RoomsTonite failure

RoomsTonite

Las-minute hotel booking provider

Description

RoomsTonite was a last-minute hotel booking app for people that decided to travel in or to India. It focused on listing hotels that had vacant rooms and could be filled on short notice. The app was free to download and could be found on the Apple and Google Store. The app specifically let people search and book rooms at a discounted price from about 4,000 hotels across 325 locations. The booked room was supposed to be filled on the same day or within 72 hours.

Stats

Category
Travel
Country
India
Started
In 2014
Closed
By 2017
Number of Founders
One
Name of Founders
Suresh John
Number of Employees
Between 101 And 250
Number of Funding Rounds
1
Total Funding Amount
$1.5M
Number of Investors
4
Precise Cause of Failure
Lack of Funds
Business Outcome
Bankruptcy

Cause of Failure

The company had announced to have raised $1.5 million in funding but the payment probably was late to arrive or didn’t go as planned and the company struggled to continue its operations. Both versions of the app were taken down.

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