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Travel information & hotel review portal HolidayIQ raises $15 mn from Makemytrip

HolidayIQ, a travel information and hotel review portal, has raised $15
million in funding from online travel booking company Makemytrip to boost its
product, mobile presence and content. 

According to a Times of India report, Makemytrip will acquire a 28% minority
stake in HolidayIQ with this investment, chief executive and founder of
HolidayIQ, Hari Nair, said.

HolidayIQ, a travel information and hotel review portal, has raised $15
million in funding from online travel booking company Makemytrip to boost its
product, mobile presence and content. 

According to a Times of India report, Makemytrip will acquire a 28% minority
stake in HolidayIQ with this investment, chief executive and founder of
HolidayIQ, Hari Nair, said.


“Mobile is creating new unprecedented opportunities for growth and
innovation. This capital gives us additional resources to expand quickly and
strategically and accelerate pace of product innovation,” Nair was quoted
in the report as saying.

HolidayIQ, which is run by Bengaluru-based Leisure and Lifestyle Information
Services, has on its portal 2,000 tourism destinations and 50,000 holiday
accommodations. HolidayIQ said that till date it has received investments of
$27 million. It recorded traffic of 11 million in May. 

Previously, Makemytrip invested in hotel marketing solutions provider Simplotel
and travel planning website Inspirock. The company is reportedly in talks with
Flipkart to start a ticketing platform. 

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