Online travel company ibibiGroup has acquired a minority stake in cloud-based hotels solution provider Djubo for an undisclosed amount.

The firm provides hotels with a centralised reservation platform, mobile friendly website templates and online channel management for integration with online travel aggregators.

Ashish Kashyap, CEO of ibiboGroup will join startup’s board. Djubo currently services 100 hotels and want to grow that to over 2,000 hotels within the next 12 months.

“Djubo is solving critical pain points of the hotel industry, delivering disproportionate value to the industry,” said Ashish Kashyap.

A significant portion of the investment will be put into product development to introduce more functionalities including micro functions for managing hotel inventory.