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February 06, 2013

Deal Alert: HolidayIQ raises 3rd round from Tiger Global, Accel; de-merges from Singapore’s Wego

Hedge fund Tiger Global Management and VC firm Accel Partners have made their third round investment in travel and holiday information company, HolidayIQ. Tiger Global has invested an estimated Rs.26-30 crore in the Bangalore-based firm, which will use the funding for product development, marketing and hiring talent. 

In November 2010, the firm merged with Wego Pte, a Singapore-based travel search company. Following the merger, the combined entity then jointly raised a second round of funding from Tiger Global. Now, HolidayIQ and Wego have de-merged. 

Source: Economic Times

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