Nexus Venture Partners has invested Rs 7 Cr in MagicRooms Solutions Private Limited. www.MagicRooms.in - the online platform of the company offers online hotel bookings.
MagicRooms was founded by Niranjan Gupta in 2009. He is also the founder of www.flightraja.com, B2B airline booking website.
The company is launching a web based Global Distribution System of hotel rooms. Through the web-based hotel GDS, the company will offer inventory of hotels and service apartments across the country to travel agents on pan-India basis. The hotel will need to pay a service charge to Magicrooms.
Sunnyvale, California-based Druva Inc., a cloud-first data protection solution provider, announced receiving $51 million in funding. This round of funding was led by existing investor Sequoia India, along with participation of new investors such as Blue Cloud Ventures, Hercules Capital, and Singapore-based EDBI. Existing investors like Japan’s NTT Finance (financial arm of Japanese telecommunications company Nippon Telegraph and Telephone Corporation), Nexus Venture Partners and Tenaya Capital also contributed to this round.