Monday, November 27, 2006

VC Circle: Travelguru May Get $15 Million From Battery, Sequoia In 2nd Round

"Online travel portal Travelguru is likely to raise $15 million in its second round of funding, according to a report in The Economic Times. Battery Ventures is reportedly leading the round with $8-10 million, and it will be joined by the existing investor Sequoia Capital India with the rest of the capital. An announcement is expected only next week or so. Tarvelguru, a Harvard Business School project, got the first round of funding from Seqouia Capital India early last year. The company had received $10 million in its first round of funding."

No comments: