, 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).


VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more
Become a member