Travelocity Acquires TravelGuru

We have learnt from a very credible source that Travelocity has acquired Travelguru.

Travelguru is funded by Sequoia Capital and Battery Ventures with infused funds of $25 mn ($10mn in the first round by Sequoia, $15mn from Sequoia and Battery Ventures combined).

Travelocity, when they entered the Indian travel space (2007) announced that they were looking for acquisitions and looks like, they finally found one.

In 2008, there were rumours of Travelguru-Expedia cozy relationships, but nothing fructified.

Update: The news is confirmed about Travelocity’s acquisition of Traveguru and the two companies have released an official statement as well.

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