Expedia Picks Up Majority Stake In TravelGuru?
According to a recent blog post in VCCircle, Expedia is rumored to have have picked up a majority stake in TravelGuru for $17 Million, a deal that values the travel website at $30 million.
Considering that Travelguru is one of the bigger players in the online travel market in India - a market expected to contribute the biggest chunk of the Rs. 9000 crore Indian ecommerce market.
According to this post in MediaNama however, while no deal appears to have been made as yet, the possibility of one in the not too distant future cannot be ruled out.
One hopefully with a much higher valuation for TravelGuru, which in turn would have the other travel portals heaving a sigh of relief as well.
Now to wait for an official announcement.
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