Yatra Buys TravelGuru From Travelocity
Online travel agency company Yatra.com has acquired Travelguru from U.S. based travel company, Travelocity.com. Travelocity is run by Texas-based travel marketing company Sabre Holdings. They purchased Travelguru in 2009 in order to expand it into the U.S. hotel industry.
Yatra.com has raised millions in funding from Intel Capital, Norwest Venture Partners, Reliance Capital, and Valiant Capital Management. Travelguru will continue to operate as a separate entity.
Travelguru is India’s largest hotel distribution network by offering 6,500 hotels in India and 72,000 hotels worldwide.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry