MakeMyTrip Raises $15 million From Tiger Fund, Sierra, SAIF Partners And Helion Venture Partners

Entities Mentioned

• Sequoia Capital
• VC Circle
• Yatra
• Norwest Venture Partners
• DAG Ventures
• Reliance Capital
• Battery Ventures
• SAIF Partners
• Deep Kalra
• Online Travel Agency

1. Online Travel Agency (OTA) MakeMyTrip.com (MMT) has raised $15 million in Series C funding from Tiger Fund, SAIF Partners, Sierra Ventures and Helion Venture Partners, reports VC Circle. Of the $15 million, Tiger Fund has invested $8 million. Around a year ago, MakeMyTrip had raised $13 million from SAIF, Helion and Sierra. This is the third time SAIF is investing in MMT, after investing $10 million in May 2005. MMT CEO Deep Kalra has told VC Circle that the company has commission revenues of $2 (Read Full Article)
   
   

   Related Articles

   • So Much For Organic Growth, Internet Portal TV Spends Up 190 Percent
   • also mentions Yatra
   • Cleartrip.com: The most user-friendly OTA in India
   • also categorized in Travel
   • MMT outsources its ops to IBM Daksh
   • also categorized in Travel
   • Reliance To Launch Maps Portal - Big Maps
   • also mentions Reliance Capital
   • Cleartrip Has Spent $8 Million Of $11.7 Million Funding Raised - Sandeep Murthy
   • also mentions DAG Ventures

   • ClearTrip Rides on $18 Million
   • also categorized in Travel
   • MMT outsouces its ops to IBM Daksh
   • also categorized in Travel
   • Expedia India Launches Indian Ops
   • also categorized in Travel
   • Norwest Venture Partners opens India office in Mumbai
   • also mentions Norwest Venture Partners
   • iBibo owned Dwaar launches travel aggregator
   • also categorized in Travel

Login to comment.