Day: July 11, 2019

HotelOnline in the Media
HotelOnline Raises $320,000 from TRK Group, OYO Rooms early investor Shravan Shroff among others

Nairobi-based travel tech platform HotelOnline, has raised $320,000 from its existing investors and new investors such as Norway’s Trond Riiber Knudsen Group and Shravan Shroff, an early backer of India’s OYO Rooms, and the co-founder of India’s Venture Nursery, a startup accelerator. Shroff has joined the firm’s board of directors.

Havar Bauck, co-founder and Chairman of HotelOnline acknowledged that Shravan brings oversight and guidance to its board making it, even more, stronger as HotelOnline transitions into a profitable scale-up from a startup.

“We will use the investment to bolster our existing products and strengthen our focus on delivering outstanding quality to our hotel partners. We will focus on doing what we do best: Creating outstanding value for our hotel partners, and for our shareholders.”

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HotelOnline in the Media
Norwegian Håvar Bauck’s Kenyan startup HotelOnline announces it’s raised $320k [Updated]

Håvar Bauck, the Norwegian entrepreneur who hit the news earlier this year over his dealings with controversial Polish tech entrepreneur Marek Zmyslowski announced yesterday that his Kenyan travel tech startup HotelOnline had raised $320 000.

The company provides solutions for e-commerce and digital marketing to more than 1500 hotels in 18 markets across Africa and South Asia.

The new investment was raised from existing shareholders (according to Bauck these include 68 shareholders mainly from Norway, Nigeria, Senegal, Kenya and Poland) and two new investors — Shravan Shroff, the co-founder of India’s first angel investor-backed start-up accelerator, Venture Nursery and Norwegian investor Trond Riiber Knudsen. Shroff has joined HotelOnline’s board.

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