Mumbai Angels Network invests $1.2M in BookingJini
Startup investment platform Mumbai Angels Network recently invested $1.2 million in hospitality SaaS platform BookingJini. The latter raised a total of $3.3 million in its pre-Series A funding round.
The company plans to use the capital raised for improving product offerings and global expansion.
“India’s startup ecosystem has grown tremendously in recent years and witnessing a startup from a Tier-II city in the SaaS segment having such a growth trajectory as Bookingjini is nothing short of remarkable. BookingJini has truly established its presence in nearly every state in the country and has also expanded beyond India’s borders.” stated Mumbai Angels Network co-founder and CEO Nandini Mansinghka.
The Bhubaneswar-based startup was founded in 2017. The startup received a Rs. 20 lakh grant from Startup Odisha.
“Despite the initial pandemic-induced disruptions, hotels have begun to revive business as people gradually begin to resume traveling. At BookingJini, our vision is to create best-in-class experiences for travelers and to become the preferred partners for hoteliers by enabling them to transform and grow their business and to make travel better, faster, and cheaper,” said BookingJini founder Sibasish Mishra.
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