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
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
March 22, 2019
After the fresh funding round, Bjyu, the private education technology company, has become the fourth ...More
By Jaspreet Kaur
March 22, 2019
Through the current pricing, the company anticipates to garner capital up to INR 25,000 crore ...More
By Jaspreet Kaur
March 13, 2019
The decision has been taken considering the succession planning idea and owing to which, Rahul Bajaj ...More
By Jaspreet Kaur
March 08, 2019
Suven Life said that the company would be procuring assets through its partnered company, Shore Suve ...More
By Jaspreet Kaur
February 26, 2019
Gautam Thapar, leading CG Power and Industrial solutions, was in talks of selling stakes in the orga ...More
By Jaspreet Kaur
February 21, 2019
DCC, on Thursday, held a meeting to discuss the revival plan of BSNL and MTNL. ...More
By Jaspreet Kaur
February 20, 2019
Government has launched the second report of states’ ranking 2019 as per the decided framework. ...More
By Jaspreet Kaur
February 19, 2019
Union minister, Suresh Prabhu informs that the ministry has altered the definition of startups. ...More
By Jaspreet Kaur
February 15, 2019
Stocks of Bharti Infratel are trading high in afternoon NSE index. ...More
By Jaspreet Kaur
February 14, 2019
On Thursday, Nikkei slashed 0.02 per cent at 21,139.71. ...More
By Jaspreet Kaur
February 13, 2019
Ramapai is a veteran in the industry and carries up to 24 years of experience. ...More
By Jaspreet Kaur
February 11, 2019
German bank and financial services company, Deutsche bank makes the largest infusion in the country ...More
By Jaspreet Kaur