Yatra Online raises Rs 200 cr to fund expansion

Gurgaon-based travel services provider Yatra Online Pvt Ltd has raised Rs 200 crore from Valiant Capital Management, Norwest Venture partners and Intel Capital for expansion purposes.

PTI | April 22, 2011



Gurgaon-based travel services provider Yatra Online Pvt Ltd today said it has raised Rs 200 crore from Valiant Capital Management, Norwest Venture partners and Intel Capital for expansion purposes.

"This round of funding will enable us to broaden our reach and brand awareness in tier two and tier three towns, which are experiencing tremendous growth in e-commerce," Yatra Chief Executive Officer Dhruv Shringi said in a statement.

In addition, the funds will be used to accelerate expansion in the hotels and holidays segments, Shringi added.

Yatra currently provides reservation facility for more than 3,800 hotels across 336 cities in India and over 90,000 hotels around the world.

Last year, the company had picked up majority stake in Delhi-based ticketing services provider Travel Services International (TSI) for an undisclosed amount to strengthen its position in business to business (B2B) segment.

Yatra has in the past, received Rs 150 crore funding from investors such as Reliance ADA Group company Reliance Venture Asset Management, TV18 Group, Norwest Venture Partners and Intel Capital.

Commenting on the latest round of funding, Intel Capital Asia Pacific Managing Director Sudheer Kuppam said, "This investment is aligned with Intel's strategic objective of increasing broadband penetration in India through fostering entrepreneurship in compelling content and e-commerce opportunities."

Yatra registered a turnover of USD 500 million in 2010-11, Shringi said.
 

Comments

 

Other News

BJP set to capture West Bengal

The political map of the country is set to be redrawn with the BJP set to win the West Bengal assembly elections, apart from Assam and the union territory of Puducherry. In Kerala, meanwhile, the Congress-led UDF is set to regain power. The filmstar Vijay-led TVK has emerged as the front-runner in Tamil Na

Beyond LPG: Is PNG ready for India’s next cooking fuel transition?

India, the second-largest importer and consumer of LPG after China, faces growing pressure due to supply constraints. Most of India`s LPG imports transit through the Strait of Hormuz, a focal point of global turmoil. Given that LPG forms the backbone of household kitchens and the restaurant industry, any s

Maharashtra adopts hybrid model for Census 2026 data collection

The government has initiated preparations for Census 2026 in Maharashtra, introducing a hybrid approach that combines optional self-enumeration with comprehensive door-to-door data collection to ensure complete coverage across the state.   According to senior officials, the Self-

What the nine Indian Nobel winners have in common

A Touch Of Genius: The Wisdom of India’s Nobel Laureates Edited by Rudrangshu Mukherjee Aleph Books, Rs 1499, 848 pages  

Income Tax dept holds Ghatkopar Outreach on new IT Act

The Income Tax Department organised an outreach programme in Ghatkopar, Mumbai, to raise awareness about the key features of the Income Tax Act, 2025, effective April 1, 2026. The initiative is part of a nationwide effort to promote taxpayer awareness, simplify compliance, and strengthen a transparent, eff

Making AI work where governance is closest to people

India’s next governance leap may not solely come from digitisation. It will come from making public systems more intelligent, more adaptive, and more responsive to the dynamics at the grassroots. That opportunity is especially significant at the panchayat level, where governance is not an abstract po


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter