Last minute hotel booking app SavvyMob has announced the closure of its seed funding round, in which it raised $1m. Based in India, SavvyMob serves more than 50 cities, and offers unsold inventory to its users from a wide range of hotel partners, including Le Meridian, Oyo Rooms, Royal Orchid, Radisson, and Park Plaza.
The new investment will be used to hire more technical staff to build its platform, and also launch the app in an additional 50 cities, which it aims to do before the end of 2017. The investment comes from several sources including the online Lets Venture platform.
SavvyMob is available for iOS and Android, and the startup launched in 2014. It built a network of 250 hotels in 25 cities within a few months of being available.