Battery Ventures, Sequoia Capital India invest $15 mn in Travelguru

Indian online travel portal Travelguru has received a fresh infusion of capital commitment to the tune of $15 million from Battery Ventures and Sequoia Capital India.

The second round of funding will help in building retail initiatives to support online growth, as the company says it has aggressive plans for marketing and brand building in the coming months.

In the past one year, the company says it has grown to become the largest hotel consolidator in India, with access to more than 72,000 hotels worldwide and alliances with 500 airlines globally.

The number of customers who use Travelguru for their air, hotel stay and vacation needs is currently pegged at an impressive 70,000 customers a month, according to the company. With a slew of promotional and strategic initiatives planned in the months ahead, the user base of Travelguru is set to grow by over 30 percent month on month.