Yatra.com, a Gurgaon, India-based online travel company, recently received a follow-on investment of undisclosed amount from Intel Capital.
The company is using the proceeds from the financing to accelerate its growth plans by increasing sales and marketing efforts, expanding its hotels and holydays business and making strategic acquisitions.
Launched in 2006, Yatra.com is today considered as one of the leading providers of consumer-direct travel services in India. It provides reservation facility for more than 3,800 hotels across 336 cities in India and over 90,000 hotels around the world.
The investment was made by the US$250m Intel Capital India Technology Fund established in December 2005 to invest in technology companies across the country.
Other investors in Yatra.com include Norwest Venture Partners (NVP), Reliance Venture Asset Management, and Television 18 Group.
Yatra.com, Intel Capital,