Wednesday, August 15, 2007

Saastra Software to raise $10 mn via venture capital

Saastra Software, a Bangalore-based software startup focused on solutions for the hospitality industry, is looking to raise around $10 million through venture capital.

The company recently announced the commercial launch of its product, which facilitates the automation of a hotel’s internal business processes like reservations, guest service operations and corporate client management.

Vishnu Murali Konduru, founder-CEO of Saastra Software, said he was in talks with a couple of venture capitalists and also a strategic player in the Asian region.

Saastra is delivered as software as a service and its architecture makes it possible for the users to expose their automated inventory to the consumers, eliminating the need for third party intermediaries.

Read more in The Business standard article.

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