Hospitality

Hotel bookings venture Inasra to raise $15-25 mn

NEW DELHI/MUMBAI

Inasra Technologies, which owns and operates hotel booking website Stayzilla-.com is looking to raise its second round of institutional funding, estimated at between $15 million to $25 million (Rs 92-152 crore), at a time when travel-related ventures have once again caught the attention of risk capital investors.

If successful, the round will follow the yet undisclosed funding raised by the Chennai-based company from Matrix Partners India in October last year. It had also raised seed funding of $5,00,000 from the Indian Angel Network in March 2012. Sources indicated that Stayzilla could dilute 15-20% stake in this round of financing.

Read more at Economic Times

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