he acquisition of once-high-flying Tripping.com as a distressed asset was a losing deal for investors. It’s not clear what the payoff will be for HomeToGo acquiring a Silicon Valley rival at vacation rental price-comparison. HomeToGo faces daunting expectations now, having raised $150 million. Read the full article here.
His latest bet is Canadian travel startup SnapTravel, which helps users make hotel bookings through messenger platforms like WhatsApp. Curry and Telstra Ventures, the investment arm of Australian telecom giant Telstra Corp., were among a group that invested $13.2 million in the company, which closed its series A funding round at $21.2 million, according to a statement Tuesday. Read the full article here.