HolidayIQ, one of India’s largest travel community and holidays recommendation engine will raise it’s next round of capital from Makemytrip. The funds 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. The focus at HolidayIQ is to become the ‘authentic voice of Indian travellers’, by encouraging all Indian travellers to share reviews and express opinion on all their travel.
Hari Nair, founder and CEO, HolidayIQ said, “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. Mobile is creating new unprecedented opportunities for growth and innovation. This capital gives us additional resources to expand quickly and strategically and accelerate pace of product innovation. We look forward to working closely with Makemytrip in getting a much larger number of Indian travellers to participate in the creation of Indian traveller opinion.”
Speaking on the investment, Deep Kalra, founder and group CEO, MakeMyTrip.com said, “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.”
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.”