The Indian hotel industry is worth $230 billion and is growing at the rate of 12.2 per cent per year. This adds to the fact that consumer confidence to do online hotel bookings is on the rise. If we look at the figures stated in Google’s latest research report it indicates that around 8.4 million Indians are likely to book hotels online by 2016.
The Indian Angel Network (IAN) has invested an undisclosed amount in Gurgaon-based RepUp, an online reputation management startup for hospitality businesses. Angel investors Sanjay Mehta, Keshav Murugesh and Apurva Parekh led this round on behalf of the IAN. Mehta would join RepUp’s board as part of the transaction.
As Indian startups corner the spotlight – and the funding – here are the fabulous five that made it to our watchlist today. Indian Angel Network (IAN), one of India’s largest angel investor networks, has invested an undisclosed amount in Gurgaon-based online reputation management startup RepUp. Sanjay Mehta, Keshav Murugesh, and Apurva Parekh have led this round of investment.