A Nigerian startup business that books hotels for people online - is in the news because it has raised an investment of $1.2m from eBay founder - Pierre Omidyar - and EchoVC - a Venture Capital Company based in Nigeria that does early stage investments for Nigerian technology companies..
Two or three years ago, there was no way of finding hotels online in Nigeria.
A Nigerian - Mark Essien - came up with the concept of Hotels.
ng, which is a way to find hotels in towns across Nigeria and do bookings for those hotels.
He was able to raise investment of $225,000 from Jason Njoku of IrokoTV (about N36 million naira) back in 2013, and after two years, the Hotels.
ng company has now brought in international investors to invest $1.2m in the company (N240million).
The company is said to be one of the fastest growing technology businesses in Nigeria - this trend of foreign investment being put in the country must continue!
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