Goomo gets $50 million package from Emerging India

“Goomo is being built ground up to be an omnichannel platform that will facilitate corporate and consumer travel bookings across online and offline channels,” “The travel industry in India...

“Goomo is being built ground up to be an omnichannel platform that will facilitate corporate and consumer travel
bookings across online and offline channels,”

“The travel industry in India offers immense opportunities for growth and consolidation. Over the past 12 months,
we have built a great team with a strong foundation. We are excited about the growth prospects of the business and
expect the team to create a great India-focused travel distribution business in the next 2-3 years,”

Varun Gupta, chief executive in Goomo is the founder NEW DELHI: Singapore and Mumbai-based Goomo Holdings, which owns and operates travel tech startup Goomo has raised $50 million (about Rs 332 crore) in funding from private equity firm Emerging India.

The round, which has seen Emerging India pick up a majority stake in the company, is one of the largest raised by a startup operating in the online travel space, outside the big two players -Nasdaq-listed firm MakeMyTrip and Yatra -and is further evidence of increasing investor participation in the space.

Emerging India, a Mauritius-based private equity fund, is primarily a growth-stage investor that invests across multiple asset classes, including, long-only equities, fixed income, credit strategies, private equity and fund of funds. In India, the investment fund has, till date, largely focused on capital markets.

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