Just when we thought the space is already crowded, this shows up
US-based venture capital companies Kleiner Perkins Caufield & Byers and Sherpalo Ventures have invested in Cleartrip.com as the Indian online travel market starts showing signs of getting crowded.
Though financial details werenÃ¢â‚¬â„¢t available, media reports earlier this year indicated that Cleartrip.com is to receive an investment worth US$3 million from VCs.
So now we have KPCB-Cleartrip + WBCP-TravelGuru + NorWest-YatraOnline. It would be interesting to do a prospective study on who this pans out, lets say in three years, i think thats when everyone will be clicking and flying, or clicking and booking or clicking and vacationing.
Maybe i can track the news about these three companies. Lets start with the funding,
Cleartrip – 3 M USD
TravelGuru – 10 M USD
Yatra Online – Significant
Clearly, my dear friends the winner is Yatra Online with “Significant”, i love that word.