Hotel Aggregation Company MagicRooms Acquired By Yatra

It was reported that had raised investment of 200 crore from investors like Valiant Capital Management, Norwest Venture Partners (NVP) and Intel Capital.  The investment was utilized to modify their marketing and sales activities along with its development of their business and hotel schemes. Now it is reported that, has acquired Hotel aggregation company MagicRooms.

Though the details are still unknown, the acquisition will surely help the travel portal as it is currently facing lot of competition from it’s competitors. This deal is assumed to  unite and strengthen online Travel and Hospitality space.

To attract more userbase also launched a service called ‘Cash on Delivery’. also displayed advertisements on it’s site, it also partnered with Yahoo! India utilizing Yahoo’s massive reach. This tie- up led to be featured as Knowledge Partner on Yahoo! Answers for Travel category.

According to the report, MagicRooms had raised 7 crore (USD 1 million) from Nexus Venture. is ranked 3rd among the top 10 travel portal among users, according to  Comscore. Some of the competitors of are, Tavelocity, Expedia, etc.

One Response to “Hotel Aggregation Company MagicRooms Acquired By Yatra”

  1. August 1, 2011 at 3:02 pm #

    Oh thats good. I had read about in entrepreneur mag sometime back. Liked the system.

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