This is the second time that the company has been acquired. Travelocity had acquired TravelGuru in 2

Leading Indian online travel agent, Yatra.com , has acquired online hotel aggregator  TravelGuru  from Travelocity , another OTA, according to a company release. The exact terms of the deal were not disclosed. According to Yatra, the acquisition would enable it to extend itself cheap hotels florida as a leading aggregator of hotels, with access to more than 6500 hotels in India and 72,000 hotels worldwide from Travelguru. However, it clarified that TravelGuru will continue to operate separately under its existing brand name.
According to Yatra CEO Dhruv Shringi, the company hopes that the consolidation will help increase its customer base, widen its product portfolio and allow it to bundle solutions, offering better deals and value propositions to its customers. It would also benefit TravelGuru's hotel partners as they'd cheap hotels florida get access to Yatra's online and offline distribution network, he added.
This is the second time that the company has been acquired. Travelocity had acquired TravelGuru in 2009 for an undisclosed sum, and had allowed it to operate as a separate company and brand. Before being acquired by Travelocity, TravelGuru had raised, in all, $25 million in investment from Sequoia Capital and Battery Ventures, and was a part of Times of India's Private Treaties portfolio. It had acquired hotel bookings site, Desiya, for around Rs 100 crores, around $25 Million in 2007, which is an important contributor to its business. TravelGuru  was also reported  to have been acquired Expedia, but that deal was eventually denied by the company.
We're definitely seeing some consolidation in the segment cheap hotels florida with bigger OTAs acquiring focused properties, as the hotel segment grows further. cheap hotels florida Yatra had earlier acquired  b2b hotel aggregation   and reservation company,  MagicRooms , through its hotels subsidiary cheap hotels florida Intech Hotel Solutions , following which the MagicRooms team had joined forces with Intech. MakeMyTrip, another leading Indian OTA, had acquired  My Guest House Accommodations Private Limited  (MGH), a company that  aggregates, sells and distributes  hotel room inventory focused on budget lodging accommodations and serviced apartments.