Djubo nets funding from Ibibo, the rising Indian travco
Launched in February, Djubo, which sells a hotel central reservations system (CRS), has sold a minority equity stake to ibibo, the online travel company that owns Goibibo.com, redBus.in, and Yourbus.
Djubo has 100 independent hotels using its services today. It says this funding will give it the leverage to reach 2,000 hotels within a year.
Djubo offers a mobile-app-based booking platform, with responsive-design templates and a booking engine and payment gateway. It also gives hotels a cloud-based online channel management tool that synchs up with multiple online travel agencies (OTAs), such as Booking.com and HRS.
The company was co-founded by Tarun Gulati, with a private equity background, and Sankalp Goel, who has an IT and development background. The goal is to provide an “end-to-end solution for hotel sales management.
Ashish Kashyap, CEO of Ibibo Group, will join Djubo as a board member.
Ibibo’s move suggests that it will expand beyond its focus on bus ticketing startups to hotels. It describes itself as India’s largest online travel company and which is a subsidiary of an South African media group Naspers.
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