Nexus Invests Rs 7 Crore in MagicRooms
Bangalore-based MagicRooms has raised Rs 7 crore ($1.5 million) in Series A funding from Mumbai venture capital firm Nexus Venture Partners. The startup has developed a web-enabled platform that aggregates hotel room inventory from across the country. The funding from Nexus will be used to build infrastructure and increase marketing capabilities. The company’s founder and managing director, Niranjan Gupta, earlier…