Hotelquickly

HotelQuickly raises USD 1.13M

HotelQuickly, the largest same-day hotel booking application in Asia-Pacific closes its series A round after raising USD 1.13M. The funds will be used for further expansion within the region and to accelerate product development.

HotelQuickly is a mobile app offering last-minute hotels to whoever is in spontaneous need of a hotel room that night. Rooms are available for booking from noon to 4 in the morning, and can be booked for up to 5 nights, while the first night is always at the day of booking. The app is available for free for iPhone, Android, and BlackBerry 10 operated smartphones.

To date, about 400 hotels across the region have teamed up with HotelQuickly to sell their last-minute inventory with deep discounts. “Mobile booking on the spot is taking over from booking ahead of time. Not only are rooms offered via our app cheaper than online, offerings are also curated and we guarantee you a better hotel experience” explains HotelQuickly’s CEO Tomas Laboutka.

The team around Laboutka consists of a number of experienced entrepreneurs from the US, Europe and Asia. About 10 of the roughly 25 people involved in HotelQuickly come from senior management positions of Rocket Internet’s regional ventures, such as Zalora, Lazada, and Foodpanda.

This probably explains some of the speed of HotelQuickly’s execution and its ambitious plans for the future. The startup expanded very quickly and is now operational on 2 continents and in 11 countries across Asia Pacific. So far about 40 different destinations across Asia Pacific are covered by HotelQuickly, with more added in the upcoming weeks and months. This has been welcomed by more than 150,000 users who have downloaded the app since late March. HotelQuickly frequently soars in the top download lists of the travel category in the app stores.

Investors in this round consist of angel investors from three continents, among them Boon Hwee Koh, former Chairman of numerous companies such as Singtel, Singapore Airlines and DBS Bank, and current board member of several private companies such as Singapore’s Temasek Holdings.

CSO Raphael Cohen is confident that HotelQuickly will keep growing rapidly: “We are becoming the number one app in people’s mind for their last-minute hotel bookings in Asia-Pacific. Our users appreciate the simple process of booking a hotel on our app, our deals and the quality of our hand-picked hotels. We will keep adding more destinations and quality hotels for our users to enjoy”.

With spontaneous travels, weekend getaways, and short-term business trips becoming more popular across the region, the app clearly hits a major nerve of our time. The startup has already been named Top 100 Red Herring company in Asia of 2013.