Accommodation booking platform Otelz raises $3.8 million for global growth
Since Booking.com has suspended some operations in Turkey, it offers opportunities for online travel market in this region. The Otelz investment will help hoteliers reduce losses.
Otelz.com, the Turkey-based accommodation player, has received fresh funding of $3.8 million.
The round was led by Sankonline with Howzat Partners and existing investors also participating in the round.
The OTA is also planning a mobile application as well as different language versions of its website and mobile platforms.
He also alludes to Booking.com suspending operations in Turkey and says the Otelz investment will help hoteliers “minimize any losses”.
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