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Our Bureau

Mumbai , Nov. 29

Travel solutions company, Travelguru, on Wednesday announced that it has received a fresh infusion of capital commitment to the tune of $15 million from US-based Battery Ventures and Sequoia Capital India, signifying the growing global investors confidence in the Indian travel market.

The second round of funding will help Travelguru in building retail initiatives to support online growth and support its plans for marketing and brand building in the coming months.

The company, which has access to more than 72,000 hotels worldwide and alliances with 500 airlines globally, services about 70,000 customers a month.

Commenting on the investment, Ashwin Damera, the company's CEO said, "The new round of investments will help us strengthen our reach through delivering retail experience to our consumer "

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