RezNext raises $5 million as hotel distribution battle heats up
India-based accommodation distribution provider RezNext has secured a $5 million funding round from New Enterprises Associates.
The company, which was created in 2012, says the capital will be used to target new customers in Asia, Africa and the Middle East.
Based in Bangalore, RezNext claims its real-time system “levels the playing field for lower and mid-scale hotels”.
The company is fronted by former chairman and CEO of Pegasus Solutions, Mike Kistner.