The online travel booker will target early-stage travel companies, and will plan to focus on mobile travel technology in particular.
India-based online travel company MakeMyTrip.com plans to establish a $15m fund to invest in early-stage travel technology businesses, Press Trust of India reported on Thursday.
MakeMyTrip has formed a six-person committee to oversee the investments, which will go to small and mid-sized companies in the travel space, with a particular focus on mobile and IP-based businesses.
Rajesh Magow, the company’s CEO for India, said: “We are creating a fund of $15m, which is 10% of our cash position, to back…
