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HolidayIQ travel community and review service secures investment round, de-merges from Wego

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Just two years and four months after uniting with metasearch engine Wego, Indian content site HolidayIQ has split from its sister brand and raised its own funding round.

The investment comes from Accel Partners and Tiger Global Management, the second time the pair have invested in HolidayIQ.

HolidayIQ would not confirm the value of the injection, but Indian media claim it is in the region of $4.5 million to $5 million.

At the time of the merger with Wego in November 2010, both Accel and Tiger invested an undisclosed Series B sum in the newly formed business and operations for HolidayIQ were expected to move to Singapore, home of the Wego brand.

HolidayIQ claims it is the largest holiday information and review platform in India, having launched in 2004 under the original name of India Resorts Survey and gradually including information and reviews for around 30,000 properties in the country.

Tiger has previously also invested around $10 million in travel site Anywayanyday in July 2010, as well as its interest in Wego.


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