your password has been reset successfully, Please login again.

Hotel management system Hotelogix raises $5 million

Hotel management system Hotelogix raises $5 million from Vertex ventures and its existing investors.
BY BEx Bureau
BusinessEx
Mar 06, 2018

A cloud-based hotel management system Hotelogix has raised $5 million in a funding round led by Vertex Ventures and its existing investors Accel Partners and Saama Capital also took part in the funding round.

In 2009, the Noida-based company Hotelogix was founded by Prabhash Bhatnagar and Aditya Sanghi. The company uses its technology to automate hotel operations, increase booking boost revenue, with channel manager, booking engine. The company claims that its hotel management system is being used by more than 1500 hotels in over 100 countries.

The company plans to use the raised funding to initiate its operations in Thailand and also to target hotels catering in North, South America and UK.

Sanghi said, Rapid as well as a well-thought-out expansion, is on the cards. In the last couple of years, we have created a good customer base of group hotels in India, replacing popular on-premise property management systems. With this, we have gained a strong foothold in Indian market that has set the stage for us to now invest aggressively in this segment to scale up operations.

Ben Mathias, managing Partner at Vertex Ventures said, the number of interfaces needed by hotels to OTAs, channel managers, search engines, and review sites is continuously increasing, which necessitates the need for hotels to have a cloud-based PMS solution.

The companys technology partners are Amazon Web services, TripAdvisor, PayPal, etc.

The company raised its first funding of $1.2 million in 2012 from Accel Partners, Blume Ventures and Mumbai Angels. In 2014, the company further raised $1.8 million from Accel Partners and Saama Capital.

Please add your Comment
SIMILAR News
September 22, 2018
The startup is planning to use the funds to primarily expand operations. ...More
By Vaishnavi Gupta
September 13, 2018
The raised funds will be used to build the brand, expand distribution, and increase product offering ...More
By Vaishnavi Gupta
September 07, 2018
New funds enable GreyOrange to accelerate the fulfillment of its vision to develop the next generati ...More
By Vaishnavi Gupta
September 06, 2018
JSW Steel and promoters have bought around 88% stake in the Monnet Ispat and Energy Ltd (MIEL). ...More
By Vaishnavi Gupta
September 06, 2018
The new infrastructure fund exceeds its initial target of $5 billion. ...More
By Vaishnavi Gupta
September 05, 2018
Miles Software provides wealth and asset management on-demand software to banks, asset managers and ...More
By Vaishnavi Gupta
September 05, 2018
Tonguestan works as an online marketplace and is a caterers and restaurants aggregation platform. ...More
By Vaishnavi Gupta
August 06, 2018
Nearby Technologies allows lakhs of retailers and merchants to offer bill payment service to their c ...More
By Shah Mohsin
August 06, 2018
The lender will deploy the funds to expand its presence across its already established markets as we ...More
By Shah Mohsin
August 04, 2018
The two acquisitions will generate employment opportunities from Ebix in India by around 400 employe ...More
By Shah Mohsin
August 04, 2018
The fresh funds will be used to accelerate product development, reach more customers and for client ...More
By Shah Mohsin
August 03, 2018
Presently, Goibibo comes with features like seat and meal selection, auto check-in and hotel reviews ...More
By Shah Mohsin