ET Rise
12,248.2567.9
Stock Analysis, IPO, Mutual Funds, Bonds & More

Travel portal HappyEasyGo raises Rs 350 crore

The company, promoted by Boris Zha, a Singaporean national, raised the funds from Korea Investment Partners (KIP), SamsungVenture Investment Corporation (SVIC), UOB Venture, 10 Fund, CVCapital, Zero2IPO Ventures and M&S Partners among others.

, ET Bureau|
Updated: Dec 11, 2019, 11.52 AM IST
0Comments
BCCL
money,-bank-notes-BCCL
The company plans to utilize the funds on its air ticket business and developing the hotel division in India.
MUMBAI: HappyEasyGo, an online travel portal, said it has raised Rs 350 crore from its investment partner in its Series-B financing.

The company, promoted by Boris Zha, a Singaporean national, raised the funds from Korea Investment Partners (KIP), SamsungVenture Investment Corporation (SVIC), UOB Venture, 10 Fund, CVCapital, Zero2IPO Ventures and M&S Partners among others.

The company plans to utilize the funds on its air ticket business and developing the hotel division in India.

Its air ticketing business has a user base of over 10 million. In a statement, founder Zha said he expects the hotels business to be running 3,000 bookings a day.

Run a business? Take part in India's definitive ranking for Micro, Small & Medium Enterprises


Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service