Monday, December 19, 2016

Yatra to be listed on @NASDAQ today; completes TRTL acquisition

Yatra Online have completed the transaction with Terrapin 3 Acquisition Corporation (TRTL), which will result in TRTL becoming a partially owned subsidiary of Yatra. The combined company’s stock is listing on NASDAQ under the ticker symbol “YTRA” with effect from today.

As a part of this process, Yatra has raised more than USD 92.5 million of primary capital from global investors, and the merged entity, ‘Yatra Online Inc’, will continue to be led by Yatra’s management team, Yatra Online Inc said in a statement.

Commenting on the development, Yatra co-founder and CEO Dhruv Shringi said, “It’s a matter of great pride for us to be one of the few Indian companies to be listed on Nasdaq”.

Founded in 2006, Yatra has investors comprising of Reliance Capital, IDG Ventures, Norwest Venture Partners, Valiant, Network 18, Vertex Ventures, Macquarie, Intel Capital and RVCF.