UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G/A

Under the Securities Exchange Act of 1934
(Amendment No. 4)*

YATRA ONLINE, INC.

(Name of Issuer)

Ordinary Shares, par value $0.0001 per share

(Title of Class of Securities)

G98338109

(CUSIP Number)

December 31, 2020

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o Rule 13d-1(b)

x Rule 13d-1(c)

o Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. G98338109
	1.	Names of Reporting Persons MAK Capital One L.L.C.
	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)	x
		(b)	o
	3.	SEC Use Only
	4.	Citizenship or Place of Organization Delaware
Number of Shares Beneficially Owned by Each Reporting Person With			5.	Sole Voting Power
			6.	Shared Voting Power 11,434,913
			7.	Sole Dispositive Power
			8.	Shared Dispositive Power 11,434,913
	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 11,434,913
	10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o
	11.	Percent of Class Represented by Amount in Row (9) 18.6%1
	12.	Type of Reporting Person (See Instructions) IA

¹   Based on 61,420,404 ordinary shares outstanding (on an as converted basis) as disclosed in Exhibit 99.1 to the Issuer’s SEC Form 6-K filed with the Securities and Exchange Commission (“SEC”) on February 4, 2021.

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CUSIP No. G98338109
	1.	Names of Reporting Persons Michael A. Kaufman
	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)	x
		(b)	o
	3.	SEC Use Only
	4.	Citizenship or Place of Organization United States
Number of Shares Beneficially Owned by Each Reporting Person With			5.	Sole Voting Power
			6.	Shared Voting Power 11,434,913
			7.	Sole Dispositive Power
			8.	Shared Dispositive Power 11,434,913
	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 11,434,913
	10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o
	11.	Percent of Class Represented by Amount in Row (9) 18.6%2
	12.	Type of Reporting Person (See Instructions) IN

²   Based on 61,420,404 ordinary shares outstanding (on an as converted basis) as disclosed in Exhibit 99.1 to the Issuer’s SEC Form 6-K filed with the SEC on February 4, 2021.

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CUSIP No. G98338109
	1.	Names of Reporting Persons MAK Capital Fund LP
	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)	x
		(b)	o
	3.	SEC Use Only
	4.	Citizenship or Place of Organization Bermuda
Number of Shares Beneficially Owned by Each Reporting Person With			5.	Sole Voting Power
			6.	Shared Voting Power 11,434,913
			7.	Sole Dispositive Power
			8.	Shared Dispositive Power 11,434,913
	9.	Aggregate Amount Beneficially Owned by Each Reporting Person 11,434,913
	10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o
	11.	Percent of Class Represented by Amount in Row (9) 18.6%3
	12.	Type of Reporting Person (See Instructions) PN

³   Based on 61,420,404 ordinary shares outstanding (on an as converted basis) as disclosed in Exhibit 99.1 to the Issuer’s SEC Form 6-K filed with the SEC on February 4, 2021.

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Item 1.
	(a)	Name of Issuer YATRA ONLINE, INC.
	(b)	Address of Issuer’s Principal Executive Offices 1101-03, 11th Floor, Tower B, Unitech Cyberpark, Sector 39, Gurgaon, Haryana 122002, India
Item 2.
	(a)	Name of Person Filing The names of the persons filing this statement on Schedule 13G are:      i.     MAK Capital One L.L.C. (“MAK Capital”), an investment adviser registered under the Investment Advisers Act of 1940;      ii.    Michael A. Kaufman (“Mr. Kaufman”); and      iii.   MAK Capital Fund LP (“MAK Fund” and collectively, the “Reporting Persons”).
	(b)	Address of Principal Business Office or, if none, Residence The principal business address of (i) MAK Capital and Mr. Kaufman is 590 Madison Avenue, 24th Floor, New York, NY 10022; and (ii) MAK Fund is c/o Wakefield Quin, Victoria Place, 31 Victoria Street, Bermuda.
	(c)	Citizenship MAK Capital is a Delaware limited liability company. Mr. Kaufman is a United States citizen. MAK Fund is a Bermuda limited partnership.
	(d)	Title of Class of Securities Ordinary Shares, par value $0.0001 per share
	(e)	CUSIP Number G98338109
Item 3.	If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c) check whether the person filing is a:
	(a)	o	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
	(b)	o	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
	(c)	o	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
	(d)	o	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
	(e)	o	An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
	(f)	o	An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
	(g)	o	A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
	(h)	o	A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
	(i)	o	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
	(j)	o	A non-U.S. institution in accordance with § 240.13d–1(b)(1)(ii)(J);
	(k)	o	Group, in accordance with § 240.13d–1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d–1(b)(1)(ii)(J), please specify the type of institution:____________________________

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Item 4.	Ownership
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
	(a)	Amount beneficially owned: 11,434,913
	(b)	Percent of class: 18.6% The calculation is based on the number of Ordinary Shares beneficially owned as of the close of trading on December 31, 2020 and on there being 61,420,404 ordinary shares outstanding (on an as converted basis) as disclosed in Exhibit 99.1 to the Issuer’s SEC Form 6-K filed with the Securities and Exchange Commission (“SEC”) on February 4, 2021.
	(c)	Number of shares as to which the person has:
		(i)	Sole power to vote or to direct the vote Not applicable.
		(ii)	Shared power to vote or to direct the vote Mr. Kaufman, MAK Fund and MAK Capital have shared power to vote or direct the vote of the 11,434,913 shares owned by MAK Fund.
		(iii)	Sole power to dispose or to direct the disposition of Not applicable.
		(iv)	Shared power to dispose or to direct the disposition of Mr. Kaufman, MAK Fund and MAK Capital have shared power to dispose or direct the disposition of the 11,434,913 shares owned by MAK Fund.
Item 5.	Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following   o.
Item 6.	Ownership of More than Five Percent on Behalf of Another Person
	Not applicable.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person
	Not applicable.
Item 8.	Identification and Classification of Members of the Group
	Not applicable.
Item 9.	Notice of Dissolution of Group
	Not applicable.

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Item 10.

Certification

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

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SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: February 12, 2021

MAK CAPITAL ONE L.L.C.
By:	/s/ Michael A. Kaufman
	Michael A. Kaufman, Managing Member
	/s/ Michael A. Kaufman
	MICHAEL A. KAUFMAN
MAK CAPITAL FUND LP
By: MAK GP LLC, general partner
By:	/s/ Michael A. Kaufman
	Michael A. Kaufman, Managing Member

	ATTENTION
Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).

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