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

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… Continue Reading