silicondunia.com

Travelguru that was recently buzzing with activity has been acquired by online giant travelocity. According to the latest news travelguru was acquired by the US based online company. Travelocity has a online booking of more thant 10$ billion dollars. Travelguru has more than 4000 hotel bookings in its capacity in the sub-continent. Travelguru has a large customer database. The deal size is still not disclosed but it needs to be seen what would be impact of a such major acquisition in the market. Some of the other competitors of travelguru are makemytrip.com,yatra.com, cleartrip.com… Well whatever the acquisition could give a better valuation for the dominant internet space and it may add some value proposition in the Internet segment.

Written by Anand.G
The writer is founder of a cricket website Crickick.com, a IT-ITES Professional, an startup enthusiast