An Interview with Rohit Khetrapal and Simran Sial, Co-Founders Of Find MyStay

findmystay
The Indian travel market is projected to grow at 18 per cent in 2013 to reach $23.2 billion, according to a report from PhocusWright. Online travel in India continues to outpace the total travel market, with online gross bookings projected to reach USD 12.5 billion in 2015, up 80 per cent over 2012. Today there are Online Travel Agents like MakeMyTrip, Yatra, Cleartrip and others that offer an array...
1 comment

US Based HomeAway Acquires Travelmob To Expand In Asia

Travelmob-and-HomeAway
Online vacation rental apartment website, HomeAway has acquired Singapore based Travelmob to forays into Asian markets. The financial details were not disclosed, but the US firm will take a 63 percent controlling stake in Travelmob, with the original founders keeping hold of the rest.Founded by Turochas ‘T’ Fuad and Prashant Kirtane in 2012, Travelmob went on to raise a funding round from...
0 comment

AirAsia Teams Up With MakeMyMtrip And Yatra In India

air-asia-thumb
In a bid to sell air tickets for its proposed airline venture in India, AirAsia, the low cost Malaysian airline has partnered popular online travel agencies like MakeMyTrip (MMT) and Yatra.As per the report, MMT has an almost six-month-old partnership with AirAsia for bookings on the international routes and is planning to sell the airline’s tickets on Indian routes going forward. A Yatra official...
0 comment

Online Travel Portal ‘Overalltravel.com’ Goes Live

Flight Tickets  Travel Companies with Lowest Air Fare India  India’s No 1 Travel Site   Overall Travel
Overalltravel.com, an online travel solutions provider has entered the crowded online travel industry. Headquartered in Noida, the  company was launched in June by Bhupendar Mehta and Sanjay Singh. The portal offers flights, hotel and travel booking for domestic and international holidays. It also provides travel related services for corporate get-togethers, exhibitions, conferences, corporate off-sites....
0 comment

MakeMyTrip Is On A Growth Spree; Plans To Use Its $88 Million Balance On Further Expansion

MMT
MakeMyTrip is a giant in the Indian Travel sector. This is evident from the fact that one in every twelve tickets booked in the domestic air sector is done via the company. Adding to this achievement is the fact that its revenue has increased by a whopping 66% in the past year to reach the $197 million figure.In lieu of its recent growth, the company has announced a string of expansion and growth...
0 comment

Redbus & Expedia Partner Up For Collective Edge In Market

Par
The online Travel Business has been booming since the past few years. With Air Travel and even Rail Bookings available online, the general public has taken really well to them. The convenience of any time booking and attractive discounts offered, services like MakeMyTrip, Yatra,  ClearTrip and Expedia garnered up quite an audience for air travel, while IRCTC grew popular for Rail Bookings. Out of...
0 comment

Yatra.com Raises $14.5 Million In D Round Of Funding According To SEC Filing; Doesn’t Acknowledge it

Source: buzzom.com
Leading Indian Online Travel Agent (OTA) Yatra Online has raised $14.5 million in series D round of funding according to a SEC filing. This news was first reported by Techcircle.in According to the SEC disclosure Yatra is raising the capital sum through Series D preferred which is convertible to common stock. Even though Yatra CEO Dhruv Shringi has apparently denied any such fund-raising to Techcircle...
0 comment

Yatra Acquires Travelguru; Become Largest Provider of Hotel Bookings In The Country

Source: bestmediainfo.com
Yatra, one of India’s leading online travel portals has acquired Travelguru, which is the Indian arm of US company, Travelocity. The acquisition of this competitor has definitely made Yatra’s position stronger in the Indian online travel segment.Source: bestmediainfo.comYatra has received funding from Intel Capital, Norwest Venture Partners, Reliance Capital and Valiant Capital Management....
0 comment

Special Feature: Online Travel Companies To Spend Big On Advertising

Online-Travel-Jobs
Online Travel & Tourism companies are expected to spend large sums of money on advertising.Expedia.com that made an entry in India with its ‘Big Daddy of Online travel’ campaign had spent 25 Corers on ad-budget last year. This year it has set aside Rs. 60 Crores. Expedia has just commenced a new campaign that focuses on its comprehensive service offerings – ‘One word for travel’ While...
0 comment

Yatra Acquires Buzzintown.com: What Could Be Yatra’s Strategy?

yatrabuzztown
Yatra.com, an online Travel Services providers has just acquired Buzzintown, a website that provides information on deals and events. Earlier this year, Yatra had secured over 150 Crores & 200 Crores in separate round of funding from various Investment firms including Intel Capital, which, coincidentally has also invested in BuzzInTown.We wonder what could be Yatra’s strategy? In August this...
0 comment