Startup City Magazine

MakeMyTrip Acquires VC Backed Travel Planning Startup Mygola

Bangalore: India’s top online travel specialist, MakeMyTrip acquires Helion Venture Partners backed travel planning startup Mygola, for an undisclosed amount. As a part of the deal, the entire group of Mygola will join the MakeMyTrip family to concentrate on innovation in the online travel domain. The acquisition was done through its innovation fund, which is launched in 2014 to support startup or early stage companies in the travel technology space.

Mygola was founded in 2009 by ex-Googler Anshuman Bapna and Prateek Sharmaas as a preplanning travel startup. The firm utilized web platform with answer and question based model for information sharing and working out travel arrangements. Later it pivoted to make travel itineraries based on expert blogs.

Through its website and application, the Bangalore and U.S. based travel tech covers over 20,000 destinations and claims to have half a million organic visitors in a month. To monetize mobile users who use apps, the startup firm pivoted last year for the second time to focus on creating last minute, in-destination to do list and book them all through mobile.
In October 2013, the startup had raised its series A round of funding of $1.5 million from Blumberg capital and Helion ventures. Prior to that, it had also raised a million dollar capital from 500 startups founder Dave McClure and many other angels.

Founded in 2000 by Deep Kalra, Rajesh Magow and Keyur Joshim, MakeMyTrip is a Gurgaon based online travel company which offers holiday packages, booking services for flights, buses, hotels, car hire and travel guides. In 2014 February, the firm had procured for around $5 million to fortify its travel technology which offers customer online hotel reservations.

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