Company Name : HolidayIQ
Funding Amount : $15mn
Funding Round : Series B
HolidayIQ, the travel community and holidays recommendation engine has raised Series B funding from Makemytrip.
The $15mn funding will mainly be used to further strengthen its capabilities on Content, Mobile and Product.
HolidayIQ had raised series A before from Tiger Global and Accel Partners. Currently, HolidayIQ has over a million holiday reviews from Indian travellers which is expected to increase multi-fold over the next 2 years.
“HolidayIQ operates in a very exciting space in the Indian online travel market. Their pace and appetite for innovation matches ours, and we see great synergy in our focus on Hotels and Mobile. The opportunity to drive scale jointly is fairly significant.” [Deep Kalra, Founder and Group CEO, MakeMyTrip.com]
Makemytrip already has an investment in ixigo.