eyefortravel.com - Travel Distribution News, Events and Analysis: "VC's invest in 2 Indian online travel Companies
In an another development underlining the burgeoning online travel segment in India, venture capital fund WestBridge Capital Partners has decided to back Travelguru, a technology-enabled travel company....
As per the plans, customers will be able to book their travel across 300 airlines and 55,000 hotels in India and abroad in “a fast, convenient and reliable manner”. Travelguru’s innovative and patented metasearch technology provides travelers with more travel options at better prices than any other player in this space currently, according to an official release...
Travelguru has plans for providing rich hotel related content such as details on nearby attractions, hotel photographs, room facilities and distance form airport/railway stations.
In another development, VC fund Kleiner Perkins Caufield and Byers (KPCB) has finally decided to take the plunge with its first investment in India. The VC fund is making an investment in the travel business through a stake in Cleartrip.com , an online travel portal for India, according to financial daily, The Economic Times."
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