WB Hotels, the Indian online tech-based hotel brand, has raised INR 40 million from its existing investors and will be using the funds to enter new markets, strengthen senior leadership roles, and towards skill upgradation, AIML and RPA-based tech development.
The brand plans to take ownership of 100,000 rooms by 2023 to join the coveted one-lakh club. This pioneering fraternity, led by Chandan Pandey, co-founder and CEO, and Aman Gupta, founder, hopes to support every budget-friendly hotel in the country with HR, finance, and technology.
The travel-tech company presently has 950+ hotels, 20,000+ rooms, 27+ States, and 150+ locations, and it also plans to go public in the next four to five years.
Sharing his vision and thoughts, Chandan Pandey, Co-Founder & CEO, WB Hotels, said, “WB Hotels’ technology will resolve the real time problems of budget hotels. Since all the latest technology is beyond the reach of budget hotel owners, we are here to make them a part of the fastest growing travel technology revolution. The brand also boasts its own mobile app & websites to make hotel reservations effortlessly with the help of Artificial Intelligence & Machine Learning based rate fetching technology.”