Hotelogix to use $5 million investment for rapid expansion
Following on from the successful launch of the popular Mobile Hotel app, cloud-based hotel property management system provider, Hotelogix, has raised $5 million USD to sink into building it’a global presence — with special focus on group hotels.
The hospitality technology firm also plans to accelerate product innovation with this round of funding. Vertex Ventures led the round, with participation from Accel Partners, and Saama Capital.
Founded by Prabhash Bhatnagar and Aditya Sanghi, interviewed by Travel Daily in 2016, Hotelogix offers an all-in-one enterprise-grade cloud-based Hotel Property Management System (PMS), used by hotels in 100+ countries. The company effectively assists hotels to streamline operations, grow booking revenues, and moreover to increase profit margins.
Aditya Sanghi co-founder & CEO of Hotelogix, described how the company will invest the funds with focused development in key regions in Europe and the Americas,“Rapid as well as well-thought out expansion is on the cards. We would use this fresh capital infusion to target group hotels in regions including United Kingdom, North America, and South America. Additionally, we will also scale up our operations in our home turf, India.”
The company also aims to expand its operations in Thailand and make it the hub for Southeast Asia. On product innovation, Prabhash Bhatnagar, founder at Hotelogix said, “Funding will be used to strengthen our product’s DIY capabilities. We are committed to ensure that our PMS becomes the robust, yet most user-friendly application for hotels across categories.”
“We are excited about this partnership with Hotelogix,” said Ben Mathias (above), managing partner at Vertex Ventures. “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. Hotelogix already has an impressive global install base and we look forward to working with Prabhash and Aditya as they expand their leadership in this market,” Ben added.
Click here to learn more about Hotelogix.