Yatra.com Bullish On Acquisitions; Aims To Increase Its Hotel Segment

There are very few companies that go from a startup to a huge turnover organization in a short span of time as Gurgaon based online travel agency yatra.com has done it in. Founded just in 2006 by Dhruv Shringi, Manish Amin and Sabina Chopra, yatra.com has done it all; raised funds, invested back and undertaken acquisitions as its corporate strategy. With 30 percent share of the total online travel...
0 comment

Network18 Dilutes Its Stake In BookMyShow From 60% to 40%

Network18 which was a majority stake holder in BookMyShow.com has diluted the same. BookMyShow’s 60% of the shares (held privately) were in the hands of Network18. After the sell-out, Network18 will hold 40%, & will still be a single largest share-holder in the web-company.Just this week we saw Accel Partners investing Rs. 100 Crores (US$ 18 Million) in BookMyShow. Has this news something to...
0 comment

Online Travel Portal Yatra Sets Sights For US IPO

Online Travel Agent (OTA) Yatra.com is contemplating a Public Listing of its shares on an American Stock Exchange. Yatra.com has been growing steadily over the years. With Indians looking online for better & cheaper travel deals, such companies have been making brisk business.In fact, companies like these are also advertising on mainstream television to garner business. Yatra had recently acquired the...
0 comment

Hotel.com Adds New iPad Apps To Its Mobile Portfolio

Hotels.com, one of the better known hotel booking website, has launched a new specially-designed iPad application available for free download. Available in more than 30 languages, the app allows users to search and book 140,000 hotels around the world. They can choose from 20,000 last minute deals, browse more than 2.5 million user reviews and find last-minute bookings close to their location.The...

Hotel Aggregation Company MagicRooms Acquired By Yatra

It was reported that Yatra.com 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, Yatra.com has acquired Hotel aggregation company MagicRooms.Though the...
1 comment

Intel Capital’s Investment Of Rs. 80 Crores In Five Indian Firms

Last year, Intel invested in $77 million in 18 companies estimating there would  be a breakthrough into domains like smartphones, tablets and smart T.Vs. Presently,  it is declared that Intel Capital have invested Rs. 80 crore in five Indian firms. These investments are carried on by $250 million Intel India Technology Fund. It is also informed that Intel Corp has taken up nonage equity stakes in...
1 comment

Yatra.com Raises Investment Of Over 200 crores – Pre IPO Investment?

Investors like Valiant Capital Management, Norwest Venture Partners (NVP) and Intel Capital have invested Rs.200 crore into Yatra.com, online travel company.According , to Yatra.com this investment is going to help them into their marketing and sales activities, expansion of  business and hotels and development in different strategies. According to the sources of the Yatra.com that investment is...
0 comment

Companies Cash In On World Cup Fever With Cricket-Themed Games

With the world cup mania at its peak, companies are launching online cricket games and apps to ride the wave. The target audiences seem receptive enough as the these games are giving these sites high traffic drive. Online gaming company Zapak which has the rights to distribute the game called Cricket Power, saw traffic go double after the game went live just a month back.Cricket Power was launched...
0 comment

Starting Up – Is There A Right Time? – Panel Discussion At TiEcon 2009, Delhi

As the title conveys this panel discussion at the first  day of TiEcon Delhi tried to answer the question whether it’s downturn or not, is there a right time to start a business. The panelists included: Ms. Abha Bakaya, ET Now – Chair Mr. Bejul Somaia, Managing Director, Lightspeed Venture Partners Ms. Bala Deshpande, Senior Managing Director, NEA Mr. Moorthy Uppaluri, General Manager-DPE, Microsoft Mr....
0 comment

Yatra Opens Up To Ads – A Sign Of Revenue Pressure On OTA’s?

Yatra.com the OTA backed by Reliance Capital and Capital18 has announced that its opening up of its travel site for advertising. Yatra.com is pitching itself to be the destination which is visited by a userbase which is ‘most filtered, targeted and premium audience – people who access the internet regularly, are comfortable transacting online, spend more than Rs. 5000 on an average, own a credit...