Yatra

Anuj Kumar Sethi has been with Yatra for over a decade, previously serving as its principal financial officer.

The company stated that his final working day would be determined through mutual discussions to ensure a smooth transition.

The travel industry is once again grappling with external challenges, as the tech winter has resulted in a substantial decline in funding.

We look at India’s largest exits and the US$70 million series A of a BNPL startup

InnoVen Capital’s $15.4m loan to Yatra shows that venture debt is becoming a useful option for both early stage startups and later stage companies.

Yatra hopes to keep up with NASDAQ-listed MakeMyTrip which merged with Ibibo in October to dominate air travel booking.

Venture capital funding in startups has led to a discount war in India’s online travel booking space. Second largest player Yatra’s move to raise public funds from Nasdaq to remain competitive is proof.

These startups are heating up just in time for the beginning of summer.

Institutional investors make a living out of picking the right startups to back. They place their bets after careful evaluation. So going by where the VCs parked most of their money, here are the 30 hottest Indian tech startups of 2014.

Flipkart-Myntra combo leads India’s ecommerce race with 26 million unique visitors in July 2014. Jabong is second, and Amazon, third.