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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Phone
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Website
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Social
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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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $1.5M
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First Round
First Round
(07 Jul 2010)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2010 | Amount | Series A - MagicRooms Solutions | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm that partners with entrepreneurs for product-first companies.
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Founded Year | Domain | Location | |
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Yatra is recognized as a leading online travel services provider in India.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by MagicRooms Solutions
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - MagicRooms Solutions
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Magicrooms Solutions Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-driven reservation software is provided for hotel management.
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| domain | founded_year | HQ Location |
Reservation management app is offered for guesthouses and hotels.
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| domain | founded_year | HQ Location |
Cloud-based channel manager platform for hotels is provided.
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| domain | founded_year | HQ Location |
Cloud-based channel management is delivered for hospitality operations.
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| domain | founded_year | HQ Location |
Market intelligence and visibility solutions for hotels are delivered.
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| domain | founded_year | HQ Location |
Software for managing hotel rates, bookings, and distribution across channels.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about MagicRooms Solutions
When was MagicRooms Solutions founded?
MagicRooms Solutions was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Where is MagicRooms Solutions located?
MagicRooms Solutions is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is MagicRooms Solutions a funded company?
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 07, 2010.
What does MagicRooms Solutions do?
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.
Who are the top competitors of MagicRooms Solutions?
MagicRooms Solutions's top competitors include SiteMinder, HotelRunner and ONDA.
Who are MagicRooms Solutions's investors?
MagicRooms Solutions has 2 investors. Key investors include Yatra, and Nexus Venture Partners.