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Bangalore-based mobile app for last-minute hotel bookings, RoomsTonite, has raised $1.5 Mn (INR 10 Cr.) in seed round funding from a clutch of angel investors including Lashit Sanghvi (co-founder of Alchemy Capital), Nikhil Vora (founder of Sixth Sense Ventures), Venkat Vardhan (promoter of DNA Networks), Mohammed Bin Abdul Rehman Al Khalifa (chairman of Caravan Group), Ralph Berezan (Berezan Group of Canada), Vissal Mathew and Balamurali Krishna (IDS Software).
RoomsTonite will use the funds raised to strengthen its technology infrastructure, improve customer service and sign up more hotels.
Suresh John founded the company in 2014, but the product went live in January this year on Android platform while the iOS version was released in April.
RoomsTonite is a mobile-only last-minute hotel booking app that helps customers to book hotel rooms at affordable rates. It enables users to book hotels for the same day or up to three days and nights including the booking day. As for revenues, it takes a commission of about 15-18% on every booking on the app.
The company has already tied up with about 4,000 hotels across 325 locations and has seen about 200K downloads so far.
The company lists budget, premium, comfort, luxury hotels as well as home stays and vacation homes too. It also lists hotel aggregators such as OYO Rooms, ZO Rooms, Treebo Hotels and Zip. Apart from this, they have also added hotel chains such as Keys Hotel, Ginger, Park, Royal Orchid, and Pride.
RoomsTonite’s biggest competition in this space could be NightStay, a last minute hotel booking service provider which recently raised $500K in pre-seed round funding from BedRock Ventures, Rajesh Sawhney of GSF and Shailesh Vickram Singh, partner at SeedFund. Besides, Stayuncle, an online portal which lets travelers book hotels in the city for 12 hours (also pay only for 12 hours) also operates in this field.
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The post Last Minute Hotel Booking App, RoomsTonite, Raises $1.5 Mn In Seed Round appeared first on Inc42 Magazine.
