Also known as: RoomsTonite
Mobile app for last-minute hotel bookings at discounted rates, same day or up to three days in advance.
Last-minute hotel bookings often result in high prices, limited availability, and hassle for spontaneous travelers.
Last-minute hotel bookings often result in high prices, limited availability, and hassle for spontaneous travelers.
App-based platform offering discounted rates on unsold rooms for same-day or up to 72-hour bookings across thousands of hotels.
App-based platform offering discounted rates on unsold rooms for same-day or up to 72-hour bookings across thousands of hotels.
Ceased operations due to fund crunch after promised $1.5M investment failed to materialize.
Event Year: 2017
Ceased operations due to fund crunch after promised $1.5M investment failed to materialize.
Event Year: 2017
Operating costs escalated and promised seed funding did not arrive, leading to severe cash flow issues.
Operating costs escalated and promised seed funding did not arrive, leading to severe cash flow issues.
RoomsTonite was a mobile application designed to cater to spontaneous travelers seeking last-minute hotel accommodations. The app aggregated unsold hotel rooms, offering them at discounted rates for bookings made on the same day or up to three days in advance. This provided a solution to the common problem of high prices and limited availability often associated with last-minute hotel bookings.
However, RoomsTonite ultimately ceased operations due to a critical funding shortfall. A promised $1.5 million investment failed to materialize, leaving the company unable to sustain its escalating operating costs. This lack of capital resulted in severe cash flow problems, ultimately leading to the shutdown of the platform.
RoomsTonite was a mobile application designed to cater to spontaneous travelers seeking last-minute hotel accommodations. The app aggregated unsold hotel rooms, offering them at discounted rates for bookings made on the same day or up to three days in advance. This provided a solution to the common problem of high prices and limited availability often associated with last-minute hotel bookings.
However, RoomsTonite ultimately ceased operations due to a critical funding shortfall. A promised $1.5 million investment failed to materialize, leaving the company unable to sustain its escalating operating costs. This lack of capital resulted in severe cash flow problems, ultimately leading to the shutdown of the platform.
Total Raised: $1.5M
Last Round: Seed (angel, Dec 2015; promised but failed to fully materialize)
Total Raised: $1.5M
Last Round: Seed (angel, Dec 2015; promised but failed to fully materialize)
Commission-based (15-18% per booking)
Commission-based (15-18% per booking)
Spontaneous travelers in India needing quick hotel deals
Spontaneous travelers in India needing quick hotel deals
unknown
Hiring: unknown
unknown
Hiring: unknown