[Funding alert] Online travel platform HappyEasyGo raises Rs 350 crore in Series B round
Summary
Gurugram-based online travel portal HappyEasyGo announced that it has raised its extended Series B round of funding. With the objective of becoming the best online travel platform in India, HappyEasyGo intends to use these funds to further strengthen its air-ticketing business and develop its hotel division. The startup claims that its B2C online air-ticketing sales are currently ranked second in the industry, with a user base of over 10 million. Boris Zha, Founder and CEO of HappyEasyGo said, While the strategy is to maintain the lowest price, to strengthen the ascendancy in high-speed growth of the air ticketing business, HappyEasyGo also plans to accelerate the hotels vertical through its localisation strategy. In an attempt to reach a wider user base, HappyEasyGo is also trying to reduce the overall cost of acquisition.