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Tuesday, November 16, 2010

Wego merges operations with HolidayIQ and attains Series B funding

Wego, Singapore-based travel meta-search startup, announced today Series B funding round from Tiger Global and merger with Indian travel content site, HolidayIQ.com.

Tiger Global is a New York based growth capital fund and has invested in Zynga, and a Russian travel portal called Anywayanyday among others. Wego has previously received investment from News Digital Media, the digital media arm of Australia-based News Limited. The funding amount was undisclosed.

Wego was also one of the first startups to pitch at the first e27 event.

Here’s the complete release:

Wego.com and HolidayIQ.com Announce Merger; Close Series B Funding Round

Wego Pte Ltd, operators of the Singapore based travel search engine www.wego.com, and Leisure & Lifestyle Information Services Pvt Ltd, operators of the Indian travel content and community site www.holidayiq.com announce a merger of their operations.

The combined entity has also completed a Series B funding round led by Tiger Global, the New York based growth capital fund.

About Wego:

Wego.com allows travelers to search for flights, hotels, packages, travel deals and travel research across 150+ travel websites in the time that it normally takes to search just one. Wego searches travel websites in real-time so that the latest pricing and availability are shown. Travelers are then linked through to partner websites to book. Wego.com was founded in 2005 by former executives from Intercontinental Hotels Group (NYSE: IHG), Yahoo! (NASDAQ: YHOO), Priceline (NASDAQ: PCLN) and ZUJI. News Digital Media, the Australian digital arm of News Limited and part of News Corp (NYSE: NWS), provided Series A funding and remains an investor. For more information, please visit http://www.wego.com/about

About HolidayIQ:

HolidayIQ.com, based in Bangalore, India started operations in 2004. The website of the community, www.HolidayIQ.com, is the leading repository of information and content on vacationing in India and is in the process of expanding its coverage to international destinations for the benefit for India’s outbound travelers. HolidayIQ was founded by Hari Nair, a former partner of KPMG India.

For more information, please visit http://www.holidayiq.com/aboutus.php

Contacts:

Martin Symes, CEO Wego
martin@wego.com

Hari Nair, CEO HolidayIQ
hari@holidayiq.com


Link to full article

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