India’s VIA to take flight on $100 million fund raising
Bangalore-based travel services provider VIA moves even faster than its clientele, it would appear. Founded in 2006, the company boasts annual revenues of $500 million, and growth in the 60% p.a. range. And it has just announced it will raise up to $100 million from a combination of private equity and venture capital investors to fuel its ambitious global growth plans going forward.
These include establishing a presence in 50 countries with air links to New Delhi and Bangalore, plus a strategic shift to selling publicly-listed shares in India and the US with a view to reaping as much...
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