Software-as-a-service (SaaS) startup Atica has raised an undisclosed amount in a seed funding round led by Titan Capital.
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The round also saw participation from Rahul Talwar (DLF Family Office), Anil Goel (Byju’s), Bhuvan Gupta (OfBusiness), Ramji Sundararajan (Mckinsey Palo Alto), and Prashant Sood (Eros Group), and other prominent industry professionals working in the US including hotel owners.
The startup said it will utilize the raised capital to develop its technology stack and build base infrastructure.
Founded in 2021 by Akash Goel and Bonish Gandhi, Atica is a SaaS startup that helps US-based hotels with their sales processes and improves their revenue by using customer relationship management (CRM) tools along with digital marketing and revenue management.
Commenting on the development, the Founders of Atica, said, “These funds are a necessary tool required to experiment, build, fail fast and find success. Funds are also critical to enable expansion in the USA market. Our past industry experience has helped us find PMF early and we are now in the growth phase; Our investors bring enormous experience, and mature advice to the table. We feel stronger having partnered with them.”
Bipin Shah from Titan Capital said, “Atica helps hotel owners in the US in boosting their revenues which leads to high retention. With Akash & Bonish’s expertise in the industry from past experience paired with the rapid traction they are seeing in their business, Atica is poised to see huge success with their low churn & recurring revenue B2B business.”
Source @Indianstartupnews
