About MagicRooms Solutions
MagicRooms Solutions is a company based in Bengaluru (India) founded in 2009 was acquired by Yatra in July 2011. MagicRooms Solutions has raised $1.5 million across 1 funding round from investors including Yatra and Nexus Venture Partners. MagicRooms Solutions operates in a competitive market with competitors including SiteMinder, ONDA, HotelRunner, Seekda and ForNova, among others.
- Headquarter Bengaluru, India
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Sectors
Travel & Hospitality
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- Legal Name Magic Rooms Solutions (India) Private Limited
- Date of Incorporation 11 Nov, 2009
- Jurisdiction Bangalore, Karnataka, India
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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.
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.
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Venture capital firm that partners with entrepreneurs for product-first companies.
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Yatra is recognized as a leading online travel services provider in India.
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Investor details for MagicRooms Solutions
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Investments & Acquisitions by MagicRooms Solutions
Investment portfolio details for MagicRooms Solutions
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Financial Statements - MagicRooms Solutions
Detailed financials for MagicRooms Solutions
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Magicrooms Solutions Comparisons
Peer comparison for MagicRooms Solutions
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Competitors of MagicRooms Solutions
MagicRooms Solutions operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as SiteMinder, ONDA, HotelRunner, Seekda and ForNova, among others.
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Cloud-driven reservation software is provided for hotel management.
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Reservation management app is offered for guesthouses and hotels.
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Cloud-based channel manager platform for hotels is provided.
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Cloud-based channel management is delivered for hospitality operations.
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Market intelligence and visibility solutions for hotels are delivered.
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Software for managing hotel rates, bookings, and distribution across channels.
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Detailed competitors of MagicRooms Solutions
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Latest news on Magicrooms Solutions
Complete news archive for MagicRooms Solutions
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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.
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's top competitors include SiteMinder, HotelRunner and ONDA.
MagicRooms Solutions has 2 investors. Key investors include Yatra, and Nexus Venture Partners.