Hotelogix raises $5 mn in fresh funding to accelerate product innovation

The company had earlier raised a total of $3 mn in funding in two different rounds from Accel Partners and Saama Capital

Cloud-based hotel management system provider Hotelogix has raised $5 million (Rs 325 million) in a funding round led by Vertex Ventures to accelerate product innovation and market expansion beyond India. Accel Partners, and Saama Capital also participated in this round.

Hotelogix co-founder and Chief Executive Officer Aditya Sanghi said: “We have created an impressive customer base of group hotels in India, replacing popular on-premise property management system. With this, we have gained a strong foothold in Indian market that has set the stage for us to now invest aggressively in this segment to scale up operations.”

The Bengaluru-based company, he claimed, was