Travel

Times/BCCL Takes Stake in Travel Portal TravelChaCha - 6 Comments
Posted By Rafat Ali - Fri 13 Jun 2008 07:12 AM PST

BCCL, the parent company of Times of India, has taken an undisclosed stake in Culture Holiday, the parent company of online travel portal TravelChaCha.com, adding to more crush in the…

Cleartrip Launches Videos - 0 Comments
Posted By Cerius Shah - Thu 29 May 2008 02:16 PM PST

Cleartrip has launched Cleartrip Videos gleaned from the Short Flicks Festival which had been sponsored by the DAG, KPCB and Sherpalo funded online travel portal. The one to three minutes…

Industry Moves: Infomedia-CEO; MakeMyTrip-CMO; Microsoft-Director, Marketing - 2 Comments
Posted By Nikhil Pahwa - Tue 27 May 2008 02:38 AM PST

-- Lakshmi Narasimhan, Head of Business Development for Network18, has been appointed CEO of Infomedia India. Readers will remember that Network18 acquired Infomedia last fiscal. Narasimhan will expand the portfolio…

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Ezeego1.com Ties Up With redBus For Bus Tickets; Corrigendum - 6 Comments
Posted By Cerius Shah - Mon 26 May 2008 04:07 AM PST

Corrigendum: It had appeared to me (Nikhil Pahwa, Editor, contentSutra) that Ezeego1 had repositioned itself as a travel meta aggregator. The company informs us, and on checking we’ve verified that,…

Cleartrip Ties Up With PLUS! - 2 Comments
Posted By Cerius Shah - Mon 26 May 2008 12:27 AM PST

Cleartrip has tied up with Star India’s mobile application PLUS, to deliver travel related information to users. The service allows users to access travel information and make reservations via the…

Travel Roundup: Indiatimes-Cruise; Ixigo-Hotels; Cleartrip-Intl - 8 Comments
Posted By Nikhil Pahwa - Thu 10 Apr 2008 05:42 AM PST

-- Indiatimes Travel has inked a deal with the Mediterranean Shipping Company (MSC), Italy’s largest privately owned line, and has launched a cruise booking service for customers in India. Given…

MakeMyTrip 2007 Sales At Rs. 1000 Crore; Break Even By Dec 2008 - 3 Comments
Posted By Nikhil Pahwa - Wed 09 Apr 2008 02:48 AM PST

Online Travel co MakeMyTrip has recorded sales of Rs. 1000 crore for the financial year ending March 2008, as per a release. The company, which claims a 45 percent marketshare…

Expedia India Launches Indian Ops - 3 Comments
Posted By Nikhil Pahwa - Thu 06 Mar 2008 10:42 PM PST

Expedia India has announced the launch of its India operations, with Sharat Dhall as its Managing Director. The site Expedia.co.in (Expedia.in redirects to it) is currently focusing on hotel bookings…

Cleartrip Raises $18.5 Million From DFJ, Mahindra Group And Existing Investors - 3 Comments
Posted By Nikhil Pahwa - Thu 28 Feb 2008 03:19 AM PST

Cleartrip has raised a third round of funding of $18.5 million, led by Draper Fisher Jurvetson which has put in $10 million. The Mahindra Group and existing investors Sherpalo Ventures…

Travel Meta Search Ixigo Funded By BAF Partners - 5 Comments
Posted By Nikhil Pahwa - Wed 20 Feb 2008 08:47 PM PST

Ixigo.com, a travel meta search company, has received an undisclosed amount of funding from BAF Spectrum, a Singapore based investment fund. The funding was reported by VCCircle yesterday, and we…

Travel Roundup: Redbus-Multilingual, MMT, Cleartrip - Railway; Travelguru-Affiliate - 6 Comments
Posted By Nikhil Pahwa - Wed 06 Feb 2008 05:51 AM PST

-- redBus, an online bus ticketing company funded by Seedfund, has gone multilingual by launching Tamil, Kannada, Telugu, Malayalam and Hindi versions of their site. CEO Phanindra Sama says that…

AtYourPrice.in Gets Funding From Mumbai Angels - 4 Comments
Posted By Nikhil Pahwa - Wed 30 Jan 2008 08:53 PM PST

Just when you thought the online travel space was packed to capacity, here’s another one: Atyourprice.in, a distressed inventory travel site has received an undisclosed amount of funding from the…

Mandatory For Rediff And Sify To List In Indian Markets; Cleartrip Eyes IPO - 2 Comments
Posted By Nikhil Pahwa - Mon 28 Jan 2008 02:40 AM PST

Rediff (NSDQ: REDF) and Sify are mandated to list in the Indian stock exchanges, reports Reuters; this is primarily because of a government rule that requires that they list locally…

IRCTC To Allow Ticket Sites To Sell Railway Tickets By Mid-2008
Posted By Nikhil Pahwa - Wed 16 Jan 2008 03:46 AM PST

By the middle of 2008, Indian Railways is looking to allow travel agents, including online travel agents, to sell railway tickets online. They’re going to start with a selective rollout,…

TravelGuru Acquires Desiya For $25 Million - 2 Comments
Posted By Nikhil Pahwa - Fri 21 Dec 2007 12:49 AM PST

$25 Million (around Rs. 100 crores) is the amount that Online Travel Agency (OTA) TravelGuru is paying for B2B hotel portal Desiya.com, reports ET. The acquisition had been reported a…

Deccan Launches Prepaid Mobile Ticketing - 3 Comments
Posted By Nikhil Pahwa - Sun 11 Nov 2007 11:50 PM PST

Deccan has launched a mobile booking initiative called m-Fly, which allows users to pay for tickets via their mobile phone, reports India Aviation. The account, however, will have to be…

Yatra.com Goes Offline With Sify; On Sify’s Franchisees - 4 Comments
Posted By Nikhil Pahwa - Wed 07 Nov 2007 09:35 PM PST

Yatra has announced a tie-up with Sify, offering its travel related services - booking of hotels, flights and travel packages - via Sify’s 7000 retail points in 220 cities. I…

Cleartrip Has Spent $8 Million Of $11.7 Million Funding Raised - Sandeep Murthy - 0 Comments
Posted By Nikhil Pahwa - Tue 30 Oct 2007 04:29 AM PST

Cleartrip.com CEO Sandeep Murthy has said that of the $11.7 million they had raised from venture capitalists like DAG Ventures (and Sherpalo), they’ve utilized around $8 million. I wonder if…

Expedia Planning For Jan 2008 India Launch - 1 Comment
Posted By Nikhil Pahwa - Thu 18 Oct 2007 10:42 PM PST

Global Online Travel company Expedia reportedly has plans to launch its portal India in Jan 2008, offering both domestic and international travel, reports Mint. I just checked and the company…

TravelGuru To Acquire Desiya.com - 7 Comments
Posted By Nikhil Pahwa - Tue 09 Oct 2007 11:20 PM PST

TravelGuru, an Online Travel Agency (OTA) funded by Sequoia Capital and Battery Ventures, is close to acquiring another travel portal, Desiya.com, reports VC Circle. Desiya Founder and CEO Amit Taneja…

MakeMyTrip plans $5 Mln Investments On U.S., India Expansion - 0 Comments
Posted By Anupama Chandrasekaran - Tue 09 Oct 2007 01:15 AM PST

Online Travel Agency (OTA) MakeMyTrip.com (MMT), which only this week raised $15 million in Series C funding, plans to invest $5 million over the next twelve months to expand both…

E-Commerce To See 30% Growth In 2007-08 Boosted By Classifieds, Paid Content, Downloads - 5 Comments
Posted By Anupama Chandrasekaran - Mon 08 Oct 2007 08:06 PM PST

E-commerce is set to grow at a 30 percent pace to touch Rs. 9,210 crores in 2007-08 from Rs. 7,080 crore in 2006-07 boosted by strength in the classifieds, subscription…

Yatra Online Mulling IPO; To Invest Rs 20 Million In Retail - 11 Comments
Posted By Rafat Ali - Mon 08 Oct 2007 08:34 AM PST

Indian travel portal Yatra Online is considering an IPO, and hoping to launch it by April 1 next year, according to CEO Dhruv Shringhi, speaking on the sidelines of a…

MakeMyTrip Raises $15 million From Tiger Fund, Sierra, SAIF Partners And Helion Venture Partners - 3 Comments
Posted By Nikhil Pahwa - Mon 08 Oct 2007 02:43 AM PST

Online Travel Agency (OTA) MakeMyTrip.com (MMT) has raised $15 million in Series C funding from Tiger Fund, SAIF Partners, Sierra Ventures and Helion Venture Partners, reports VC Circle. Of the…

Application Roundup: STAR-Yatra; Moneycontrol-Markets On Mobile - 22 Comments
Posted By Nikhil Pahwa - Thu 04 Oct 2007 05:01 AM PST

-- STAR India has signed a 12 month alliance with Online Travel Agent (OTA) Yatra.com to offer air travel reservations, hotel bookings etc on STARs GPRS based mobile platform PLUS.…