May 4th (Wednesday) 2022
InnKey has raised strategic
investment from Yanolja Cloud
- With this strategic investment, InnKey looks to expand and provide its enterprise cloud platform globally to full-service segment ranging from mid-sized hotels to large global chains.
- Backing from Yanolja Cloud is a strong validation of the deep domain knowledge and cutting-edge cloud technology and experienced management team of InnKey.
(InnKey, Ahmedabad, May 4 (Wednesday) 2022) Hospitality technology company, InnKey (InnKey Infosystems Pvt. Ltd.) has raised a strategic investment from AI-based SaaS Company Yanolja Cloud to expand its enterprise cloud platform globally.
InnKey, started in 2013, is a widely used hospitality technology company headquartered in India. It currently provides its integrated cloud platform to several full-service hotels and chains both in India and abroad. With its cutting-edge cloud technology, extensive breadth of offerings and attractive market pricing, InnKey is already helping several large hotels and chains to simplify their operations, increase revenues, maximize profits and deliver an exceptional guest experience. Thanks to its strong domain knowledge InnKey provides tremendous value to everyone, from a 50-room boutique hotel to a 500-room luxury upscale hotel, from independent hotels to large global chains.
Yanolja Cloud, together with its subsidiaries, is offering hospitality management solutions to more than 43,000 clients in over 170 global markets in 60 languages. It has also expanded its business vertical for its solutions business not only to cater to the travel industry, but also to leisure, and residential-based spaces based on the robust scalability of its cloud and AI technology. InnKey will leverage and maximize synergies by working closely with other group affiliates of Yanolja Cloud, including eZee Technosys and Zen Hospitality Solutions.
InnKey's integrated cloud platform brings everyone in the hotel together, from reservations all the way to financial accounting, which allows for information to flow seamlessly through various departments for business analysis and use. Everything can be accessed anytime, anywhere - there is no need for any additional hardware or servers, eliminating costs and unnecessary hassles. The entire platform is available with a simple monthly fee which enables hoteliers and business owners to switch from a high CapEx model to a low OpEx model. By replacing multiple, on-premise and disparate systems with one integrated cloud platform, InnKey helps hotels deliver an exceptional experience to their guests. Hotel chains can bring all their hotels on a single platform and can get benefits of centralized operations and real-time data consolidation. This makes InnKey a perfect fit for any hotel or chain looking for a one stop solution.
With this investment, InnKey will continue to hire across functions, further enhance its cloud platform and expand globally as it looks to continue to disrupt the global hospitality industry. InnKey aims to become to platform of choice for the global full-service hotel segment and a single point solution for everyone from mid-sized hotels to large global chains to help them simplify their operations, increase revenues, maximize profits and deliver an exceptional guest experience.
"At InnKey, our vision has always been to disrupt the way large hotels and chains have operated globally. For too long full-service hotels have had to deal with multiple, on-premises and disparate systems. With InnKey's product and domain knowledge and Yanoja Cloud's global reach, ecosystem of partners and range of solutions, we are going to change that. Going forward we will be focusing on further enhancing our cloud platform and expand globally as we look to transform the global hospitality industry." said Viral Shah, Co-founder and CEO of InnKey.
"We decided to invest in InnKey with a path to acquisition based on their deep domain knowledge, a robust product, and a passionate management team, which we saw as the key formula in expanding and accelerating the business opportunity with an enhanced solutions lineup catering to all types of hotels," said Andrew Kim, Director of Global Solutions Business at Yanolja Cloud. "With constant research and development in SaaS technology at Yanolja Cloud, we will continue to grow our global solution business and lead the digital transformation of the global hospitality and travel industry."