MagicRooms raises Rs 7 Cr in Series A funding from Nexus Venture Partners

MagicRooms (www.magicrooms.in), India’s first Hotel GDS (Global Distribution System), based out of Bangalore, announced that it has received a Rs 7 crore investment from Nexus Venture Partners, India’s leading Venture Capital firm.

The MagicRooms internet platform integrates all existing hotel property management systems (PMS) that brings together all available room inventories across all hotels in India onto a single window. In a significant development, India’s leading online travel site, makemytrip.com has signed up to become a MagicRooms customer.

Speaking about the funding, Mr Niranjan Gupta, Founder & CEO, MagicRooms Solutions, said, “MagicRooms will change the way hotel rooms are booked online. The funding will help MagicRooms build infrastructure and increase our marketing efforts. We are thrilled to work with the team at Nexus Venture Partners who have deep experience in building internet companies”.

Suvir Sujan of Nexus Venture Partners who will join the MagicRooms Solutions board, said, “Niranjan is a strong entrepreneur with his pulse on the travel industry. MagicRooms has the potential to redefine hotel bookings in India”.

About MagicRooms

MagicRooms is conceived and developed by a group of leading players in the travel and IT industry. The team is headed by Niranjan Gupta, the owner of one of Bangalore’s leading travel mart chains, and the founder of flightraja.com (now via.com), India’s leading B2B airline booking website. Niranjan is supported by a dedicated group of professionals with over 100 man years of experience in companies such IBM, SAP, Infosys and Wipro.
The MagicRooms platform is a stunning achievement that will forever change the way hotel rooms are booked online. For the first time hotels can distribute their inventory across the world in real time. Travel agents, travel portals, and corporate can now log into MagicRooms and make instant reservations with instant confirmations in hotels across India.
MagicRooms is a fully integrated system that radically changes the approach to hotel promotion and communication – with just a single interface to manage a whole range of distribution channels. MagicRooms increases productivity and reduce costs.

For more information, please visit www.magicrooms.in

Leave a Reply

Your email address will not be published. Required fields are marked *