The Hindu Business Line : Yatra.com ties up with global carriers

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Hyderabad Feb. 23 Online ticketing and travel services provider Yatra.com has partnered with over 50 plus international airliners to offer global ticketing solutions and is targeting revenues of $120 million by year-end.

The company has launched a social networking site raahi.com that aggregates content related to travel advisory and other support functions.

Lufthansa, Virgin, Gulf Air, Singapore Airlines, Thai are among partners for international ticketing.

The co-founder and Director of Yatra.com, Mr Dhruv Shringi, said "since launch in September 2006, the company has made significant strides and now averaging transactions of over $5 million a month. With recent international tie-ups, we expect this to go up and we are targeting $120 million by 2007-end."

Mr Shringi said the company had received funding from Norwest Venture Partners (NVP), a venture capital firm of Promod Haque, Reliance Capital (Anil Ambani) and TV 18 group.

"The online ticketing industry in India is estimated at about $1.3 billion and continues to grow at a fast clip. The partnership with over 55 airliners would help us grow rapidly in the marketplace," he explained.

Referring to raahi.com, which was launched earlier this week, he said the site aggregates content and seeks to become a social networking site for travellers providing interesting insights and information to travellers.

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