Xola, a cloud-based travel and marketing software, headquartered in San Francisco, USA, has managed to raise $5 million in Series A funding round led by Rakuten Travel. Xola, created by Xola, Inc. lets travel companies manage and handle online and mobile bookings, schedules, marketing of tours and management payments. It fills the distribution gap existing between resellers and tour operators.
JSW Energy Ltd is set to purchase Jindal Steel and Power Ltd’s 1,000 megawatt thermal power plant located in Chhattisgarh. The JSW Energy will purchase 100 percent of the power plant at an enterprise value of INR4000 crore.