Hotelogix raises $5 mn in fresh funding to accelerate product innovation
Summary
Cloud-based hotel management system provider Hotelogix has raised $5 million (Rs 325 million) in a funding round led by Vertex Ventures to accelerate product innovation and market expansion beyond India. Accel Partners, and Saama Capital also participated in this round. Hotelogix co-founder and Chief Executive Officer Aditya Sanghi said: “We have created an impressive customer base of group hotels in India, replacing popular on-premise property management system. With this, we have gained a strong foothold in Indian market that has set the stage for us to now invest ...
Funding
Amount
$5.0M
Total raised
Date
March 6, 2018
Announcement date
Investors
-
Lead investors
Company
http://www.hotelogix.com
Funded company
Classifications
industries
Hospitality
applications
No applications detected
AskAI Classifications
Labels
Hospitality Software
Property Management System
Cloud-based Software
Linked Companies
Hotelogix
$10M to $25M