On 19 May 2021, Upswing Cognitive Hospitality Solutions, a Pune based modern data solution startup for predicting the hospitality and travel industry announced that it raised USD 15K in a seed funding round. This round was led by Framed Venture Capital, a private investment company from Australia, via Foreign Direct Investment (FDI).
Through this partnership, both Upswing Cognitive and Framed Venture will develop and grow their alignment and roadmap technology, assessing financial performance and business strategy to the overall forecast and growth.
Words from the investors –
“The current pandemic has called for a serious understanding of anticipatory measures for every business, irrespective of their size. With Upswing’s simplified solutions in the sector, we are extremely proud to work together in empowering the global travel and hospitality sector with the knowledge and resources required to respond in the constantly evolving and fast-paced, dynamic technology-driven world.” – Gerry Comninos, Director, Framed Venture Capital.
“Their ability to effectively engage technology and AI to allow hospitality providers to understand data trends, maximise outcomes, and positively influence their customers (the guests) for the mutual benefit of the hospitality provider and the guests will help in delivering strong returns” – he added.
About the company –
Upswing Cognitive Hospitality Solutions was established and founded by Harshvardhan Amle in 2019. The company is backed up with Blockchain and AI, which help customers to foresee their guest managing, enhancing, behaviour, and delivering KPIs.
The platform allows the customer’s guest to enjoy stay experience and travel, and also improves hotels overall efficiency. The company claims to provide end-to-end solutions for guests -from their marketing to engagement and guest pre-stay to re-stay.
Upswing Cognitive Hospitality Solution’s main aim is to change the hospitality sector with a data-driven platform. For this goal, they will collaborate with others on various initiatives to upgrade expertise in the hospitality sector.
“The capital raised will help us in scaling overall product development, operations, technology, and sales. The substantial impact of the Covid-19 pandemic on the domestic and international travel and hospitality industry further corroborates the need to pivot the sector’s current approach towards data-driven solutions, which has proven helpful for many organizations and industries across the world.” – Harshvardhan Amle, Founder, Upswing Cognitive Hospitality Solutions.
The investors, Framed Ventures, trusts that Upwing Cognitive’s scaling will make it strong over the year and make them gain good revenue and establish themselves in the global market.
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