Quantcast
Digital Booking Sites

India’s Yatra Gets Big $23 Million Funding At $400 Million Valuation

Excerpt from Economic Times

Apr 16, 2014 9:19 am

Skift Take

India’s very competitive online booking space will see a lot of change over the next few years as a lot of business moves even more mobile, and also moves away from low margin airlines into hotels. This give Yatra enough money for now to compete.

— Rafat Ali

Win a Food Tour For Two Through Charleston, SC


Yatra.com, India’s second largest online travel agency by market share, has raised Rs 140 crore ($23 million)…led by new investors IDG Ventures India and Vertex Venture Holdings, a wholly-owned subsidiary of Temasek Holdings, the investment arm of the government of Singapore. This is fifth round of funding for travel services portal…was valued at about $400 million .

Yatra, which also counts Bollywood mega star Salman Khan as one of its investors and as its brand ambassador, will use the proceeds from this round of funding for branding, and expanding its hotels bookings business and to enhance its mobile platform.

Read the Complete Story →

Tags: , ,

Next Up

More on Skift

Airbnb’s New $1 Billion Funding Would Value It At $20 Billion
Best Travel Ads This Week: Brands Building Emotional Connections
9 Top Hotel CEOs Talk About Guests’ Insatiable Demands for Wi-Fi
Megatrend For 2015: Natural Semantic Search Brings Quality Choices to Travelers