Cloud-based Hotel Property Management System provider Hotelogix has raised USD 5 million to accelerate product innovation and market expansion.
Vertex Ventures led the round, with participation from Accel Partners, and Saama Capital, a company release said.
Founded by Prabhash Bhatnagar and Aditya Sanghi, Hotelogix offers an all-in-one enterprise-grade cloud-based Hotel Property Management System (PMS), used by hotels in countries.
The company effectively assists hotels to streamline operations, grow booking revenues, and moreover to increase profit margins, the release said.
Aditya Sanghi, Co-founder and CEO at Hotelogix, said, "With this, we have gained a strong foothold in Indian market that has set the stage for us to now invest aggressively in this segment to scale up operations.
Hotelogix is certainly set to become the largest cloud-based PMS player in India.
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