Update: Djubo founders Tarun Gulati and Sankalp Goel spoke to MediaNama about the nature of Ibibo's investment and Ashish Kashyap's involvement in the company. Gulati said that their product will be integrated across all of Naspers and Ibibo's travel portals. "Ashish Kashyap's involvement is strategic and related to the direction we are taking and he's opening up a lot of doors for our product. We are also integrating our product with Ibibo group's products. So both of us are working together. Even we're offering to hotel integration with a Redbus, PayU Money, Ryde and all these group subsidiaries are going to be integrated to our product and empower hotels," Gulati added. Earlier: The Ibibo Group, which owns properties such as Goibibo.com, redBus.in, Yourbus and ibibo Ryde, has acquired a minority stake in cloud-based hotels solution provider Djubo for an undisclosed amount. Djubo was launched in February this year. The company was co-founded by Tarun Gulati, an IIM Bangalore alumnus with over 6 years of experience in private equity and 3 years in the hospitality and hotel technology, and Sankalp Goel, an IMT Ghaziabad Alumnus with over 6 years of experience in IT consulting and software development. Djubo provides an app-based centralized reservation platform. It also offers mobile friendly website templates for hotels along with a booking engine and payment gateway and provides online channel management for automated integrations with multiple travel aggregators. Djubo claims that is is already live with over 100 hotels and the investment will enable it to scale to thousands of hotels in the…
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