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Deal Alert: Seedfund invests in hotels software firm Axis Rooms Travel

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Seedfund has invested in Axis Rooms Travel Distribution Solutions, a maker of hotel room management software that enables hotels to update and share their inventory status with agents and online portals in real time. Axis was founded in 2009 by Anil Kumar Prasanna and Ravi Taneja, former employees of travel portal Via. Currently, online travel websites expect hotels that partner with them to set aside a certain number of rooms that may or may not be filled up.

Another startup offering similar solution includes Hotelogix, a hotel management software provider that offers a distribution system as well. It raised funding from Accel Partners, Blume Ventures and Mumbai Angels in 2012. 

 
Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.

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