Hedge fund Tiger Global Management and VC firm Accel Partners have made their third round investment in travel and holiday information company, HolidayIQ. Tiger Global has invested an estimated Rs.26-30 crore in the Bangalore-based firm, which will use the funding for product development, marketing and hiring talent.
In November 2010, the firm merged with Wego Pte, a Singapore-based travel search company. Following the merger, the combined entity then jointly raised a second round of funding from Tiger Global. Now, HolidayIQ and Wego have de-merged.
Source: Economic Times
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