About RezNext
RezNext is a company based in Bengaluru (India) founded in 2012 by Vissal Mathew and Suresh John.. RezNext has raised $9.9 million across 5 funding rounds from investors including Hansa Shah, NEA and Neha Sanghvi. The company has 24 employees as of April 05, 2024. RezNext operates in a competitive market with competitors including CloudBeds, Emerging Travel Group, Guesty, Shiji and StayNTouch, among others.
- Headquarter Bengaluru, India
- Employees 24 as on 05 Apr, 2024
- Founders Vissal Mathew, Suresh John
- Stage Minicorn
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Sectors
TechnologyTravel & Hospitality
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Reznext Global Solutions Private Limited
- Date of Incorporation 27 Jul, 2012
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$376.65 K (USD)-7.02as on Mar 31, 2019
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Net Profit
$-122.94 K (USD)65.57as on Mar 31, 2019
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EBITDA
$-200.87 K (USD)64.5as on Mar 31, 2019
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Total Equity Funding
$9.9 M (USD)
in 5 rounds
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Latest Funding Round
$339.72 K (USD), Series A
Nov 25, 2017
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Investors
NEA
& 28 more
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Employee Count
24
as on Apr 05, 2024
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Funding Insights of RezNext
RezNext has successfully raised a total of $9.9M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $339.72 thousand completed in November 2017. 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 5
- Last Round Series A — $339,724
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First Round
First Round
(28 Mar 2014)
- Investors Count 29
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2017 | Amount | Series A - RezNext | Valuation | Hansa Shah , New Enterprise Associates |
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| May, 2016 | Amount | Series A - RezNext | Valuation | New Enterprise Associates |
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| Dec, 2014 | Amount | Series A - RezNext | Valuation | New Enterprise Associates |
| 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 |
Investors in RezNext
RezNext has secured backing from 29 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Hansa Shah, NEA and Neha Sanghvi. 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 investments are offered to startups by NEA.
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Founded Year | Domain | Location | |
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Hospitality technology solutions are provided by IDS Next globally.
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Founded Year | Domain | Location | |
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HS
Hansa Shah |
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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 RezNext
| 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 - RezNext
| 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 |
Reznext Comparisons
Competitors of RezNext
RezNext 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 CloudBeds, Emerging Travel Group, Guesty, Shiji and StayNTouch, 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 |
Browser-based software solutions for hotels and other accomodations
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| domain | founded_year | HQ Location |
Multiple online travel platforms and OTAs are operated globally.
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| domain | founded_year | HQ Location |
Cloud-based software is provided for vacation rental management and synchronization.
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| domain | founded_year | HQ Location |
Cloud-based property management solutions for hospitality are provided.
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| domain | founded_year | HQ Location |
Property management software is delivered through a SaaS platform.
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| domain | founded_year | HQ Location |
Cloud-based hotel management system
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Latest news on Reznext
Frequently Asked Questions about RezNext
When was RezNext founded?
RezNext was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is RezNext located?
RezNext is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of RezNext?
Binu Mathews is the current CEO of RezNext.
Is RezNext a funded company?
RezNext is a funded company, having raised a total of $9.9M across 5 funding rounds to date. The company's 1st funding round was a Series A of $6.33M, raised on Mar 28, 2014.
How many employees does RezNext have?
As of Apr 05, 2024, the latest employee count at RezNext is 24.
What is the annual revenue of RezNext?
Annual revenue of RezNext is $376.65K as on Mar 31, 2019.
What does RezNext do?
RezNext was established in 2012 in Bengaluru, India, as a provider of real-time distribution management solutions for the hospitality sector. Tools and services are offered to assist hotels in handling distribution channels, revenue optimization, and marketing efforts. Operations focus on enhancing online visibility and occupancy through data-driven strategies, with key leadership including co-founders Vissal Mathew and Suresh John, and CEO Binu Mathews.
Who are the top competitors of RezNext?
RezNext's top competitors include Guesty, Emerging Travel Group and CloudBeds.
Who are RezNext's investors?
RezNext has 29 investors. Key investors include Hansa Shah, NEA, Neha Sanghvi, Balamurali Krishna, and Venkat Vardhan.
What is RezNext's valuation?
The valuation of RezNext is $11.95M as of Nov 2017.
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