Roomy raises $1M Pre-Series A round
Roomy.pk shares the budget hotel market economy with unbranded hotel property owners, making it affordable for people to obtain branded quality hotel facilities at a lower price by tapping the underutilized inventory of local unbranded budget hotels.
Roomy has been able to leverage technology to develop a proprietary solution that transforms customer experience and hotel management while enabling the company to achieve rapid, data-driven growth. Some of the features offered to travelers across properties include guaranteed online bookings, contactless check-in, check-out (no front desk queuing), standardized rooms, and branded amenities.
The team is spearheaded by Goldman Sachs and Carnegie Mellon Alum Dr. Asad Samar, the Founder & CEO. His Co-Founders are also industry veterans with Haasin bin Zahid from Jovago as COO and Abdul Rehman from Convo & Telenor.
Faisal Aftab, the Managing Partner of Lakson VC, commented, “The hospitality and travel industry in Pakistan is an underserviced market segment with a multi-billion-dollar market opportunity. Roomy is our second pick in the travel vertical as it has a scalable asset-light business model; while addressing the market gap for younger domestic leisure and corporate budget travelers, offering optimally priced standardized rooms and amenities in key locations.” Faisal has also joined Roomy.pk’s Board of Directors.
