Hotelogix gladly announced officially on April 5th, an investment of $1.2 million from Accel Partners as the lead investors wherein Blume Ventures and Mumbai Angels as their Co-Investors.
We believe the small and midsized hospitality industry is largely undeserved globally and that this particular segment has limited options available to adopt technology to manage their operations efficiently, also be able to leverage the business.
Shekhar Kirani from Accel Ventures 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.”
Hotelogix currently has customers in 40+ countries and would be looking to create serious inroads into North American and South American market with this investment. They also aimed to create a strong brand and market presence creating a concrete channel partner network as a scaling up strategy.
A practice of cultivating relationships, technology, insight and marketing knowledge around a focused set of technology initiatives is the prime focus of the Accel Partners. They have mentored several start-ups in their quarter century of operations worldwide, and their investment in the company is an indication of their belief and the faith entrusted in us.
Aditya Sanghi, CEO, Hotelogix said, “We will now focus on creating serious inroads into the North and South American markets. Having successfully established our channel partner network in regions like North America, Caribbean islands, Far East etc. Building this network further will be a key factor in our scaling up.”
He added, “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.”
With these investments we cardinally continue to grow its business globally and deliver the world class could base operational solutions, to the small and mid-sized hospitality industries.