RSS FeedBattery Ventures, Sequoia Capital Invest $15 Million In Travelguru
Wed, 11/29/2006 - 19:11 — Sahad P V
It's official. Indian online travel company Travelguru has received second round funding of $15 million from Battery Ventures and Sequoia Capital India.
This is the first investment in the "Indian consumer internet space" by Battery Ventures. The investment from Battery side was led by General Partner Mark Sherman. KP Balaraj, Managing Director, led the investment from Sequoia Capital India.
Travelguru is a hotel and airline ticketing consolidator in the B2C space. The site claims to service about 70,000 customers a month.
Indian online travel space is set to get hotter again with companies going in for second round of funding. MakeMyTrip is set to announce about $10-12 million funidng from Helion Venture Partners, Sierra Ventures and also from the return backer SAIF Partners. Cleartrip is also planning its second round (about $10 million) early next year.
Comments
My mistake. It should have
, November 29, 2006My mistake. It should have been read as "Battery's first investment in the Indian consumer internet space". Mark Sherman says in the press release: “We are very happy to announce our first major investment in the consumer internet space in India with Travelguru."
Thanks for pointing out the error anyways.
That said, I will try to be as accurate as possible. But I cannot guarantee that the information provided here will be absolutely error-free.
Sahad, Disappointed to see
, November 29, 2006Sahad,
Disappointed to see uninformed reporting from you - this is by no means the first investment by Battery Ventures in India...Tejas Networks has received multiple rounds of funding from Battery with the first round happening a while back...
Trust you will do your homework prior to making statements like this!
Cheers,
SR
Sahad: You are doing an
, December 01, 2006Sahad:
You are doing an amazing job. To err is human.