breach of or constitute (with due notice and/or lapse of time) a default under, any such award, indenture, contract, agreement, mortgage, deed of trust or other instrument, or result in the creation or imposition of any lien upon any of the property or assets of Borrower.

Except to the extent already disclosed by the Borrower in its public/ SEC filings, there are no judgments, injunctions or similar orders or decrees, claims, actions, suits or proceedings pending or threatened against or affecting Borrower or any property of Borrower, at law or in equity, by or before any court or any governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign, which could result in any material adverse change in the business, operations, prospects, properties or in the condition, financial or otherwise, of Borrower, and Borrower are not in default with respect to any

judgment, order, writ, injunction, decree, rule or regulation of any court or any governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign, which could have a material adverse effect on Borrower.

Borrower has paid or caused to be paid all local and foreign jurisdiction taxes to the extent that such taxes have become due and has filed or caused to be filed all local and foreign jurisdiction tax returns which are required to be filed by Borrower.

All financial statements, schedules, reports and other information supplied to Lender by or on behalf of Borrower heretofore and hereafter are and will be true and complete.

Borrower has no outstanding indebtedness except as permitted by hereof and there exists no default under the provisions of any instrument evidencing such indebtedness or under the provisions of any agreement relating thereto.

At the time of every drawdown under this Agreement, Lender shall be fully satisfied that

Article 6 – Affirmative Covenants

Borrower covenants and agrees with Lender that, during the term of this Agreement and until (a) all of the Loan Facility have been paid in full and (b) there exists no commitment by Lender which could give rise to any Loan Facility, Borrower will absolutely and unconditionally do and perform each of the following acts, promises and covenants:

Pay and discharge, all taxes, assessments and governmental charges upon Borrower and their income and properties on a timely basis prior to the date on which penalties attach thereto unless and to the extent only that the same are being diligently contested by Borrower, as the case may be, in good faith by appropriate proceedings, provided, however, that (a) Lender shall have been given reasonable prior written notice of intention to contest, (b) non-payment of the same will not, in Lender’s sole discretion, impair any of Lender’s rights or remedies or the prospect for full and punctual payment of all of the Loan Facility, and (c) Borrower establishes reasonable reserves for any liabilities being contested and for expenses arising out of such contest.

Promptly notify Lender in writing of any action, suit or proceeding at law or in equity by or before any court, governmental agency or instrumentality which could result in any material adverse change in the business, operations, prospects, properties or assets or in the condition, financial or otherwise, of Borrower.

Promptly execute, acknowledge and deliver, or cause to be executed, acknowledged and delivered, from time to time to Lender such supplements hereto and such other instruments and documents as may be reasonably requested by Lender to protect and preserve Lender’s rights and remedies hereunder.

Deliver to Lender promptly upon Lender’s reasonable request, and periodically if Lender shall so require, such written statements, schedules or reports (which shall be certified if required by Lender) in such form, containing such information and accompanied by such documents as may be satisfactory to Lender from time to time concerning Borrower’ or any affiliate’s financial condition or business operations or any other matter or matters, including, without limitation, copies of local or foreign jurisdiction’s tax returns of Borrower, and permit Lender and its respective agents and designees to discuss Borrower’ financial condition and business operations with Borrower’ officers and employees.

Immediately notify Lender in writing of the occurrence of any Event of Default or any event which, with the giving of notice and/or the lapse of time, could constitute or result in an Event of Default and the facts with respect thereto.

Article 7 – Negative Covenants

Borrower covenants and agrees with Lender that, until (a) all Loan Facility have been paid in full and (b) there exists no commitment by Lender which could give rise to any Loan Facility and, Borrower will not, directly or indirectly, without the prior written consent of Lender:

Create, incur, assume or permit to exist any indebtedness except (a) indebtedness incurred hereunder, and (b) current Indebtedness incurred in the ordinary course of business.

Create, incur, assume or permit to exist, directly or indirectly, any lien upon any of Borrower’s properties or assets, now owned or hereafter acquired by Borrower, other than liens permitted by Lender.

Guarantee or otherwise in any way become or be responsible for obligations or indebtedness of any other person (except for its own subsidiaries and group companies), whether by agreement to purchase the indebtedness of any other person, by agreement for the furnishing of funds to any other person for the purchase of goods, supplies or services, or by way of stock purchase, capital contribution, advance or loan for the purpose of paying or discharging indebtedness of any other person, or otherwise, except that Borrower may endorse negotiable drafts for collection in the ordinary course of business.

Article 8 – Event of Default

The occurrence of any one or more of the following events shall constitute an “Event of Default”:

Article 9 – Rights and Remedies

Upon and after the occurrence of an Event of Default, Lender may, without notice or demand, exercise in any jurisdiction in which enforcement hereof is sought, any or all of the following rights and remedies, in addition to the rights and remedies available to Lender under applicable law, all such rights and remedies being cumulative and enforceable alternatively, successively or concurrently:

Article 10 – Tax

Each Party shall bear its own respective taxes and fulfil its respective tax compliance obligations, in accordance with the applicable tax laws, unless otherwise agreed in this agreement. In the event that applicable tax laws change, or new tax laws become effective, or if there is any change in the interpretation or application of such tax laws during the term of this agreement, one Party shall notify the other Party. The Parties shall make an equitable adjustments to such changes in good faith, and such adjustments, if any, shall be agreed by the Parties.

Article 11 – Miscellaneous Provisions

Any amendments to this Agreement, as well as any additions or deletions, shall be agreed in writing by both Parties.

Whenever possible, the provisions of this Agreement shall be interpreted in such a manner as to be valid and enforceable under the applicable law. However, if one or more provisions of this Agreement are found to be invalid, illegal or unenforceable, in whole or in part, the remainder of that provision and of this Agreement shall remain in full force and effect as if such invalid, illegal or unenforceable provision had never been contained herein.

The existence of this Agreement, and all matters contained herein, are confidential and shall not be disclosed externally unless required by the applicable law.

Article 12 – Application Law & Jurisdiction

All issues, questions and disputes concerning the validity, interpretation, enforcement, performance and termination of this Agreement shall be governed by and construed in accordance with law of Hong Kong, and the Parties, in the event of any legal disputes, agree to submit to the arbitration which shall be conducted in Hong Kong under the auspices of the Hong Kong International Arbitration Centre (the “HKIAC”) under the HKIAC Administered Arbitration Rules in force when the notice of arbitration is submitted. The award of the arbitration shall be final and binding upon the Parties.

Executed on 18^th August, 2020 in two original copies, each Party acknowledging receipt of one.

FOR AND ON BEHALF OF THE LENDER: CTRIP.COM (HONG KONG) LIMITED

Dan Min Chen

Finance Associate Vice President

18^th August, 2020

/s/ Dan Min Chen

FOR AND ON BEHALF OF THE BORROWER: MakeMyTrip FZ-LLC (UAE)

Mohit Kabra

Director

18^th August, 2020

/s/Mohit Kabra