Yatra.com has raised Rs. 140 crore ($23 million) from IDG Ventures, and Vertex Venture Management, the VC investment arm of Singapore’s sovereign wealth fund Temasek..Yatra’s existing investors including Norwest Venture Partners, Intel Capital, TV 18 Group and Reliance Venture Asset Management, also participated in the funding..Samvad Partners acted for IDG Ventures with a team led by Partners Siddharth Raja and Neela Badami along with Associates Junaira Rahman, Shruthi Chandrasekaran, Pranav Raju and Sandeep Pareekshit..Cooley LLP acted for Yatra and the existing investors with a team led by Partner Mark Medearis along with Associate Anita Vasudevan..With the completion of the transaction, institutional investors now hold an 80% stake in the company, reports ET..This round of funding will be used for future acquisitions, grow the hotels and holiday packages business, and also develop mobile technology, according to Dealcurry..Photo Credit: kevin dooley via photopin cc
Yatra.com has raised Rs. 140 crore ($23 million) from IDG Ventures, and Vertex Venture Management, the VC investment arm of Singapore’s sovereign wealth fund Temasek..Yatra’s existing investors including Norwest Venture Partners, Intel Capital, TV 18 Group and Reliance Venture Asset Management, also participated in the funding..Samvad Partners acted for IDG Ventures with a team led by Partners Siddharth Raja and Neela Badami along with Associates Junaira Rahman, Shruthi Chandrasekaran, Pranav Raju and Sandeep Pareekshit..Cooley LLP acted for Yatra and the existing investors with a team led by Partner Mark Medearis along with Associate Anita Vasudevan..With the completion of the transaction, institutional investors now hold an 80% stake in the company, reports ET..This round of funding will be used for future acquisitions, grow the hotels and holiday packages business, and also develop mobile technology, according to Dealcurry..Photo Credit: kevin dooley via photopin cc
