FlightRaja secures $5 million dollars investment from NEA IndoUS ventures
By siliconindia   |   Wednesday, 06 June 2007, 19:30 IST
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Bangalore: FlightRaja, an innovative travel services company and a domestic ticket services provider, who announced that the brand renamed as 'Via', has raised an investment of five million dollars from NEA Indo US Ventures, a venture capitalist firm. The investment will enable the company to strengthen its leadership position in the travel industry by expanding its services beyond airline. 'Via' will enable people to access, plan and buy travel products and services in the most convenient manner. 'Via' include the first SMS based mobile booking for all airlines, kiosk based booking for people on the move and online services for travel partners. Such an integrated platform was unavailable to the customers outside the 'Via Network'. "As we move forward in expanding ourselves beyond airline services, the new brand will help our customers identify with us better. Today, we provide the widest network of travel agents and ticketing channels such as SMS booking, kiosks, agents, online, etc to our customers in India. We will continue to use our path-breaking technology to understand their needs better and service them efficiently. It is extremely important to bridge the demand supply gap in the travel industry by balancing cost and time," said Vinay Gupta, Chief Executive Officer, Via. Niranjan Gupta, Chief Operating Officer, Via said, "This investment is a testimony of the range of our services and customer satisfaction. We are currently issuing over 4000 tickets on a daily basis and this number is growing rapidly. We will continue to deliver innovative solutions to meet customer needs in the most cost effective way. The underlining basis of our growth would always be customer satisfaction, transparency and ease of use." Speaking on the occasion, Vani Kola, Managing Director, NEA-IndoUS Ventures, who has joined VIA's Board of Directors, said "The company possesses a unique and compelling business model that reflects in its excellent track record. The travel industry has immense potential to grow in India and VIA is quite capable of capturing the market with the rich experience of its founding members. This funding is an important step towards our mission to support new ventures and innovative ideas."

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