Some Nigerian investors have taken a stake in HotelOnline, a Pan-Africa focused traveltech company, based in Oslo but started by to Norwegians based in Africa. More…
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.”
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.
HotelOnline, with an aim to strengthen its position in current core markets, delivering outstanding quality to their hotel partners and creating more exceptional performance cases has raised $ 320,000 in the recent round of funding.
While most participants were current shareholders increasing their investments, two notable new investors, Shravan Shroff and Trond Riiber Knudsen, joined in. Shravan is the first investor in OYO Rooms, and the Co-founder of India’s first angel investor-backed start-up accelerator, Venture Nursery. Whereas, Knudsen is a former McKinsey top and Norway’s most active start-up investor.
Shravan Shroff, known as the first investor in OYO Rooms, and the co-founder of India’s first angel investor-backed startup accelerator, Venture Nursery, has been inducted into Board of Directors of HotelOnline.
HotelOnline, a travel technology firm with extensive presence across Africa has raised US$320,000 mainly from the existing shareholders.
Several of the existing major investors are from Norway and Nigeria who have significantly increased their shareholding while Trond Riiber Knudsen, Norway’s most active startup investor has also invested in the company.
Sharavan Shroff who is known as the first investor in traveltech unicorn OYO Rooms, and the co-founder of India’s first angel investor-backed startup accelerator, Venture Nursery was among the new shareholders. Shravan Shroff will join the board of directors.
When Håvar Bauck landed in Kenya in 2002, the country was in chaos. The government of outgoing president Daniel Moi was preparing to exit the scene after 24 years in power. It was not clear who would become the next leader and despite great optimism of the future of the country, fear of instability was still evident.
“Kenya was experiencing a great moment of change. When Mwai Kibaki won the election, the country exploded in optimism. I was excited to see Kenya starting to realize its potential. The spirit of ‘yote yawezekana’ was contagious,” notes Bauck who was on a student exchange program through the Norwegian Peace Corps.
For Bauck, there began his great love for Kenya and an exciting journey for sixteen years that has pushed him to developing one of the biggest start-ups ever developed in Kenya that is making great ripples across Africa.
HotelOnline, an online hotel booking software suite firm that helps hotels get online bookings through its super simple, cloud-based dashboard to manage bookings, rates and availability from one place has signed up over 1,500 hotels and accommodation providers across 17 markets in Africa, Europe and South Asia.
Connected to the major online booking channels, Hotel Online bookings come straight into the dashboard, and any changes are immediately reflected in all the online channels. Hotel Online is a Property Management System (PMS) with an integrated Channel Manager.
“Most local hotels in Africa find the whole process of marketing themselves online, challenging. So we offer that as an auxiliary service: We take high-quality pictures, and we build high-quality profiles on Expedia, CTrip, HRS, Hotelbeds, etc, as well as web sites with integrated booking engines,” said HotelOnline’s Executive Chairman Håvar Bauck. “The whole idea is that most hotels that are not already online, need a bit of help to get started, and that’s what we offer them. Along with the tools to get the most out of it once they get there.”
Senegalese startup Teranga Solutions, a mobile and cloud-based platform for hospitality firms, has been acquired by European hotel booking company HotelOnline to create a travel-tech industry leader in global frontier markets.
Formed in 2017 via a merger, HotelOnline has operations in Norway, Poland, Senegal, Kenya and Nigeria, with commercial presence in Uganda, Rwanda, Ethiopia, Ghana and Pakistan.
Teranga was founded by brothers Moustapha Ndoye and his brother Alioune Ndoye, and featured at DEMO Africa in 2013. Early this year the startup was contracted by Destination Senegal, the country’s national tourism agency, to roll out its systems in more than 800 hotels across the country.
African and European traveltech startups merge to become frontier markets leader
Senegalese Teranga Solutions has merged with HotelOnline to create a traveltech industry leader in the global frontier markets. The companies individually had systems and business models that were complimentary and together they now have a cloud-based ecosystem platform for independent hotels – the first of its kind, making HotelOnline a global leader in frontier markets.
Moustapha Ndoye and his brother Alioune Ndoye returned to their native Dakar, Senegal right after college in the US to launch Teranga Solutions. They quickly became a market leader, recognized in 2013 by Demo Africa as one of the most innovative startups on the continent. In early 2018 Destination Senegal the national tourism agency of Senegal contracted them to rollout their system in 800 plus hotels in Senegal – a model they are replicating across the continent.
Senegalese Teranga Solutions has merged with HotelOnline to create a new traveltech firm focused in the global frontier markets. The companies individually had systems and business models that were complimentary and together they now have a cloud-based ecosystem platform for independent hotels, thereby making HotelOnline a leader in frontier markets.
Moustapha Ndoye and his brother Alioune Ndoye returned to their native Dakar, Senegal right after college in the US to launch Teranga Solutions. They quickly became a market leader, recognized in 2013 by Demo Africa as one of the most innovative startups on the continent. In early 2018, Destination Senegal, the national tourism agency of Senegal contracted them to rollout their system in 800-plus hotels in Senegal, a model they are replicating across the continent.