Yatra.com, an India-based reservations company backed by Intel’s corporate venturing unit, has reportedly bought venture-backed hotel booking company MagicRooms.
Yatra.com paid an undisclosed sum to buy the company, according to news provider Deal Curry.
In April Yatra.com raised R200 crore ($45m) from and Intel Capital as well as venture firms Valiant Capital and Norwest Venture Partners, selling a reported 26% stake. Yatra previously raised R150 crore. Other previous investors included Reliance Venture and TV18 Group.
Yatra.com had sales of $500m last year and was planning an initial public offering 12 to 18 months after the latest fundraising.
MagicRooms previously receive R7 crore from Indian venture firm Nexus Venture Partners, according to Deal Curry.