The time has come for some consolidation in the online travel space. Travelguru is close to acquiring online hotel rooms consolidator Desiya.com. Industry sources said that the deal is more or less done. When VC Circle contacted, Amit Taneja, the founder and CEO of Desiya, refused to comment on the development.
Gurgaon-based Desiya was founded in early 2005, and currently employs about 50 people. It only deals in online hotel booking, and is said to be having a network of 3,300 hotels. The company, interestingly, has not been focusing on B2C space, but has been providing B2B hotel solutions to travel portals like Travelguru, Indiatimes and Cleartrip.
Desiya is founded by Amit Taneja (co-founder & CEO), Reuel Ghosh (co-founder and CTO), and Andrew Morsi (co-founder and Chief Marketing Officer).
Travelguru, backed by Sequoia Capital India and Battery Ventures, started as an online airline booking portal. Lately, the Bangalore-headquartered company has shifted its focus to hotel booking. Acquisition of Desiya is likely to strengthen its position in the hotel space.
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