AxisRooms, a hotel technology specialist, has raised angel funding from Seedfund Advisors.
This new fund, which is undisclosed, will go towards product enhancement and client acquisition.
The company aims to increase the number of hotels it supports from its current number of 265 to 5000 by 2015, and also wants to be India’s biggest hotel distribution platform.
AxisRooms provides SaaS-based solutions like channel manager and booking engines for hotels and also provides a corporate booking tool for companies.
Bharati Jacob, partner at Seefund Advisors says:
“One of the strongest points of AxisRooms is that since all the founding members have rich experience in the travel industry – the products address the true needs of the industry. They are in the process of consolidating their offerings and we at Seedfund look forward to being a part of their growth.”
Anil Kumar, founder at AxisRooms says:
“With an increase in independent hotels and easy accessibility to the internet, the Indian hotel industry has experienced the power of online booking in the past few years.”
AxisRoom has many rivals in the space including Travelclick, Hotelogix, and RateGain.
Seedfund was also an early stage investor in redBus, India's biggest bus booking website. redBus was recently acquired by ibiboGroup, the company that runs Goibibo and TravelBoutiqueOnline.
AxisRooms was founded in 2011 by Anil Kumar Prasanna and Ravi Taneja, other core members in the company include: Leema Rosali, director of operations; Rahul Agarwal, director of product development and Rahul Goyal, director of technology.
AxisRooms's partners include Expedia, Booking.com, Agoda and makemytrip.
NB:Investment image via Shutterstock.