Short Take: Zoho raises $50 million

By Steven Musil
Staff Writer, CNET News

Zoho, an online marketmaker for the hospitality industry, announced today it has raised more than $50 million in third-round funding from technology, financial venture and hospitality organizations, as well as private investors. Participating in Zoho's latest round are Amerindo Investment Advisors, Ariba, Bayview 2000 (an employee venture fund of Robertson Stephens), Dell, Harrah's Entertainment, Octane Capital, Quantum Industrial Partners, as well as prior Zoho investors Sand Hill Group and Garnett Capital.

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