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“The small- and mid-sized hotel properties face identical operational challenges to those faced by larger, multi-starred hotels; only the scales of operation are different,” said Prabhash Bhatnagar, founder, Hotelogix
Hotelogix, the leading cloud-based SAAS (Software as a Service) offering for the small and mid-sized hospitality industry, announced that it has raised $1.2 million in funding from global venture firm Accel Partners as lead investors and Blume Ventures, Mumbai Angels as co-investors.
“The small- and mid-sized hotel properties face identical operational challenges to those faced by larger, multi-starred hotels; only the scales of operation are different,” said Prabhash Bhatnagar, founder, Hotelogix. “Hotelogix cloud based solution is easy-to-adapt and very cost efficient. With simplistic approach to solving this complex problem, creating a hotel and running its operations on Hotelogix, is as simple as creating an email account online.”
The small and mid-sized hospitality industry is largely underserved globally. Hotelogix addresses their needs with a solution to help manage their operations in a simplified way and well within their constraints to reach a level at par with higher starred properties and brands.
Hotelogix is a cloud-based property management system (PMS) on SAAS model offers customers a unified approach for their business needs like front-desk operations, housekeeping, restaurants etc., and generates higher revenues from the online channels and stay integrated with the external stakeholders of their hospitality business.
Speaking about why they chose to invest, Shekhar Kirani said, “Accel is very excited about Hotelogix's team, their product and the market. With more than 16 million hotel rooms in the world, where, most of them will upgrade to a cloud-based hotel management platform soon, Hotelogix's cloud-based platform is perfectly positioned for this market.”
“We will use the funds to build further foothold on the global market, continuing with the dramatic growth rate of establishing customers in 40+ countries that we have demonstrated in the past two years. We will now focus on creating serious inroads into the north and south American markets. With Accel’s global footprint, combined with aggressive and successful track record of Blume Ventures and Mumbai Angels, we look forward to leveraging their experience in becoming a world-class organization” said Aditya Sanghi, CEO, Hotelogix.