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AxisRooms Raises Funds From SeedFund

axisroomsAxisRooms, which provides room management solutions for hotels, has raised an undisclosed amount for funding from SeedFund, reports NextBigWhat.

Founded in 2009, AxisRooms allows hotels to manage their inventory with agents and customers in real time. It currently offers three products – AR ConnectAR Book, and AR Corp. These products allows hotels to manage their B2B partners, hotel contacts, SME/corporate clients, analyse and communicate with clients, and provides a virtual revenue manager. The software application provides integration with Travelocity API, splendia API, Hotels4U API, Hoteltravel API, among others.

In July 2013, hotel aggregator Travelguru.com had launched TGConnect – an Extranet API for hotel partners and channel managers for exchanging hotel rates and inventory. At that time the company had mentioned that the API was already live with AxisRooms.

Travel related investments

In November 2011, MakeMyTrip had acquired My Guest House Accommodations Private Limited (MGH), a company that used to aggregate, sell and distribute hotel room inventory focused on budget lodging accommodations and serviced apartments, with an aim to improve efficiency in the distribution of hotel room inventories.

In July 2011, Yatra Online, anonline travel agents, had acquired b2b hotel aggregation and reservation company, MagicRooms, through its hotels subsidiary Intech Hotel Solutions.

Bangalore based Thrillophilia, a experience travel marketplace, had raised $200,000 in angel funding led by Hyderabad Angels with participation from iLabs Venture Capital Fund, Navlok Ventures and Centre for Innovation, Incubation and Entrepreneurship (CIIE-IIMA).

Online vacation rental marketplace HomeAway is buying a majority stake in travelmob, a Singapore based start-up for vacation rental properties, and with it, a presence in India.

Travel meta-search engine Wego.com, run by Singapore-based Wego Pte Ltd, had raised $17 million in a Series C funding led by Crescent Point with contributions from Victoria Capital and existing investor Tiger Global.

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