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Sovereign Wealth Funds Briefing - Categorized | Investment

Yatra.com raises $23mln in a new round from IDG Ventures and Temasek’s VC arm

Posted on 17 April 2014

Gurgaon-based Yatra Online Travel Pvt Ltd, the company behind the online travel portal Yatra.com, has raised Rs 140 crore ($23 million) led by IDG Ventures and Vertex Venture Management, the VC investment arm of Singapore’s sovereign wealth fund Temasek. Existing investors including seed investor Norwest Venture Partners (NVP) also participated in this round.
The fresh capital will be used to accelerate the company’s growth plans by enabling Yatra to further strengthen its position in the domestic hotels and holidays businesses, besides strategically investing in mobile technology, the firm said in a statement………………………………………..Full Article: Source


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