Travelguru to acquire hotel portal Desiya.com for Rs 100 crore : Alootechie

Travelguru to acquire hotel portal Desiya.com for Rs 100 crore : Alootechie: "Travelguru to acquire hotel portal Desiya.com for Rs 100 crore

December 20, 2007 | News | Share This

Travel portal Travelguru.com, which focuses on online hotel bookings, is acquiring Delhi-based B2B hotel portal Desiya.com for $25 million (around Rs 100 crore). Travelguru is also scouting for an offline travel player with a pan-India presence.

Desiya.com claims to have 1,000 travel agents and 225 travel portals among its clients. It has 1,500 hotels in its inventory all over India. The portal registers 600 transactions a day, over 500 B2B transactions and 100 inbound hotel bookings, reports Economic Times.

Travelguru raised $10 million from Sequoia Capital India in January 2006 and in November 2006 it got its second round of funding of $15 million from Battery Ventures and Sequoia Capital India"