Deals

Indian travel site Cleartrip raises $8M from DAG Ventures — because DAG can react within 48 hours

If you’re not reaching, engaging, and monetizing customers on mobile, you’re likely losing them to someone else. Register now for the 8th annual MobileBeat, July 13-14, where the best and brightest will be exploring the latest strategies and tactics in the mobile space.

DAG Ventures has led an $8 million second round of funding for Indian travel site Cleartrip, VentureWire reports today (sub required).

Together with its previous $3 million from Google founding investor Ram Shriram, and Kleiner Perkins, Cleartrip has now raised close to the same as its competitors.

Travelguru just raised $15 million, and MakeMyTrip is reportedly about to raise double digit millions too.

DAG has made a string of investments in other Kleiner-backed companies lately.

Kleiner Perkins General Partner Ted Schlein told VentureWire in November that the firm likes working with DAG Ventures because of its ability to make quick decisions. “I can make a call over to the DAG guys knowing they will be in touch with a company for an early exploration within 48 hours,” Schlein said.

Ram Shriram’s Sherpalo Ventures also participated in the round, according to the report.