Bookingjini Raises Funding in Pre-Series A Round Led by IPV

Bookingjini, a travel tech startup, has raised an undisclosed amount in a Pre-Series A funding round led by Inflection Point Ventures (IPV), a Gurugram-based angel investment firm.

Services Offered by Bookingjini:

• Bookingjini provides a range of services, including a smart booking engine, channel manager, guest relationship management, analytics, and mobile accessibility.
• The startup aims to empower hotels with technology that simplifies management and transforms the guest experience.

Founder’s Statement:

• Sibashish Mishra, Founder & CEO of Bookingjini, emphasizes the commitment to innovation, customization, and supporting clients in their growth.
• The company stands as a provider of seamless solutions, shaping how hotels connect with guests in the digital era.

Addressing Boutique Hotels’ Challenges:

• Madhukar Bhardwaj, Sr. Vice President at IPV, highlights the challenges faced by boutique hotels, particularly their reliance on intermediaries for bookings.
• Bookingjini’s technology solutions aim to reduce dependency on traditional intermediaries, cutting costs and streamlining operations for hotels.

Bookingjini’s Market Presence:

• Bookingjini has a significant presence in India, serving over 2100 paying customers.
• The startup has achieved milestones such as partnerships with 8 State Tourism Development Corporations and surpassing $1.2 million in Annual Recurring Revenue (ARR).
• The Indian market for this industry is projected to reach $57 billion by 2027.

Bookingjini’s focus on providing comprehensive technology solutions for hotels aligns with the evolving needs of the travel and hospitality sector. The funds raised in this round will likely contribute to further enhancing their platform and expanding their customer base, particularly as hotels seek technology-driven solutions to streamline operations and enhance the guest experience.