August 17, 2017
Combining it’s Quote Your Own Price model for hotel bookings with Microsoft’s powerful data analytics engine TRAVELSPICE is targeting $20M in revenue and 300,000 transactions by 2019
Bangalore, Karnataka, India
Travel technology start-up, TRAVELSPICE, today announced increased use of data analytics, machine learning, BOT services and the scalable infrastructure offered by Microsoft Azure to support India’s only and rapidly growing e-commerce hotel booking platform. TRAVELSPICE is exclusively designed for flexible and brand agnostic customers who decide the price they want to pay for a particular area and hotel star rating. These customers pay in advance to get a confirmed booking at their price in less than three hours. The TRAVELSPICE solution will help save its customers a guaranteed 32% on top of the lowest available market prices.
Microsoft Azure lets TRAVELSPICE analyse site traffic, conversions and keep the eCommerce platform secure and compliant. TRAVELSPICE benefits by paying only for the capacity it uses while enabling it to handle predictable and unpredictable demand. With the help of Microsoft Azure, including its boat services , TRAVELSPICE is able to solely focus on enhancing customer experience.
Talking about the huge potential in the partnership, Mr. Vijaymohan Avullapati, CTO, TRAVELSPICE, commented “Moving to Azure was a very conscious decision we made, which paid off. With features such as auto scaling, auto backups, A/B Testing for comparing different versions of web app to see which one performs better and deeply integrated Analytics, Azure saved us countless human hours and reduced error, providing more room to solve our customer problems. With increased use of machine learning and BOT services of Microsoft, we will continue to be ahead of our fast growing consumer demand.”
Talking about the collaboration, Mr. Rajiv Sodhi, Commercial Partner Leader, Microsoft India said, “It is extremely exciting to see the innovations TRAVELSPICE is bringing to the market. We are excited to provide the Digital transformation platform for TRAVELSPICE to innovate and build on our Hyper Secure and Hyper Scalable cloud.”
TRAVELSPICE is a discount online hotel booking technology platform that offers low priced star hotel rooms in India through a unique model. The hotel name is not revealed to the purchaser until the transaction has been completed. TRAVELSPICE allows hoteliers to offer uniquely low prices on their unsold inventory without competing against their other retail channels or tarnishing their brand reputation. The traveller is able to enjoy unique discounts that are NOT available anywhere else.
Co-founded by Ramu Kallepalli, Prashant Mitta and Ankit Manglik, TRAVELSPICE is data analytics driven travel tech e-commerce platform for consumers and hotel partners catering 1-Star to 5-Star hotels in 213+ cities in India and 7 short haul destinations abroad. TRAVELSPICE is India’s only and rapidly growing opaque hotel e-commerce platform, which targets brand-agnostic and value-conscious consumers, providing discounts of up to 70% on hotel bookings. Hotels benefit, too, as they can fill perishable room inventory with fully paid and non-refundable bookings without diluting their brand or cannibalising their existing sales channels. TRAVELSPICE has raised an undisclosed amount in seed funding from Bangalore-based early-stage investor Eagle10 Ventures recently and plans to raise Series A round in next 9 months. TRAVELSPICE is headquartered in Bangalore, India. More information about TRAVELSPICE can be found online at www.travelspice.com