Mobile booking app RoomsTonite, a Bengaluru based startup, secured angel funding amount of US$ 1.5 million from a clutch of investors. The funding was led by 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; and Ralph Berezan of Berezan Group of Canada invested in this round. Vissal Mathew and Balamurali Krishna of IDS Software also contributed to this round in RoomsTonite.
The company will use these funds to expand their services in India and other countries. RoomsTonite helps customers to book hotel rooms at discounted rates. The app enables users to book hotels for the same day or up to three days/nights including the booking day with offers.
Founded by hospitality and travel industry veteran, Suresh John, since its inception in June 2014, the company has witnessed growth from its business and user base standpoint. The company today boasts over two lakh downloads in a span of less than a year and a high percentage of repeat users.
Speaking on the occasion, Suresh John, CEO and co-founder, RoomsTonite said, “While technology is at the forefront of what we do at RoomsTonite, our constant focus is to ensure that customers get the experience of real time booking at a great price and to further help them with their last minute travel plans through our platform.”
“On the hotels front, we are a unique platform to help sell their unsold inventory, so hotels can earn additional revenue through RoomsTonite, and therefore increase their revenue per room,” John added.
The company has so far directly partnered with over 4000 hotels across 325 destinations in India. “We ensure that only top quality hotels are on-boarded, and the prices of these hotels are very competitive, so customers can book a top quality hotel whenever they wish, at a great price,” said John.