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2013-09-26

AxisRooms Raises Fund from Seedfund Advisors

AxisRooms, a technology led, hotel inventory distribution company announced that it has raised its first round of funding from Seedfund Advisors. Axis rooms has been founded by Anil Kumar Prasanna and Ravi Taneja and supported by core team formation of Leema Rosali, Rahul Agrawal and Rahul Goyal

AxisRooms, a technology led, hotel inventory distribution company announced that it has raised its first round of funding from Seedfund Advisors.Axis rooms has been founded by Anil Kumar Prasanna and Ravi Taneja and supported by core team formation of Leema Rosali, Rahul Agrawal and Rahul Goyal. AxisRooms offers complete hotel distribution SaaS solutions to manage a hotel’s channel management, booking engine and corporate bookings.

 

Bharati Jacob, Partner , Seefund Advisors, said “ Today hotels sell through multiple channels – online, offline, walk-in etc and they have lacked a system that allows them to manage inventory across these disparate channels. AxisRooms fills in the gap. What really excited us about the investment, apart from the large market, is the team. “

 

Anil Kumar, Founder, AxisRooms, “With an increase in independent Hotels and easy accessibility to internet, Indian hotel industry has experienced the power of online booking in the past few years. AxisRooms products are aimed at offering an affordable and efficient solution to the hotels and helping them reach to a larger base of customers across India.”

 

The company at present offers three key products   - Channel Manager, Booking Engine and Corporate and SME Tools. The Channel Manager provides a single platform for hotels to manage inventory and pricing with all online travel portals. The platform also helps hotels to increase their distribution and revenue.

 

AxisRooms currently partners with Expedia, Booking.com, Agoda, Makemytrip, TravelGuru, Cleartrip, GoIbibo, Splendia, HotelTravel.com, Travelocity, Hotels4u (a Thomas Cook Group) etc,and has 265 hotel clients using its platform. It aims to increase the number of hotels to 5000 by 2015.

 

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