About RoomsTonite
RoomsTonite is a Travel & Hospitality company based in Bengaluru (India) founded in 2014. Last-minute hotel bookings are enabled via a mobile app. RoomsTonite has raised $1.5 million across 1 funding round from investors including Lashit Sanghvi, Nikhil Vora and Venkat Vardhan. Its Indian entity Roomstonite Ebookings Private Limited reported revenue of ₹3.53 Cr. Its focus areas include Consumer, Online Travel, Accommodation and Hotel. Its competitors include NightStay, HotelsAroundYou and Bid Tonit; 1 of its 3 listed competitors has raised funding.
Company details
RoomsTonite is a hotel booking mobile app that provides consumers good hotel rooms at competitive prices at the last moment. On-boards hotels by checking the hotels online reputation score, rating and reviews etc. The company has built a dynamic pricing engine which depending on parameters such as hotel occupancy percentage and time to check-in etc, optimizes the price and ensures that it is still extremely competitive. Claims to have a real-time integration with a hotels booking system which it says ensures that their users are guaranteed a room booking on the same day or for the next day. Takes 15 - 18 commission on the rooms that are booked through the platform. Offers hotels under three categories- luxury, premium and comfort. Has 4000 properties across 325 cities registered with it across India (December 2015). Plans to tap global markets starting with Dubai in September 2015. Partnered with vacation rental specialist Tripvillas to offer homestays and holiday home bookings to expand operations in global markets such as Singapore, Bali, Thailand, Srilanka. Has raised seed funding of 1.5M from angel investors such as Lashit Sanghvi, co-founder of Alchemy Capital; Nikhil Vora, founder of Sixth Sense Ventures; Venkat Vardhan, promoter of DNA Networks; Mohammed Bin Abdul Rehman Al Khalifa, chairman of Caravan Group; Ralph Berezan of Berezan Group of Canada; and Vissal Mathew and Balamurali Krishna of IDS Software. Shutdown its operations in March 2017 due to lack of funding.
- Headquarters Bengaluru, India
- SectorsTravel & Hospitality
- Phone•••• ••••
- Website roomstonite.com
- Social LinkedIn X Facebook
- Legal Name Roomstonite Ebookings Private Limited
- Date of Incorporation 22 Nov, 2013
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹3.53 Cr
FY 2020 · +79482% YoY
- Net Profit₹2.58 Cr
FY 2020 · 73% margin
- EBITDA-₹94.6 Lakh
FY 2020 · -27% margin
- Total Equity Funding$1.5M (USD)
in 1 rounds
- Latest Funding Round$1.5M (USD), Seed
Dec 2015
Associated legal entities of RoomsTonite
RoomsTonite operates through Roomstonite Ebookings Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Roomstonite Ebookings Private Limited CIN U72200KA2013PTC072027 | Strike Off | 22 Nov 2013 | Bangalore, Karnataka | ₹3.5 Cr | 25 | 3 | View details |
Funding Insights of RoomsTonite
RoomsTonite has successfully raised a total of $1.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.5 million completed in December 2015. 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 Seed — $1.5M
- First Round $1.5M
(Dec 2015)
- Investors Count 7
All 1 funding rounds of RoomsTonite 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 |
|---|---|---|---|---|---|
| Dec 2015 | $1.5M | Seed | – | – |
7 investors in total: 0 institutional and 7 angel.
Investors in RoomsTonite
RoomsTonite has secured backing from 7 investors, including angel investors. Prominent investors backing the company include Lashit Sanghvi, Nikhil Vora and Venkat Vardhan.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
LS Lashit Sanghvi | Co-founder of ChatGenie, active angel investor in Indian startups | unknown_fce7bfdb290e4731b | ||
NV Nikhil Vora | Founder of Sixth Sense Ventures, leading consumer-focused VC, active angel investor | unknown_ae4cd4a72e6f40c5a | ||
VV Venkat Vardhan | unknown_31c4f442bd66455ba | |||
RB Ralph Berezan | unknown_774cc8f049d34f2b8 | |||
VM Vissal Mathew | unknown_747ecdb183c44de6b | |||
BK Balamurali Krishna | unknown_9e7af2189fc441bd9 | |||
MB Mohammed Bin Abdul Rehman Al Khalifa | unknown_86f64eae7256486fb |
Investor details for RoomsTonite
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Board of directors of Roomstonite Ebookings Private Limited (RoomsTonite)
Roomstonite Ebookings Private Limited is the primary company behind RoomsTonite. The board of Roomstonite Ebookings Private Limited currently have 3 directors; the longest-serving is Vissal Mathew, appointed in 2013. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vissal Mathew DIN 00084520 | Director | 22 Nov 2013 | 12 yrs 11 mo | Roomstonite Ebookings Private Limited |
| Suresh John DIN 00084555 | Director | 22 Nov 2013 | 12 yrs 11 mo | Roomstonite Ebookings Private Limited |
| Anumolu Balamurali Krishna DIN 00095932 | Director | 16 Jun 2014 | 12 yrs 4 mo | Roomstonite Ebookings Private Limited |
Financials of RoomsTonite
Figures of Roomstonite Ebookings Private Limited, the primary company behind RoomsTonite, for FY 2020. Revenue was ₹3.53 Cr (+79482% year on year). Net profit was ₹2.58 Cr (73% margin). EBITDA was -₹94.6 Lakh (-27% margin). Revenue has grown at a compounded annual rate of +67% over three years and +186% over five years.
- ₹3.53 CrRevenue · FY 2020 · +79482% YoY
- ₹2.58 CrNet profit · 73% margin
- -₹94.6 LakhEBITDA · -27% margin
- ₹1.7 LakhPaid-up capital
- 25Employees (provident fund records)
- +67%Revenue CAGR, 3 years
- +186%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Roomstonite Ebookings Private Limited are on its company page.
Detailed financial statements for RoomsTonite
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Verified entity values are shown only after access is granted.
Timeline of RoomsTonite
2 dated milestones of RoomsTonite across 1 years, from founding to its latest funding, stage changes and deals.
- Founded RoomsTonite is founded.
- Funding First funding round of $1.5M.
Competitors of RoomsTonite
RoomsTonite has 3 listed competitors in our database, 1 of them funded. They include NightStay, HotelsAroundYou and Bid Tonit.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| nightstay.in | 2014 | Noida, India | $848,918 | Last-minute hotel bookings are enabled via an app-based platform. | ||
| hotelsaroundyou.com | 2013 | Mumbai, India | Operates a marketplace for same-day unsold hotel rooms. | |||
| bidtonite.com | 2015 | Hyderabad, India | Functions as an auction-based app for last-minute hotel room bookings. |
Detailed competitors of RoomsTonite
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Top companies in Online Travel
3 companies that operate in the same segment as RoomsTonite (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 | 465 | |
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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Related news about Roomstonite
Complete news archive for RoomsTonite
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Frequently Asked Questions about RoomsTonite
RoomsTonite was founded in 2014 and raised its 1st funding round 1 year after it was founded.
RoomsTonite is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
RoomsTonite 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 Seed of $1.5M, raised on Dec 2015.
The primary company behind RoomsTonite, Roomstonite Ebookings Private Limited, reported revenue of ₹3.53 Cr for FY 2020, up 79482% year on year.
RoomsTonite is a hotel booking mobile app that provides consumers good hotel rooms at competitive prices at the last moment. On-boards hotels by checking the hotels online reputation score, rating and reviews etc. The company has built a dynamic pricing engine which depending on parameters such as hotel occupancy percentage and time to check-in etc, optimizes the price and ensures that it is still extremely competitive. Claims to have a real-time integration with a hotels booking system which it says ensures that their users are guaranteed a room booking on the same day or for the next day. Takes 15 - 18 commission on the rooms that are booked through the platform. Offers hotels under three categories- luxury, premium and comfort. Has 4000 properties across 325 cities registered with it across India (December 2015). Plans to tap global markets starting with Dubai in September 2015. Partnered with vacation rental specialist Tripvillas to offer homestays and holiday home bookings to expand operations in global markets such as Singapore, Bali, Thailand, Srilanka. Has raised seed funding of 1.5M from angel investors such as Lashit Sanghvi, co-founder of Alchemy Capital; Nikhil Vora, founder of Sixth Sense Ventures; Venkat Vardhan, promoter of DNA Networks; Mohammed Bin Abdul Rehman Al Khalifa, chairman of Caravan Group; Ralph Berezan of Berezan Group of Canada; and Vissal Mathew and Balamurali Krishna of IDS Software. Shutdown its operations in March 2017 due to lack of funding.
RoomsTonite's top competitors include NightStay, HotelsAroundYou and Bid Tonit.
RoomsTonite has 7 investors. Key investors include Lashit Sanghvi, Nikhil Vora, Venkat Vardhan, Ralph Berezan, and Vissal Mathew.
RoomsTonite operates through Roomstonite Ebookings Private Limited.
The legal entities of RoomsTonite currently have 3 directors, including Anumolu Balamurali Krishna, Vissal Mathew, Suresh John.