Wildlife Travel Portal Planetwildlife.com Plans To Raise $5 Mn PE Funding

Hyderabad-based Planetwildlife.com (India) Limited, which runs wildlife travel portal Planetwildlife.com, is planning to raise $5 Mn private equity funding.

It intends to use the funds for further development of its website, to add new revenue models, such as e-shop, and for acquisitions.

Transaction Reference: Business Standard

Founded in August 2010, Planetwildlife started commercial operation in January this year. It offers wildlife tours to various destinations across the world.

The portal also features information on species and destinations.

It currently has offices in India, Sweden, Australia and UK and plans to open more offices in other countries. In India, it plans to open branches in Mumbai, Delhi and Bangalore by 2013. 

Globally, the market size for the wildlife tourism is $22 billion, which is growing at 7% YoY, according to the 'Tourism Highlights – 2010 edition' published by UNWTO (World Tourism Organisation), an agency of the United Nations and a global forum for tourism policy related issues.

Transaction Reference: Business Standard
Topics        : Private Equity
Industries  : Technology
Category  : Planned