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Omatra Hotels raises undisclosed amount in seed funding led by Capify
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Wednesday, 25 November, 2020, 08 : 00 AM [IST]
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Our Bureau, Mumbai
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Omatra Hotels has announced to have received an undisclosed amount of seed funding led by Capify Network. With an innovative offering to asset owners aiming at entering the hotels industry, it plans to utilise the funds to expand its footprints and restructure its sales division for creating indomitable brand presence.
SujitJha, managing partner, Capify Network, said, “The service offerings of Omatra hotels is a fresh and much needed perspective considering the dynamic Industry demands and trends. We are excited to be a part of Omatra and with the current investments, we plan to help scale the firm and look forward to its success.”
Currently they are operating in 8 major cities which include Bangalore, Mysore, Coorg, Hubli, Pushkar, Jhansi, Kolkata and Patna.
Syed Saqqa Abbas, founder,Omatra, said, “There is a huge market demand for standardised products in pocket friendly budgets. The industry currently is unable to meet the demand supply gap in this vertical and we wish to leverage the demand and cater to this set of audience through the innovative Omatra products.”
He added that the brand is focussed in building innovative products based on thorough market research and consumer behaviour to offer global standard product offerings within a budget that doesn’t hurt the pocket.
The company was built on practical experiences and industry understanding of its two founders. While Abbas has worked with top Hospitality brands, Naveed was a part of the founding team at Treebo. Being from the hospitality industry for over a decade, the founders wish to overcome the shortcoming they have faced and understood from their experience to create a great product.
“The USP of Omatra is the ROI that we guarantee to all our asset owners (clients). Our motive is to create a Made-in-India platform which can design and operate all kinds of hotels that gives complete product satisfaction and luxury,” the founder duo concluded.
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