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Battery Ventures general partner Mark Sherman
added, “We are very happy to announce
our first major investment in the consumer
internet space in India with Travelguru.
In a short span of time, Ashwin and his
team have established a distinct identity
for Travelguru in the online travel space
in India."
"We expect them to lead the market
with solid industry relationships, continued
product innovations, and high quality customer
experiences," he further said.
Sequoia Capital India managing director
KP Balaraj said, “We are delighted
that US based Battery Ventures has chosen
to join in on the second round of funding
for Travelguru. The growing consumer base
and the leadership status of being the largest
hotel consolidator in the Indian online
travel market highlights the unique position
of Travelguru."
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