Budget hotel aggregators were one of the breakout startup ideas of last year, particularly in India. Hype around the industry has quietened down this year but there’s a big round today: Treebo Hotels has raised $17 million led by Bertelsmann India Investments with participation from existing investors SAIF Partners and Matrix Partners India.
Founded in June 2015 initially as Zipotel, Bangalore-based Treebo is a ‘tech-powered’ budget hotel aggregator that provides a standard of accommodation across a network of partner hotels in India, for example clean linen, bedding, free WiFi etc. Typical room cost is between $15 and $50. It sounds basic to Western standards but, as anyone who has ever traveled off the beaten path in Asia can testify, many of these things are often missing — and that can be very painful.
It’s much the same as the model pioneered by OYO Rooms, a popular startup that has raised over $125 million from the likes of SoftBank.
more at https://techcrunch.com/2016/07/22/indias-treebo-hotels-raises-17-million-for-its-budget-hotel-network/
Founded in June 2015 initially as Zipotel, Bangalore-based Treebo is a ‘tech-powered’ budget hotel aggregator that provides a standard of accommodation across a network of partner hotels in India, for example clean linen, bedding, free WiFi etc. Typical room cost is between $15 and $50. It sounds basic to Western standards but, as anyone who has ever traveled off the beaten path in Asia can testify, many of these things are often missing — and that can be very painful.
It’s much the same as the model pioneered by OYO Rooms, a popular startup that has raised over $125 million from the likes of SoftBank.
more at https://techcrunch.com/2016/07/22/indias-treebo-hotels-raises-17-million-for-its-budget-hotel-network/