more-inTravelTriangle, a marketplace for finding and booking travel and holidays, said it had raised ₹78 crore ($12 million) in a series C funding round led by growth capital fund Fundamentum. This is the first investment by Fundamentum, which was founded by tech billionaire Nandan Nilekani and venture capital investor Sanjeev Aggarwal. Existing investors — SAIF Partners, Bessemer Venture Partners and RB investments — also participated. “We met more than 50 companies before investing in TravelTriangle and we were very impressed by the team,” said Mr. Nilekani, in a statement. The Indian holiday market is a $10 billion opportunity, and is poised to become $30 billion in the next six years, the firm added.

Source: The Hindu April 10, 2018 17:00 UTC