Travel website Goomo gets $50 million from private equity firm Emerging India

Mumbai-based Goomo, an online travel portal, has raised $50 million in its new funding round from private equity firm Emerging India. With this new investment, Emerging India picks up a majority stake in the company.

Commenting on this development, a spokesperson for Emerging India said,

The travel industry in India offers immense opportunities for growth and consolidation. Over the past 12 months we have built a great team with a strong foundation. We are excited about the growth prospects...

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