About RoomsTonite
RoomsTonite is a company based in Bengaluru (India) founded in 2014.. RoomsTonite has raised $1.5 million across 1 funding round from investors including Lashit Sanghvi, Nikhil Vora and Venkat Vardhan. RoomsTonite operates in a competitive market with competitors including NightStay, HotelsAroundYou, Sorted, Bid Tonit and CountDown, 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
*********
- Legal Name Roomstonite Ebookings Private Limited
- Date of Incorporation 22 Nov, 2013
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$482.76 K (USD)79482.05as on Mar 31, 2020
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Net Profit
$353.24 K (USD)3035.63as on Mar 31, 2020
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EBITDA
$-129.52 K (USD)-2009.89as on Mar 31, 2020
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Total Equity Funding
$1.5 M (USD)
in 1 rounds
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Latest Funding Round
$1.5 M (USD), Seed
Dec 02, 2015
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Investors
& 6 more
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Employee Count
Employee Count
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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 Total Funding
- Total Rounds 1
- Last Round Seed — $1.5M
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First Round
First Round
(02 Dec 2015)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2015 | Amount | Seed - RoomsTonite | Valuation |
investors |
| 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 RoomsTonite
RoomsTonite has secured backing from 7 investors, including angel investors. Prominent investors backing the company include Lashit Sanghvi, Nikhil Vora and Venkat Vardhan. 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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LS
Lashit Sanghvi |
Co-founder of ChatGenie, active angel investor in Indian startups
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Founded Year | Domain | Location |
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NV
Nikhil Vora |
Founder of Sixth Sense Ventures, leading consumer-focused VC, active angel investor
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Founded Year | Domain | Location |
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VV
Venkat Vardhan |
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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 RoomsTonite
| 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 - RoomsTonite
| 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 |
Roomstonite Comparisons
Competitors of RoomsTonite
RoomsTonite 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 NightStay, HotelsAroundYou, Sorted, Bid Tonit and CountDown, 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 |
Last-minute hotel bookings are enabled via an app-based platform.
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| domain | founded_year | HQ Location |
Operates a marketplace for same-day unsold hotel rooms.
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| domain | founded_year | HQ Location |
Cloud-based software for license renewal and permitting management is provided.
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| domain | founded_year | HQ Location |
Functions as an auction-based app for last-minute hotel room bookings.
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| domain | founded_year | HQ Location |
Provides a platform for last-minute hotel bookings to travelers.
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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 Roomstonite
Frequently Asked Questions about RoomsTonite
When was RoomsTonite founded?
RoomsTonite was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is RoomsTonite located?
RoomsTonite is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is RoomsTonite a funded company?
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 02, 2015.
What is the annual revenue of RoomsTonite?
Annual revenue of RoomsTonite is $482.76K as on Mar 31, 2020.
What does RoomsTonite do?
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.
Who are the top competitors of RoomsTonite?
RoomsTonite's top competitors include NightStay, HotelsAroundYou and Sorted.
Who are RoomsTonite's investors?
RoomsTonite has 7 investors. Key investors include Lashit Sanghvi, Nikhil Vora, Venkat Vardhan, Ralph Berezan, and Vissal Mathew.