Startup HotelsAroundYou which allows customers to book quality hotel rooms at the last minute has raised undisclosed amount in seed funding led by 10 angels investors associated with Venture Nursery, an angel-backed startup accelerator program.
HotelsAroundYou was part of Venture Nursery’s fifth batch which was announced earlier this year in May.
Over 10 angel investors, including Amit and Arihant Patni, Aditya Birla Capital Advisors chief executive – Bharat Banka and Shravan Shroff, have invested in the company in this seed round.
HotelsAroundYou, whose service is available currently only in Mumbai city, curates, features limited location-based hotels and also ensures that users get the day’s best price for a hotel. Like any other startup working in this category, it also gets commission per booking.
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The startup was founded by Harsha Nallur, an MBA graduate from the ISB; Mohsin Dingankar, a graduate from the University of California, San Diego; and Animesh Chaudhary, an engineering graduate from Mumbai University in 2013.
The service is available on web and also on mobile app.
In past few months, a lot funding activities in the travel space has taken place, recent developments include:
With this, recently MakeMyTrip, has launched a $15-Mn innovation fund to invest in startups working on travel-related technology. Also, International Air Transport Association (IATA) partnered with Travel Capitalist Ventures, a leading travel-focused investment firm, to create the NDC Innovation Fund which will be investing in startups working in travel space either Consumer or Business-to-Business.