Hotelogix, which provides property management systems, says it plans to focus on group hotels following a $5 million funding round.
The investment was led by Vertex Ventures while Accel Partners and Saama Capital also participated.
Hotelogix, which provides cloud-based technology, also plans to speed up product innovation with the funds.
Hotelogix co-founder and CEO Aditya Sanghi says:
“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.”
A statement adds expansion in Thailand is also on the cards with plans to make it the hub for Southeast Asia.
The company's co-founder Prabhash Bhatnagar says:
“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.”
Funding across the hotel technology space, especially in revenue management, is healthy currently. Duetto recently announced $80 million in funding to further develop its hotel pricing products. Meanwhile, Pace, which also specialises in pricing attracted £2.5 million in December.