Hotline: 1800 102 2007
Hotline: 1800 102 2007
Jul, 23 2015

MakeMyTrip confers $15mn Series B Capital to HolidayIQ

HolidayIQ, India's travel community and holidays recommendation engines, will raise its next round of capital from MakeMyTrip, one of the leading online travel companies of India.

MakeMyTrip confers $15mn Series B Capital to HolidayIQ

HolidayIQ, India's travel community and holidays recommendation engines, will raise its next round of capital from MakeMyTrip, one of the leading online travel companies of India. The funds will be mainly used to further strengthen its capabilities on content, mobile and product.
Speaking on the investment, Deep Kalra, Founder and Group CEO, MakeMyTrip.com said, “HolidayIQ operates in a very exciting space in the Indian online travel market. Their pace and appetite for innovation matches ours and we see great synergy in our focus on hotels and mobile. The opportunity to drive scale jointly is fairly significant.”

HolidayIQ lists over 2,000 tourism destinations and 50,000+ accommodation options; namely hotels, resorts, home-stays, jungle camps and serviced apartments in India. All of these are bookable through over 1600 partnerships with leading online travel agencies like MakeMyTrip, Yatra and Expedia and offline players such as Thomas Cook and SOTC among others.

Hari Nair, Founder and CEO of HolidayIQ said, “Mobile is creating new unprecedented opportunities for growth and innovation. This capital gives us additional resources to expand quickly and strategically, and thus accelerate pace of product innovation. We look forward to working closely with MakeMyTrip in getting a much larger number of Indian travellers to participate in the creation of Indian traveller opinion.”

Makemytrip.com is a comprehensive travel website that has evolved into a full-service portal extending its offerings to online hotel-reservations, holiday-package bookings, and rail and bus ticket bookings. The website had an average of over 7.8 million unique visitors per month in fiscal year 2015. With over seven million downloads (to date), MakeMyTrip's mobile app is one of the most widely used travel apps in India.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Quick Service Restaurants
    New York Chicken’s identity is meant to embody the vision..
    Locations looking for expansion Haryana
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Education Supplies
    About Us: Altair Digital Company has more than 10 years of..
    Locations looking for expansion sss
    Establishment year 2010
    Franchising Launch Date 2017
    Investment size
    Space required 00
    Franchise Outlets -NA-
    Franchise Type MultiUnit
    Headquater Novosibirsk sss
  • About Us: Partner with Cafe Frespresso and be part of the..
    Locations looking for expansion Gujarat
    Establishment year 2010
    Franchising Launch Date 2010
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater vapi Gujarat
  • Quick Service Restaurants
    About Us: Incorporated in 2012, Munchies Bite is all about midnight..
    Locations looking for expansion Gujarat
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 1800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities