• Advertise
  • Jobs
  • Freelance Gigs
  • Motoring
  • Money
Tuesday, May 24, 2022
  • Login
  • Startups
    • About US
  • Reviews
  • Business
  • Motoring
  • Blockchain
    • Crypto News
  • Insider
    • Obituaries
  • Women
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
  • Columnists
No Result
View All Result
  • Startups
    • About US
  • Reviews
  • Business
  • Motoring
  • Blockchain
    • Crypto News
  • Insider
    • Obituaries
  • Women
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
  • Columnists
No Result
View All Result
TechMoran
No Result
View All Result
Home Startups

HotelOnline Raises $320,000 from TRK Group, OYO Rooms early investor Shravan Shroff among others

Nairobi-based travel tech platform HotelOnline, has raised $320,000 from its existing investors and new investors such as Norway’s Trond Riiber Knudsen Group and Shravan Shroff , an early backer of India’s OYO Rooms, and the co-founder of India’s Venture Nursery, a startup accelerator. Shroff has joined the firm’s board of directors. 

Havar Bauck, co-founder and Chairman of HotelOnline acknowledged that Shravan brings oversight and guidance to its board making it, even more, stronger as HotelOnline transitions into a profitable scale-up from a startup.

“We will use the investment to bolster our existing products and strengthen our focus on delivering outstanding quality to our hotel partners. We will focus on doing what we do best: Creating outstanding value for our hotel partners, and for our shareholders.”

Founded in 2014 by Endre Opdal and Håvar Bauck, the firm rebranded from Savanna Sunrise to HotelOnline after it merged with Polish traveltech startup Hotel Online.

The platform now provides a proprietary cloud-based property management system enabling online bookings for hotels away from its earlier life as an e-commerce and digital marketing outfit in the East African hotel industry.

To expand across Francophone Africa, HotelOnline acquired Senegalese Teranga Solutions to bolster its technology offerings. The two merged to create a traveltech industry leader in the global frontier markets. The companies individually had systems and business models that were complimentary and together they now have a cloud-based ecosystem platform for independent hotels – the first of its kind, making HotelOnline a global leader in frontier markets.

The firm had earlier planned to work with Nigeria’s HotelOga but it later found its structure confusing and abandoned the whole acquisition deal. Bauck said that HotelOga was bound to fail terribly because of that poor structure.

Bauck was also recently behind the acquisition of heartbeat Adventures by local startup Cloud9xp.

Readers 6,921

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Sam Wakoba

Sam Wakoba

Taking you on tour through Africa's tech ecosystem, one startup at a time! editor@techmoran.com.

Related Posts

Egypt’s Sylndr secures $12.6m pre-Seed round to expand its used car marketplace.
Startups

Egypt’s Sylndr secures $12.6m pre-Seed round to expand its used car marketplace.

by Weddy Thuranira
May 23, 2022
0

Sylndr, Egypt's online used-car retailer, has secured $12.6 million in a pre-seed round led by RAED Ventures and including Algebra...

Moroccan healthtech startup Blink Pharma secures first funding round for expansion.
Startups

Moroccan healthtech startup Blink Pharma secures first funding round for expansion.

by Weddy Thuranira
May 24, 2022
0

Blink Pharma, the leading platform for managing transactions between healthcare professionals, has closed its first round of funding with the...

Jumia launches  Sustainability Report  with plans to set up a Tech Hub in Nairobi.
Startups

Jumia launches Sustainability Report with plans to set up a Tech Hub in Nairobi.

by Weddy Thuranira
May 20, 2022
0

Jumia has announced plans to launch a technology hub in Nairobi, which will employ more than 100 people. This is...

350 disabled youth to benefit from Uganda’s KiBO IT Programme

 Innovate Now accelerator announces its fifth cohort of Assistive Technology innovators

May 19, 2022
Kenyan aquaculture tech startup Victory Farms raises $5M funding for expansion.

Kenyan aquaculture tech startup Victory Farms raises $5M funding for expansion.

May 20, 2022
SA agri-tech startup Nile secures $5.1m equity funding round  for expansion.

SA agri-tech startup Nile secures $5.1m equity funding round for expansion.

May 20, 2022
Please login to join discussion
  • Advertise
  • Jobs
  • Freelance Gigs
  • Motoring
  • Money

© 2022 TechMoran Ltd, All Rights Reserved.

No Result
View All Result
  • Startups
    • About US
  • Reviews
  • Business
  • Motoring
  • Blockchain
    • Crypto News
  • Insider
    • Obituaries
  • Women
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
  • Columnists

© 2022 TechMoran Ltd, All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version
%d bloggers like this: