Singapore’s ZUZU Hospitality, a revenue management platform for independent hotels, has raised $5.9 million in a Series B extension round, led by Wavemaker Growth and supported by existing investors Velocity Ventures and Vulpes Ventures. Founded in 2017 by former Expedia executive Vikram Malhi, ZUZU focuses on integrating AI-driven revenue optimization solutions to empower independent hoteliers, enhancing their competitiveness against larger chains.
The new capital will accelerate product development and strengthen data infrastructure, enabling ZUZU to incorporate thousands of properties into the AI-powered travel sector. Its AI-driven platform, RevMate, has demonstrated a 40% efficiency increase and a 25-30% rise in revenue for users. ZUZU also aims to enhance various hotel operations through AI, improving guest interactions and service quality. As the hospitality industry undergoes significant transformation, ZUZU is committed to democratizing advanced technology for smaller hotels, helping them capture a larger share of online demand and thrive in the digital age.
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