SavvyMob, an online mobile marketplace for last minute hotel rooms in India announced that it has closed a seed investment round. The investment is led by Mohandas Pai’s Aarin Capital and includes members of business houses in India and angels from online funding platform LetsVenture.
“This additional funding is a great vote of confidence in SavvyMob’s vision as well as long term potential of our company,” say Bikram Sohal and Gappan Annamalai, co-founders of SavvyMob. “We are by far the fastest growing company in our market category, and we plan to use this funding to invest even more heavily in ensuring the success of our customers and to further accelerate our growth. ”
SavvyMob will expand its marketing effort to target the business and leisure millennial travellers who are looking for the best rates for their unplanned or spontaneous travels.
SavvyMob is available for the iPhone and iPod touch on the Apple App store and for Android phones on the Google Play store.