Its a natural human tendency, esp in indians, that they cannot see someone else get lucky or someone getting their worth. I looked up a writeup about Cleartrip getting 3rd round funding. In Rajiv Dingra's own words......
Talk about the roof giving way and a windfall of money falling from it and it just doesn’t stop raining money! Im sure if one were to visit the cleartrip office in mumbai a similar scene atleast in context of the news just in can be visualized. So more funding has come into the travel space and this time the beneficiary is cleartrip which has raised a whopping 18.5 Million $. Just convert that into rupees and you get an astronomical 75 crores approx. The people backing cleartrip with this whopping amount are DFJ (Draper Fisher Juvertson) who have pumped in 10 Million which there are a group of other investors who have contributed the rest of the millions which also includes Mahindra Ventures. I guess Mahindra’s interest in cleartrip can be attributed to its own mahindra holidays venture as well.
I dont know about his viewpoint, but according to me ... cleartrip is clean, simple with right combination of people and resources. First thing is, they keep the pages clean, no popups, no banners, no distractions. Second thing is its backed by investors who have good gut feeling and who are right in picking up portfolios. Third thing is Travel space has a lot of space and market share up for grabs. Fourth thing is If something isnt successful then someone wont put their money in. Fifth point is that they are in the business for 2 yrs with impressive revenue and market share.
Talk about the roof giving way and a windfall of money falling from it and it just doesn’t stop raining money! Im sure if one were to visit the cleartrip office in mumbai a similar scene atleast in context of the news just in can be visualized. So more funding has come into the travel space and this time the beneficiary is cleartrip which has raised a whopping 18.5 Million $. Just convert that into rupees and you get an astronomical 75 crores approx. The people backing cleartrip with this whopping amount are DFJ (Draper Fisher Juvertson) who have pumped in 10 Million which there are a group of other investors who have contributed the rest of the millions which also includes Mahindra Ventures. I guess Mahindra’s interest in cleartrip can be attributed to its own mahindra holidays venture as well.
I dont know about his viewpoint, but according to me ... cleartrip is clean, simple with right combination of people and resources. First thing is, they keep the pages clean, no popups, no banners, no distractions. Second thing is its backed by investors who have good gut feeling and who are right in picking up portfolios. Third thing is Travel space has a lot of space and market share up for grabs. Fourth thing is If something isnt successful then someone wont put their money in. Fifth point is that they are in the business for 2 yrs with impressive revenue and market share.
1 comment:
k Cleartrip is extremely focused brand ,these guys know what they want and how to get it. Unlike Yatra and Make my trip who seem so confused and unfocused . One can not differentiate their products which I think will be a huge downfall.
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