MakeMyTrip, Indian travel site, raises $13M, joins all the other Indian travel sites

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., the Indian travel site, has raised $13 million in a second round of funding amid robust growth, according to The Economic Times.

Helion Ventures and Sierra Ventures, and existing backer Softbank Asia Infrastructure Fund (SAIF) invested $6 million, $4 million and $3 million, respectively, the report said. MakeMyTrip may have sold about 20% of its stake in this round, it said, citing people familiar with the transaction.

SAIF already invested $10M last year, which makes MakeMyTrip the most well funded of all the competitors, which include Cleartrip, Travelguru and Yatra.

Notably, MakeMyTrip says revenue will hit $130 million for the current fiscal year, about 200 percent higher than last year — which brings it into IPO territory.

Separately, Sierra Ventures is boosting its investments in India, by committing as an investor in a $12 million fund being raised by Indian VC firm Seedfund, notes VentureWire (sub required).