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.