Accel Partners invests in Hotelogix
2012-04-06Accel Partners has invested Rs. 6 crore ($1.2 million) in Hotelogix, a cloud-based hospitality solutions provider on SaaS (software as a service) model for the small and mid-sized hospitality segment.
Aditya Sanghi, CEO, Hotelogix said, "We started selling a year ago, and are currently catering to hotels in over 40 countries in the three-star and below segment.
The funds rose would help the company penetrate the North American and South American markets. "Our customers are currently the unbranded or non-franchise properties, and our next step is to go for the branded ones."
He added, "The operational challenges in the hospitality sector become acute for non-franchise properties "as they do not get the IT and marketing infrastructure benefits that come along with a brand, nor do they have the means to afford a strong in-house IT and marketing system. Online booking was gaining popularity the world over, and in India too."
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