Virtual hotel operator receives RM16.76mil injection

(From left) CyberAgent Ventures vice-president Steven Vanada, Convergence Ventures managing partner Adrian Li and Avili at the signing ceremony in Jakarta, Indonesia.

GLOBAL Rooms Limited, the owner and operator of the Nida Rooms hotel reservation system, has secured an equity investment of US$4.2mil (RM16.76mil).

The financing was led by two Asian venture capital firms, Convergence Ventures and CyberAgent Ventures.