secures $15 million to add non-hotel rooms
02/22/2015|11:55:52 AM|Tnooz

Indian alternative-accommodation site will use its $15 million Series B funding to increase the number of bookable properties to 50,000 by the end of year.

Currently it has more 20,000 options and makes a big deal about its drive to capture alternative accommodations – homestays, guest houses, resorts, B&B’s, jungle lodges, boat houses, paying guests.

It argues that this market is several times bigger than the traditional hotels sector.

The Series B funding has been led by newcomer Nexus Venture Partners with support from existing investor Matrix Partners.

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