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)
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