Cleartrip Raises $18.5 Million From DFJ, Mahindra Group And Existing Investors

Entities Mentioned

• Nikhil Pahwa
• Draper Fisher Jurvetson
• VC Circle
• Yatra
• Sandeep Murthy
• Mahindra Group

1. Cleartrip has raised a third round of funding of $18.5 million, led by Draper Fisher Jurvetson which has put in $10 million. The Mahindra Group and existing investors Sherpalo Ventures and Kleiner Perkins have together put in $8.5 million, report Mint and VC Circle. In an interview, Sandeep Murthy, CEO of Cleartrip tells VC Circle that the company will use the money for scaling up its offline presence, and acquiring properties in car rental, cruises, as well as meta search engines. Murthy says that Cleartrip's topline has grown 15 times in the last year - ... (Read Full Article)
   
   

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