In separate fund-raising developments, budget accommodation aggregator Room on Call has raised almost $2 million (Rs 13.3 crore), Ahmedabad-based CityShor has received an angel funding and Freshtohome has raised funding from Zynga co-founder.
Room On Call raises $2m led by CASHurDRIVE Marketing
Budget accommodation aggregator Room on Call has raised almost $2 million in funding led by CASHurDRIVE Marketing Pvt Ltd, an on-vehicle advertising company. Last year, the startup had raised $300,000 in seed funding from Yahoo executive Payal Syal.
“The funding will be used for marketing and strengthening operation in metros along with expanding presence in tier 2 and 3 cities. We aim to club non-star category of hotels under a single brand and standardize properties,” said Nirupma Dhawan, chief operating officer of Room on Call. Room On Call plans to expand to 150 cities and increase its current inventory from 8,000 rooms to 20,000 room nights by end of 2016.
CityShor raises angel funding from GAIN
Online lifestyle media recommendation platform CityShor has raised an undisclosed amount of angel funding from GAIN, a Vadodara-based Angel Network.
The startup plans to use the funding for its expansion, increase team size and content distribution. CityShor was founded in 2013 by Pallav Parikh and Pankaj Pathak. It helps customers to find best food, fashion, travel, events, home decor and other services in Ahmedabad.
Freshtohome raises funding from Zynga co-founder Mark Pincus
Other investors like Walter Kortschak, founder of early-stage VC fund Kortschak Investments, Peter Briger, co-chairman of New York-based investment management firm Fortress Investment Group, Timothy Flaherty , co-founder of Silver Creek Capital Management, former Zynga CTO Cadir Lee, Google India MD Rajan Anandan, former Zynga Studios president Alex Garden and former Softbank US director Pavan Ongole, also participated in the round.
Early this month, Zynga announced that Pincus has stepped down as CEO of the company but will remain as executive chairman of the board.