Hotelogix has received undisclosed investment from Mumbai Angels and ACCEL Partners. Aditya Sanghi, CEO, Hotelogix said, "Mumbai Angels is a dynamic set of investors who are enthusiastic about investing in high-potential start-ups. We are happy to have Accel as co-investors along with Mumbai Angels. Accel, being one of the leading early stage institutional investors and having mentored several start-ups will certainly benefit Hotelogix in achieving the scale to which they aspire."
Gautam Shewakramani, Member, Mumbai Angels said, "With Hotelogix, HMS Infotech has begun building a business that is poised for scale, one that directly addresses a crying need of management in the global hospitality sector. Their solution requires close to zero capex and results in a reduction of IT operational costs to a fraction of what current offerings provide."
Anil Joshi, VP, Mumbai Angel said, "Mumbai Angels is very impressed with the Hotelogix's offering to the Hospitality industry. Presently, PMS solutions equivalent to Hotelogix's offering are very costly and out of reach for many customers. The cloud-based Hotelogix solution allows many customers to access world class solutions without being hindered by price. No wonder Hotelogix has customers in over 25 countries.
