About Simplotel
Simplotel is a company based in Bengaluru (India) founded in 2013 by Meenal Goyal, Tarun Goyal, and Savan Bellur. Simplotel has raised $2.11 million across 3 funding rounds from investors including MakeMyTrip and Vinay Goyal. The company has 88 employees as of April 10, 2024. Simplotel offers products and services including Hotel Website Builder and Booking Engine, Central Reservation Office, Email Marketing, and Digital Marketing. Simplotel operates in a competitive market with competitors including CloudBeds, Hotel Engine, HyperGuest, bookingkit and Eviivo, among others.
- Headquarter Bengaluru, India
- Employees 88 as on 10 Apr, 2024
- Founders Meenal Goyal, Tarun Goyal, Savan Bellur
- 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
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- Legal Name Simplotel Technologies Private Limited
- Date of Incorporation 03 Jan, 2014
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$823.15 K (USD)99.98as on Mar 31, 2022
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Net Profit
$21.39 K (USD)160.84as on Mar 31, 2022
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EBITDA
$80.11 K (USD)22.98as on Mar 31, 2022
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Total Equity Funding
$2.11 M (USD)
in 3 rounds
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Latest Funding Round
$588.09 K (USD), Seed
Dec 21, 2016
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Investors
MakeMyTrip
& 1 more
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Employee Count
88
as on Apr 10, 2024
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Products & Services of Simplotel
Simplotel offers a comprehensive portfolio of products and services, including Hotel Website Builder and Booking Engine, Central Reservation Office, Email Marketing, and Digital Marketing.
Platform for creating and managing high-conversion hotel websites.
System for handling quotes and automated booking follow-ups.
Service for sending targeted email campaigns to hotel guests.
Tools for SEO, Google Ads, and hotel visibility enhancement.
People of Simplotel
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Funding Insights of Simplotel
Simplotel has successfully raised a total of $2.11M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $588.09 thousand completed in December 2016. 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.
Investors in Simplotel
Simplotel has secured backing from 2 investors, including institutional and angel investors. Prominent investors backing the company include MakeMyTrip and Vinay Goyal.
| Investor | Description | Founded Year | Domain | Location |
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Online bookings for flights, hotels, and travel packages are facilitated.
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VG
Vinay Goyal |
Angel investor and entrepreneur, focused on tech startups in India.
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Investor details for Simplotel
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Investments & Acquisitions by Simplotel
Investment portfolio details for Simplotel
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Financial Statements - Simplotel
Detailed financials for Simplotel
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Simplotel Comparisons
Peer comparison for Simplotel
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Competitors of Simplotel
Simplotel 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, Hotel Engine, HyperGuest, bookingkit and Eviivo, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Browser-based software solutions for hotels and other accomodations
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SaaS booking engine solution delivered for hotels and business travelers.
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AI-powered web-based solutions for hotel booking management are provided.
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SaaS booking management solutions are provided for travel service providers.
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End-to-end software solutions for vacation rental management are offered.
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Cloud-based solutions for hospitality reservations and management are offered.
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Detailed competitors of Simplotel
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Latest news on Simplotel
Complete news archive for Simplotel
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Frequently Asked Questions about Simplotel
Simplotel was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Simplotel is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Tarun Goyal is the current CEO of Simplotel. They have also founded this company.
Simplotel is a funded company, having raised a total of $2.11M across 3 funding rounds to date.
As of Apr 10, 2024, the latest employee count at Simplotel is 88.
Annual revenue of Simplotel is $823.15K as on Mar 31, 2022.
Simplotel was founded in 2013 in Bengaluru, India, as a cloud-based platform in the hospitality technology sector. Online presence for hotels and motels is enabled through website development and booking management tools. Services include direct booking growth facilitation, brand-aligned website designs, cross-platform compatibility, activity metrics via dashboards, and social media integration. A minority stake was acquired by MakeMyTrip in 2015.
Simplotel's top competitors include CloudBeds, Hotel Engine and HyperGuest.
Simplotel offers Hotel Website Builder and Booking Engine, Central Reservation Office, Email Marketing, and Digital Marketing.
Simplotel has 2 investors. Key investors include MakeMyTrip, and Vinay Goyal.
The valuation of Simplotel is $4.72M as of Dec 2016.