Press Release:
WestBridge Capital Partners, a leading Indian venture capital fund, announced that it has invested in Travelguru. The amount of investment is not revealed. According to the press statement, Travelguru is a technology-enabled travel company, and customers can book their travel across 300 airlines and 55,000 hotels in India and abroad. It started as a Harvard Business School project in 2004, and the company has been working for the past twelve months “developing cutting-edge, proprietary travel technology and establishing close partnerships with leading travel suppliers in India”. Travelguru is claimed to have an innovative and patented metasearch technology that provides travelers with more travel options at better prices.
Commenting on the buoyancy in India’s travel industry, KP Balaraj, Managing Director, WestBridge, said, -
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