HMS Infotech has benefited immensely from capital infusions by internationally renowned Accel Partners, Blume Ventures, a very young and dynamic fund and India’s leading Angel group, Mumbai Angels.
Accel Partners have mentored several start-ups in their quarter century of global operations to build world class businesses. They have a long history of excellence and innovation in the global venture capital and growth equity business. They invest throughout the world using dedicated teams and market-specific strategies with offices in USA, UK, India, and China.
Speaking about why they chose to invest, Shekhar Kirani said, “Accel is very excited about Hotelogix's team, their product and the market. With more than 16 million hotel rooms in the world, where, most of them will upgrade to a cloud-based hotel management platform soon, Hotelogix's cloud-based platform is perfectly positioned for this market.”
Blume Ventures is an angel and seed venture fund that backs startups with both funding as well as active mentoring and support. They invest in companies that have committed and passionate entrepreneurs, who are flexible and can adapt to changing market dynamics, and that is what attracted Hotelogix to them.
Karthik Reddy, Managing partner Blume Ventures says. “Hotelogix is a great example of a SaaS product company that levels the playing field for small and mid-sized hotels to find cost-effective, easy to service, cloud solutions for their staff to manage their business. This is the future delivery model and adoption model to build efficiencies within small businesses and Hotelogix is steadfast in its commitment to deliver a world class product.”
HMS Infotech received an unequivocal vote of confidence in HOTELOGIX when Mumbai Angels, the first premium Angel network in India, invested in the company. Barely seven years old, Mumbai Angels is already well-known for investing in high-potential start-ups. The Angel investor is enthusiastic about Hotelogix, which “addresses the crying need of management in the global hospitality sector”, according to Gautam Shewakramani, member Mumbai Angels, who has joined the HMS Infotech Board.
Accel Partners, Blume Ventures and Mumbai Angels have invested in numerous renowned companies. Their portfolio include: Facebook, BookmyShow, Flipkart, Polama, E2E networks, TAS information intelligence, NetElixer Inc among dozens of other success stories.
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