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August 18, 2013

Deal Alert: TLabs inv in US-based travel info service Skift

New York based travel intelligence and information portal, Skift, has raised funding from Times Internet Limited. The terms of the deal do not involve a board seat. Skift, which offers news, information, data and services related to travel, raised $1.1 million of funding in May this year in a round led by Lerer Ventures with participation from a group of eight angel investors along with seed funds Ironfire Angel, MESA+, Advancit Capital and Grow lab+LX Ventures.

From the Venture Intelligence Angel Investments database: In August 2012 Vishal Gondal and Sanjay Parthasarathy had invested $0.5 million in Skift. 

Source: Nextbigwhat
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