TravelGuru Acquires Desiya For $25 Million

$25 Million (around Rs. 100 crores) is the amount that Online Travel Agency (OTA) TravelGuru is paying for B2B hotel portal Desiya.com, reports ET. The acquisition had been reported a couple of months ago, but appears now that the deal has been done. The report doesn’t specify the cash and stock components of the deal.

Travelguru has a projected turnover of $42 million (around Rs. 168 crores) this fiscal, but that must be in terms of sale of tickets…the OTA hasn’t yet broken even (targeted next year, with a projected turnover of $80 million), and some of this acquisition must be from funds they’ve raised from Battery Ventures and Sequoia Capital India. Desiya apparently has 1000 travel agents and 225 travel portals as clients, with 1500 hotels as inventory. I wonder if the TravelGuru acquisition will impact it’s role as an independent hotel aggregator. More numbers at ET

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