Yatra.com to Acquire Travelguru
Summary
Yatra.com, a Gurgaon, India-based online travel company, is to acquire a 100% stake in Travelguru from Travelocity Global.The acquisition of the company, which will continue to operate as a separate entity under its existing brand name, will extend Yatra.com’s position as an aggregator and seller of domestic hotels and holidays in India, adding to its offerings for flights and outbound holidays.Led by Mr. Dhruv Shringi, co-founder and CEO, and Mr. Promod Haque, Managing Partner, Norwest Venture Partners (NVP) and Chairman, Yatra.com provides reservation facility for more than 5,000 hotels across 336 cities in India and over 90,000 hotels around the world.It previously acquired ticket consolidator Travel Services International Pvt.Ltd (TSI), hotel aggregation company MagicRooms, and premier event and entertainment promotion portal Buzzintown.