Online travel company Ibibo Group has picked up a minority stake in New Delhi-based Djubo, a cloud-based hospitality management services startup, for an undisclosed amount. This is the first investment by the company since it acquired YourBus (vehicle tracking application) in March last year.
Launched in February this year, Djubo is touted as India’s first integrated hotel sales platform. It is essentially a cloud based 360 hotel management software/platform which manages hotel booking confirmations, room hold requests, room queries, online channel partners, booking engine, payment follow up and much more through a single interface.
The startup was founded by Tarun Gulati, an IIM-Bangalore alumnus with over six years of experience in private equity and three years in the hospitality and hotel technology, and Sankalp Goel, an Institute of Management Technology, Ghaziabad alumnus with over six years of experience in IT consulting and software development.
The investment came via ibibo will be used by the startup in product development to bring even more innovative functionality to Djubo and develop it into a robust, end-to-end solution for hotel sales management covering micro-functions, said the startup in a statement.
Djubo is live with over 100 listed hotels, and this investment would enable it to upscale in the next 12 months, ibibo said in a statement.
Ashish Kashyap, CEO of ibibo Group, will join Djubo’s board as a member.
Sankalp Goel, co-founder of Djubo, said his company is excited to have ibibo Group on board as an investor adding Djubo is planning to cross 2,000 hotels within the next 12 months.