Cleartrip Has Spent $8 Million Of $11.7 Million Funding Raised - Sandeep Murthy

Entities Mentioned

• DAG Ventures
• Sandeep Murthy
• Big Bazaar

1. Cleartrip.com CEO Sandeep Murthy has said that of the $11.7 million they had raised from venture capitalists like DAG Ventures (and Sherpalo), theyve utilized around $8 million. I wonder if the company is looking to raise more funds to stay in the game, as most Online Travel Agents (OTAs) are funded. The company is also planning to start international ticketing within a month. Some numbers: average booking is Rs 7,000 per customer; they had 3 lakh customers last fiscal. Cleartrip plans to extend (Read Full Article)
   
   

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