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Yatra raises Rs 200 crore from Valiant, Norwest and Intel Capital

Online travel company Yatra.com has raised its second round of funds worth Rs 200 crore led by US-based Valiant Capital and existing investors Norwest Venture Partners and Intel Capital. According to the company, the money will be used to expand the holiday and hotel booking segment. This appears to be Yatra’s pre-IPO round and the company plans to go public in 2013.

Online travel company Yatra.com has raised its second round of funds worth Rs 200 crore led by US-based Valiant Capital and existing investors Norwest Venture Partners and Intel Capital. According to the company, the money will be used to expand the holiday and hotel booking segment. This appears to be Yatra’s pre-IPO round and the company plans to go public in 2013.

Dhruv Shringi, co-founder and CEO, Yatra.com, said “We are also looking for merger and acquisition opportunities in this segment to strengthen our presence.” Besides this, the company also intends to use part of the fresh money being raised to expand branding and marketing exercise in Tier II and Tier III Indian cities. Yatra is also planning to increase its offline presence from 34 stores to 50 stores over the next 12 months as e-commerce is still in its evolution stage in India.

Yatra had earlier raised Rs 150 crore through various rounds of investments by its existing shareholders that includes venture capital firms Norwest Venture Partners and Intel Capital, Anil Ambani group firm Reliance Venture Asset Management and Network 18.

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