NEA-IndoUS Ventures, a venture capital co-founded by tech evangelist Vinod K. Dham and seasoned Silicon Valley entrepreneur Vani Kola, has invested $5 million in Via, India's leading travel services firm.
The first round of funding in Via, set up as FlightRaja last year, will be invested in expanding its products and service offerings, besides its presence through a network of agents, kiosks and franchises across the country.
Booking about 5,000 domestic air tickets per day through a network of 3,000 travel agents spread across 290 cities in the subcontinent, Via has been able to achieve a Rs.20 million (approx $493,000) turnover per day and turn profitable in online space within the first 12 months of commencing operations.
Read more in The Economic Times article.
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