Venture capitalists eye travel portals

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.