Yatra.com receives 200 Crore funds
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New Delhi: Gurgaon based Yatra.com, India's online travel company made an announcement about receiving funding of Rs 200 Crores from blue chip investors including Valiant Capital Management, Norwest Venture Partners (NVP) and Intel Capital. This investment helps in the growth of the company in sales and marketing activities, expansion of hotels and business holidays and develops different strategies. Dhruv Shringi, Chief Executive officer of Yatra says the company has witnessed a growth over a few years and this investment will broaden their reach and brand awareness among several towns that have been experiencing growth in e-commerce. Support from reputed investors brings the company confidence to their capabilities and a strong value proposition in India. Yatra.com is a one-stop-shop for all travel-related services. A leading consolidator of travel products, it provides reservation facility for more than 3,800 hotels across 336 cities in India and over 90,000 hotels around the world. Customers can access Yatra.com through multiple ways, user-friendly website, 24x7 multi-lingual call center, a countrywide network of 30 Holiday Lounges and Yatra Travel Express stores or via their mobile phones. Sudheer Kuppam, Managing Director, Intel Capital Asia Pacific says the investment is aligned with Intel's strategic objective of increasing broadband penetration in India through fostering entrepreneurship in compelling content and ecommerce opportunities.

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