wordpress blog stats
Connect with us

Hi, what are you looking for?

Hotel distribution platform RezNext raises $5 million from NEA

reznextOnline distribution platform for hotels & channel managers RezNext Global Solutions has raised $5 million funding from New Enterprise Associates (NEA). The funds will be used to accelerate the company’s growth.

Founded in 2012, RezNext offers technology for  mid-scale hotels in a real-time environment and helps them automate the current complex hotel distribution landscape.  RezNext claims that it has already onboarded 1200 plus customers to its distribution platform and is in expansion mode, targeting other important markets in Asia, the Middle-east and Africa.

However, RezNext could face competition from Amazon as there have been reports that the technology giant is looking to enter the hotel distribution and booking space in the United States. While RezNext’s geographic markets might be different, it won’t take too long for Amazon to catch up.

Earlier in 2013, RezNext partnered with online travel agent Yatra.com and hotels and holidays booking site Travelguru.com for providing users with real-time hotel information. Users can check the availability of rooms, prices and offers, book rooms and get automated confirmations for the same.

NEA’s recent investments

Earlier in this month, NEA invested a seed funding of $1.5 million in online events stationery platform Inksedge with participation from Pinnacle Ventures, Milliways Ventures & angel investors like Vuclip founder & CEO Nickhil Jakatdar, Gokul Rajaram, Mark Perry and Anil Kamath. The funds will be used for customer acquisition & marketing, hiring technology professionals, improving Inksedge’s technology platform & for launching new products.

And in November, Big-data and marketing SaaS company Blueshift Labs, has raised $2.6 million in a seed round of funding led by Nexus Venture Partners and New Enterprise Associates (NEA), with participation from various angel investors including former CMO of ExactTarget Tim Kopp and founders of Kosmix and Cambrian Ventures Anand Rajaraman and Venky Harinarayan among others.

Advertisement. Scroll to continue reading.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



By Rahul Rai and Shruti Aji Murali A little less than a year since their release, the Consumer Protection (E-commerce) Rules, 2020 is being amended....


By Anand Venkatanarayanan                         There has been enough commentary about the Indian IT...


By Rahul Rai and Shruti Aji Murali The Indian antitrust regulator, the Competition Commission of India (CCI) has a little more than a decade...


By Stella Joseph, Prakhil Mishra, and Surabhi Prabhudesai The recent difference of opinions between the Government and Twitter brings to fore the increasing scrutiny...


This article is being posted here courtesy of The Wire, where it was originally published on June 17.  By Saksham Singh The St Petersburg paradox,...

You May Also Like


Flipkart’s latest round of investment comes at a time when the government’s proposed changes to existing laws seek to tighten the screws around FDI. ...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ