HolidayIQ, the online travel community and holidays recommendation portal, will raise $15 million from Makemytrip, as part of its next round of funding.
HolidayIQ, the online travel community and holidays recommendation portal, will raise $15 million from Makemytrip, as part of its next round of funding. The fund will be used on strengthening capabilities on content, mobile and product, the company said.
HolidayIQ had raised series-A before from Tiger Global and Accel Partners.
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“Disruption is a way of life at HolidayIQ and today we power more than 11 million travellers every month in making smarter travel decisions based on the reviews and insights from other Indian travellers,” said Hari Nair, founder & CEO of HolidayIQ.
Rajesh Magow, co-founder and CEO India, MakeMyTrip.com, said, “This tie-up will power our hotel-growth strategy, and also provide immense value to Indian travellers in the form of user generated and curated trip-planning content. We also expect to rapidly scale our reviews and recommendation engine as an outcome of this investment.”