ZUZU Hospitality, a leading revenue management and distribution platform for independent hotels in Southeast Asia and India, has successfully raised US$5.9 million in a Series B-Extension funding round. The investment, led by Wavemaker Growth, with participation from existing investors Velocity Ventures and Vulpes Ventures, as well as new investor Latin Leap, is set to bolster ZUZU’s mission to empower independent hotels with advanced technology and expertise.
The funding comes at a crucial time as Southeast Asia’s hotel market experiences rapid growth and fragmentation, with many independent hotels struggling to compete with global chains. ZUZU’s comprehensive tech stack is designed to bridge this gap, enabling these hotels to maximise revenue and capture a fair share of demand from online channels. The company reports that its platform has already contributed to a 30-40% increase in occupancy rates for its clients.
Vikram Malhi, Founder and CEO of ZUZU Hospitality, emphasised the importance of levelling the playing field for independent hotels, stating that the new funding will accelerate their efforts in providing cutting-edge solutions. The investment will be used to further develop ZUZU’s AI-driven technology, ensuring that independent hotels can compete more effectively in the digital age.
As ZUZU continues to expand its reach and capabilities, the company is poised to make a significant impact on the hospitality industry, offering independent hotels the tools they need to thrive in a competitive market.
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