iManageMyHotel, a software-as-a-service (SaaS) based hotel management solution provider, has secured $50,000 in funding from Jaarvis Accelerator. The startup has also been selected for their accelerator program.
Jaarvis Accelerator, which was launched in 2015, invests up to $50,000 in the Enterprise B2B startups active in Artificial Intelligence (AI), fintech, blockchain, IoT, SaaS, robotics, and big data, among others.
Sourav Goswami, co-founder and CEO of the company, said,
More than the funding, the value Jaarvis Accelerator provides is in our go-to-market strategy, industry connects, investor relationships and other such important business growth metrics.
We plan to aggressively expand in the fast growth Asia Pacific market and Jaarvis’ strong presence and network in these countries will definitely give it a boost. With a mature established product and a predictable revenue stream, this funding will help us meet our goals for our next Series A funding.
The startup was founded in October 2015 by Sourav Goswami and Amit Banerjee. iManageMyHotel is a cloud-based property management solution for budget hotels that also works offline for low bandwidth remote locations.
Starting from automating hotel operations, maximizing inventory distribution, reducing overbookings, integrating front desk, restaurants, channel management and POS Management to Online Reservations, it claims to be the only complete end-to-end solution available in the market.
Currently, the platform has more than 150 budget hotels using its system for managing its day to day operations on an annual subscription basis. These hotels also pay a commission fee for the online bookings through its online booking engine linked to online travel portals like MakeMyTrip, Expedia, Booking.com, Goibibo etc.
Earlier, in November 2015, iManageMyHotel raised funds from the Indian OTA Cleartrip which helped them in scaling their business. With over 10 million budget hotels across Asia-pacific and 150,00+ in India, this segment represents a huge opportunity for iManageMyHotel.