About MagicRooms Solutions
MagicRooms Solutions is a Travel & Hospitality company based in Bengaluru (India) founded in 2009, and was acquired by Yatra in July 2011. Hotel inventory is managed and distributed online via unified channels. MagicRooms Solutions has raised $1.5 million across 1 funding round from investors including Yatra and Nexus Venture Partners. Its focus areas include Consumer, Online Travel, Technology Enablers and Reservation Management. Its legal entity in India is Magic Rooms Solutions (India) Private Limited (U72200KA2009PTC051448).
Company details
MagicRooms Solutions was founded in 2009 in Bengaluru, India, within the travel technology sector. An internet-enabled platform was developed to enable hotel owners to manage distribution channels efficiently. Inventory and rates were uploaded through a single interface, allowing access to various target customers across online platforms. Operations focused on streamlining hotel bookings and availability distribution. The company was shut down in 2013.
- Headquarters Bengaluru, India
- Stage Acquired
- SectorsTravel & Hospitality
- Website magicrooms.in
- Social LinkedIn
- Acquired by Yatra (Jul 2011)
- Legal Name Magic Rooms Solutions (India) Private Limited
- Date of Incorporation 11 Nov, 2009
- Jurisdiction Bangalore, Karnataka, India
Associated legal entities of MagicRooms Solutions
MagicRooms Solutions operates through Magic Rooms Solutions (India) Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Magic Rooms Solutions (India) Private Limited CIN U72200KA2009PTC051448 | Strike Off | 11 Nov 2009 | Bangalore, Karnataka | 2 | View details |
Funding Insights of MagicRooms Solutions
MagicRooms Solutions has successfully raised a total of $1.5M through 1 strategic funding round. The most recent funding activity was a Series A round of $1.5 million completed in July 2010. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.5M
- Total Rounds 1
- Last Round Series A — $1.5M
- First Round $1.5M
(Jul 2010)
- Investors Count 1
All 1 funding rounds of MagicRooms Solutions with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2010 | $1.5M | Series A | – | – |
2 investors in total: 2 institutional.
Investors in MagicRooms Solutions
MagicRooms Solutions has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Yatra and Nexus Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm that partners with entrepreneurs for product-first companies. | 2006 | nexusvp.com | Menlo Park, United States | |
Yatra is recognized as a leading online travel services provider in India. | 2006 | yatra.com | Gurugram, India |
Investor details for MagicRooms Solutions
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Magic Rooms Solutions (India) Private Limited (MagicRooms Solutions)
Magic Rooms Solutions (India) Private Limited is the primary company behind MagicRooms Solutions. The board of Magic Rooms Solutions (India) Private Limited currently have 2 directors; the longest-serving is Niranjan Rajaram Gupta, appointed in 2009. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Niranjan Rajaram Gupta DIN 00187867 | Managing Director | 11 Nov 2009 | 16 yrs 11 mo | Magic Rooms Solutions (India) Private Limited |
| Sheilaa Guptaa DIN 01680687 | Director | 11 Nov 2009 | 16 yrs 11 mo | Magic Rooms Solutions (India) Private Limited |
Timeline of MagicRooms Solutions
3 dated milestones of MagicRooms Solutions across 2 years, from founding to its latest funding, stage changes and deals.
- Founded MagicRooms Solutions is founded.
- Funding First funding round of $1.5M.
- Exit Acquired by Yatra.
Top companies in Online Travel
3 companies that operate in the same segment as MagicRooms Solutions (Online Travel) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online bookings for flights, hotels, and travel packages are facilitated. | 2000 | Gurugram, Haryana, India | USD 39 M | USD 1.04 B | 399 | |
Online platform providing multiple travel booking services | 2007 | Gurugram, Haryana, India | USD 96.62 M | USD 130.88 M | 505 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 425 |
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Frequently Asked Questions about MagicRooms Solutions
MagicRooms Solutions was founded in 2009 and raised its 1st funding round 1 year after it was founded.
MagicRooms Solutions is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
MagicRooms Solutions is a funded company, having raised a total of $1.5M across 1 funding round to date. The company's 1st funding round was a Series A of $1.5M, raised on Jul 2010.
MagicRooms Solutions was founded in 2009 in Bengaluru, India, within the travel technology sector. An internet-enabled platform was developed to enable hotel owners to manage distribution channels efficiently. Inventory and rates were uploaded through a single interface, allowing access to various target customers across online platforms. Operations focused on streamlining hotel bookings and availability distribution. The company was shut down in 2013.
MagicRooms Solutions has 2 investors. Key investors include Yatra, and Nexus Venture Partners.
MagicRooms Solutions operates through Magic Rooms Solutions (India) Private Limited.
Yes. MagicRooms Solutions was acquired by Yatra in July 2011.
The legal entities of MagicRooms Solutions currently have 2 directors, including Niranjan Rajaram Gupta, Sheilaa Guptaa.