Top Story


Home >> Digital >> Article

Battery Ventures, Sequoia Capital India invest $15 mn in Travelguru

Font Size   16
Battery Ventures, Sequoia Capital India invest $15 mn in Travelguru

Travelguru has received a fresh infusion of capital commitment to the tune of $15 million from Battery Ventures and Sequoia Capital India. The second round of funding will help in building the travel portal’s retail initiatives to support online growth. Travelguru has lined up aggressive plans for marketing and brand building in the coming months.

Travelguru has access to over 72,000 hotels worldwide and alliances with 500 airlines globally. The number of customers who use Travelguru for their air, hotel stay and vacation needs is currently pegged at 70,000 customers a month. With a slew of promotional and strategic initiatives planned in the months ahead, the company is confident that its user base would grow by over 30 per cent month on month.

Commenting on the investment, Ashwin Damera, CEO and Founder, Travelguru, said, “Our focus on delivering superior consumer experience through cutting edge technology, breadth of product offerings and best value travel deals has yielded great results to all our stakeholders. The second round of funding from Battery Ventures and Sequoia Capital reaffirms the growing confidence in Travelguru’s team and leadership position in the Indian travel and tourism industry.”

Mark Sherman, General Partner, Battery Ventures, said, “We are very happy to announce our first major investment in the consumer Internet space in India with Travelguru. In a short span of time, Ashwin and his team have established a distinct identity for Travelguru in the online travel space in India. We expect them to lead the market with solid industry relationships, continued product innovations, and high quality customer experiences.”

KP Balaraj, Managing Director, Sequoia Capital India, said, “We are delighted that Battery Ventures has chosen to join in on the second round of funding for Travelguru. This reflects our growing confidence in Travelguru’s market position and capabilities. The growing consumer base and the leadership status of being the largest hotel consolidator in the Indian online travel market highlight the unique position of Travelguru.”


The group released the Little Hearts online-only campaign, #BreakSomeHearts, early this year and is on the path to make many more of its brands available on the digital platform

As Milind Pathak takes over as Managing Director - Southeast Asia, Httpool, we chat with him on his new role, aspirations and his plans to aggressively penetrate the operations of the group in the Southeast Asian market

We speak to Punit Misra, CEO, ZEEL, Domestic Broadcast Business, on Zee TV’s new look, its aim and the shaping up of domestic business

This exercise will take the channel to the next level: Siju Prabhakaran, Cluster Head – South Business, Zee Entertainment Enterprises Limited

Despite the economic slowdown, Star TV has managed to earn more than Rs 250 crores in advertising revenue from the India-Australia T20 series

Sorrell who is in India for WPP’s first-ever board meeting in the country, hints at more acquisitions and announces a second role for CVL Srinivas, CEO, South Asia, GroupM

Though business has picked up, the private FM industry expects festive ad spends to be subdued compared to 2016