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Salman Khan gets 5% stake in Yatra.com

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MUMBAI: Bollywood actor Salman Khan will hold around five per cent stake in travel portal Yatra.com.

He has been signed in by the portal to play the role of Mr. Yatra as it brand ambassador. Khan will be the face of Yatra.com?s new marketing campaign in India and the US.

Additionally Yatra.com will make it possible to contribute a token amount to Khan?s NGO Being Human every time a transaction takes place on their website. The company will also sell Being Human merchandise on its website who?s sale will be contributed to the NGO.

This association is part of the portal?s strategy to strengthen its connect with the masses and increase the brand?s recall value in tier II and tier III towns.

Yatra.com CEO and co- founder Dhruv Shringi said, "We are delighted to have Salman Khan as part of the Yatra family both as a brand ambassador and shareholder. We have always wanted expand to newer mass markets and associating with Salman Khan would enable us to do the same."

Khan commented, "I am really excited about my association with Yatra.com. This is not a normal brand association, where I am there just for face value. With Yatra, I am also now a shareholder. I have immense confidence on the brand and am hopeful that the association will be beneficial for the both of us."

Yatra.com will be launching its new marketing campaign in April.

Yatra.com is positioned as a brand ?Creating Happy Travellers? in the market and provides information, pricing, availability, and booking facility for domestic and international air travel, railway reservation, hotel bookings, holiday packages, buses, and car rentals. We offer a host of travel services designed to make business and leisure travel easier.

Other investors in Yatra.com include Promod Haque?s Silicon Valley-based Norwest Venture Partners (NVP), Reliance Anil Dhirubhai Ambani Group?s Reliance Capital, Raghav Bahl-promoted Network 18, and Intel Capital, the strategic investment arm of Intel.

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