Profit

Venture capitalists eye travel portals

PUBLISHED ON: March 27, 2006

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Venture capitalists and Indian entrepreneurs are making the best of the summer holidays by joining hands for online travel portals. Venture capital companies like Gabriel Venture partners, a Silicon Valley-based fund, recently invested a few million dollars in makemytrip.com - a travel portal focussed on inbound tourists from the US - a market valued at over Rs 2,000 crore. Gabriel has already invested in companies like IL&FS Investsmart.
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