After SoftBank’s funding of $ 10 million in makemytrip in may '05, past 2-3 weeks has seen a spate of investments into various travel start-ups.
- $2.7-3 Million Investment by Kleiner Perkins in cleartrip.com (2nd Feb '06)
- $ 10 m investment by WestBridge Capital in Travelguru (1st feb '06)
- $5 Million investment in Yatra by Norwest Venture Partners, Reliance Capital and TV18 Group (16th Jan '06)
Related Links
Online Travel Company MakeMyTrip.com Gets $10 Million Funding
Kleiner Perkins Debuts In India With $2.7-3 Million Investment In Cleartrip.com
Kleiner Perkins Makes First Investment In India; Invests $2.7-3 Million In Cleartrip.com
WestBridge Capital Invests In Travelguru
Travel sites make hot investment option
E-Travel Company Yatra Online Gets Funding From Reliance Capital, Norwest Venture Partners And TV 18
Yatra Online Gets $5 Million; Indian Travel Mart To Attract VC Attention
Once all these and maybe few more online travel portals start their operations in India, will they be able to grow the online travel space and more importantly create differentiators for themselves to survive? Any wagers?
Update : March 10, 2006
Sahara has also anounced their intentions to launch a travel portal. Read this story on economictimes.com
11 comments:
Hi Anurag. Nice informative blog. Yes, this online travel space is REALLY hotting up!
I work with Air Deccan.
Cya.
Like you said it will be very interesting to watch this space. I feel the market will grow but there will also be a shake out.
I am waiting for the big boys like expedia to come in also.
I feel that the market will grow and it can take 4-5 players easily.. Offline travel businesses will suffer
Hi Anurag
What do you handle in Air Deccan ? Will like to have more of your inputs on online travel business
Hi Anurag,
what do you think regarding a Travel portal where user can see all the air travel options..
Everyone seems to be trying to become an online travel agent, but no one tries to give that info to the user and make money by the referral money from suppliers..
Hi Radha
Very good observation. Rediff has already launched their fare search
In times to come I am sure we will see more such models that focus on advertising / referral opportunities in addition to transactional opportunities.
Hi,
The Coolfaredeals.com is about to launch a new kind of travel portal; a travel search engine portal. Your complete anywhere anytime online travel assistance and hangouts advisor.
Today everyone is well aware of travel agencies, agents, and usually take their help to get to their desired land shot but now be relaxed, stay cool with our coolest season travel fare deals and attractive discounts schemes.
Coolfaredeals provides you, the best of travel fares schemes and hospitality deals from our world wide travel suppliers. This means a better travel search experience, more complete search results and best of all, savings for you every day.
Thank you for nice links. And what do you have about India vacation?
I appreciate the labor you have put in developing this blog. Nice and informative.
Hi,
The information in this blog seems to be quite interesting in Indian online Travel space.
Online booking facility is also provided in our MakeMyTrip UAE to the customers who are all interested to make their trip more memorable.
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