Musafir to invest Rs 100 cr in India

UAE-based travel portal, in which ace cricketer Sachin Tendulkar owns a minority interest, today announced investment of Rs 100 crore as it launched its operations in the country.

“We are planning to invest Rs 100 crore in the next two-three years. Around 60 per cent of the fund would be going for marketing. The remaining would be for services, and getting the team in place. Apart from that we are also planning to come into the retail space as well,” managing director Sachin Gadoya told PTI here.

Full report here Economic TimesĀ 


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