plans to raise $100 Million

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Bangalore: Bangalore-based, an online travel site, is planning to raise a sum of $100 million from PE firms by the end of the financial year to finance expansion in South East Asian countries, like Singapore, Malaysia, Thailand, Indonesia, Philippines and Vietnam.

Founded in 2006 by Vinay Gupta and Amit Aggarwal, was formerly known as It was incorporated in May 2007. Currently they have presence across 2,000 towns and cities through 20,000 partners. The company plans to use the fund for expanding the travel business outside India and to further build the e-commerce vertical, said Vinay Gupta, Founder and CEO, The company currently employs more than 650 people in the country and registered a turnover of $500 million in the last fiscal year.

Gupta is a professional turned entrepreneur, who has previously held prominent senior management positions with leading multinational companies in the U.S. Prior to, he was involved in several assignments such as consultancies in the Risk Management business with Credit Suisse, First Boston in New York and consultancies with Citibank NA, Merrill Lynch, Morgan Stanley and BMW. Gupta holds a Bachelor of Engineering Degree in Computer Science from SV University and is presently pursuing CFA from the CFA Institute of America. He is also the member of the institute.

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