Last-minute hotel booking start-up HotelsAroundYou has raised seed funding from more than 10 angel investors associated with early-stage accelerator VentureNursery. The investors include Patni scions Amit and Arihant, Aditya Birla Capital Advisors chief executive Bharat Banka and Fame Cinemas Founder Shravan Shroff.
Started in 2013 by college friends Harsha Nallur, Mohsin Dingankar and Animesh Chaudhary, HotelsAroundYou was chosen for VentureNursery's bootcamp in May 2014. The company, which has launched operations in Mumbai, connects last-minute travellers with hotels looking to sell off unsold hotel rooms for that day. The company aims to solve a problem for frequent business travellers. It will use the funding to expand operations to Pune next month and to six more cities by mid next year.
Source: Economic Times
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