About Sarovar Hotels
Sarovar Hotels is a company based in Mumbai (India) founded in 1994 by Ajay Bakaya and Anil Madhok was acquired by Louvre Hotels in January 2017.. Sarovar Hotels has raised $13.28 million across 2 funding rounds from investors including Bessemer Venture Partners, Louvre Hotels and New Vernon Wealth Management. The company has 1,928 employees as of September 10, 2025. Sarovar Hotels offers products and services including Hotel Accommodation, Room Booking, and Event Management.
- Headquarter Mumbai, India
- Employees 1928 as on 10 Sep, 2025
- Founders Ajay Bakaya, Anil Madhok
- Stage Minicorn
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Sectors
Travel & Hospitality
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Sarovar Hotels Private Limited
- Date of Incorporation 10 Sep, 1993
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$17.17 M (USD)7.16as on Dec 31, 2022
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Net Profit
$2.71 M (USD)7.89as on Dec 31, 2022
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EBITDA
$3.81 M (USD)3.94as on Dec 31, 2022
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Total Equity Funding
$13.28 M (USD)
in 2 rounds
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Latest Funding Round
$5.09 M (USD), Private Equity Round
Dec 05, 2006
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Investors
Bessemer Venture Partners
& 2 more
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Employee Count
1928
as on Sep 10, 2025
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Acquired by
Louvre Hotels
(Jan 12, 2017)
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Products & Services of Sarovar Hotels
Sarovar Hotels offers a comprehensive portfolio of products and services, including Hotel Accommodation, Room Booking, and Event Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides lodging and booking services in multiple locations
Facilitates online and direct hotel reservations for travelers
Offers facilities for events and conferences at hotels
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Funding Insights of Sarovar Hotels
Sarovar Hotels has successfully raised a total of $13.28M across 2 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $5.09 million completed in December 2006. 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 2
- Last Round Private Equity Round — $5.1M
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First Round
First Round
(01 Dec 2005)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2006 | Amount | Private Equity Round - Sarovar Hotels | Valuation | Bessemer Venture Partners , New Vernon Wealth Management |
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| Dec, 2005 | Amount | Private Equity Round - Sarovar Hotels | 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 Sarovar Hotels
Sarovar Hotels has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Bessemer Venture Partners, Louvre Hotels and New Vernon Wealth Management. 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 and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Provides personalized wealth management and investment strategies for individuals and institutions.
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Founded Year | Domain | Location | |
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Operator of a network of hotels worldwide
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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 Sarovar Hotels
| 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 - Sarovar Hotels
| 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 |
Sarovar Hotels Comparisons
Competitors of Sarovar Hotels
| 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 Sarovar Hotels
Frequently Asked Questions about Sarovar Hotels
When was Sarovar Hotels founded?
Sarovar Hotels was founded in 1994 and raised its 1st funding round 11 years after it was founded.
Where is Sarovar Hotels located?
Sarovar Hotels is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Sarovar Hotels a funded company?
Sarovar Hotels is a funded company, having raised a total of $13.28M across 2 funding rounds to date. The company's 1st funding round was a Private Equity Round of $8.19M, raised on Dec 01, 2005.
How many employees does Sarovar Hotels have?
As of Sep 10, 2025, the latest employee count at Sarovar Hotels is 1,928.
What is the annual revenue of Sarovar Hotels?
Annual revenue of Sarovar Hotels is $17.17M as on Dec 31, 2022.
What does Sarovar Hotels do?
Sarovar Hotels was established in 1994 in Mumbai, India, within the hospitality sector. Operations include hotels and resorts under brands like Hometel, Sarovar Portico for mid-tier services, and Sarovar Premiere for luxury accommodations. Restaurant chains such as The Oriental Blossom and Geoffreys The Pub are managed in urban areas. Services encompass standardized lodging, event spaces, wedding venues, and diverse dining. Expansion has reached select African locations.
What products or services does Sarovar Hotels offer?
Sarovar Hotels offers Hotel Accommodation, Room Booking, and Event Management.
Who are Sarovar Hotels's investors?
Sarovar Hotels has 3 investors. Key investors include Bessemer Venture Partners, Louvre Hotels, and New Vernon Wealth Management.
What is Sarovar Hotels's valuation?
The valuation of Sarovar Hotels is $24.88M as of Dec 2006.