Total amount raised
$85 Million
Latest funding date
06/01/2021
Location
Treebo Hotels has successfully raised funding over 10 rounds, with the latest being a Series D round involving seven investors, including Accor. The company is backed by 18 investors, with Bertelsmann India Investments and Z47 being among the most recent.
Treebo Hotels operates as a budget hotel chain in India, offering affordable and quality accommodations across more than 100 cities. Keep reading to explore the intricacies of Treebo Hotels' fundraising journey and the investors backing this innovative platform.
What Is Treebo Hotels?
Treebo Hotels, founded in 2014, is a prominent player in the hospitality industry, specifically in the budget hotel segment. Headquartered in Bengaluru, Karnataka, India, the company operates over 600 hotels across more than 100 cities.
With an employee count ranging between 501-1000, Treebo Hotels leverages technology to offer affordable and quality accommodations. The company is known for its transparent online booking experience, clean and fresh rooms, and a 30-minute service guarantee, ensuring customer satisfaction.
How Much Funding Has Treebo Hotels Raised?
- Series A
- Amount Raised: $6,000,000
- Date: June 2015
- Lead Investors: Elevation Capital, Z47
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a strong market presence and expand the hotel network.
- Series B
- Amount Raised: $17,000,000
- Date: July 2016
- Lead Investors: Bertelsmann India Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technology infrastructure.
- Series C
- Amount Raised: $34,000,000
- Date: August 2017
- Lead Investors: Karst Peak Capital, Ward Ferry Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the hotel network and improve customer experience.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: May 2019
- Lead Investors: InnoVen Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and growth.
- Corporate Round
- Amount Raised: $458,000
- Date: January 2020
- Lead Investors: Bennett Coleman and Co Ltd
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To sustain operations and continue growth amid the pandemic.
- Series D
- Amount Raised: $3,000,000
- Date: July 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operations during the pandemic.
- Series D
- Amount Raised: $1,360,000
- Date: July 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To sustain operations and growth amid the pandemic.
- Series Unknown
- Amount Raised: $6,000,000
- Date: October 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and growth.
- Series Unknown
- Amount Raised: $1,360,000
- Date: October 2020
- Lead Investors: Deepak Parayanken
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To sustain operations and growth amid the pandemic.
- Series D
- Amount Raised: $16,000,000
- Date: June 2021
- Lead Investors: Accor
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen the partnership with Accor and deploy Hotel Superhero software.
Total Amount Raised: $91,178,000. Current Valuation: Not publicly disclosed.
Key Investors
- Bertelsmann India Investments
- Details: Bertelsmann India Investments is the strategic investment arm of Bertelsmann SE & Co. KGaA in India. They focus on investing in early-stage and growth-stage companies.
- Investment Focus Areas: Media, services, education
- Notable Investments: Treebo Hotels, Pepperfry, Lendingkart
- Accor
- Details: Accor is a French multinational hospitality company that owns, manages, and franchises hotels, resorts, and vacation properties. They are one of the largest hospitality companies in the world.
- Investment Focus Areas: Hospitality, hotel management technology
- Notable Investments: Treebo Hotels, 21c Museum Hotels, Mama Shelter
- Elevation Capital
- Details: Elevation Capital, formerly known as SAIF Partners, is a venture capital firm that invests in early-stage and growth-stage companies in India. They have a strong track record of successful investments.
- Investment Focus Areas: Technology, consumer, healthcare
- Notable Investments: Paytm, Swiggy, UrbanClap
- Matrix Partners
- Details: Matrix Partners is a venture capital firm that invests in early-stage companies across various sectors. They have a global presence with a strong focus on India and the United States.
- Investment Focus Areas: Technology, consumer, enterprise
- Notable Investments: Ola, Practo, Quikr
- Ward Ferry Management
- Details: Ward Ferry Management is an investment management firm that focuses on long-term investments in public and private companies. They are known for their deep research and value-oriented investment approach.
- Investment Focus Areas: Public and private companies, long-term investments
- Notable Investments: Treebo Hotels, Yatra, MakeMyTrip
What's Next for Treebo Hotels?
Treebo Hotels stands at the cusp of significant growth opportunities, primarily driven by its strategic partnership with Accor. This collaboration will see the deployment of Treebo's Hotel Superhero software across Accor's extensive portfolio, potentially transforming hotel management on a global scale. The expansion of their SaaS business to serve both organized hotel chains and independent hotels further amplifies their growth potential.
Future fundraising opportunities appear promising, given the successful Series D round and the strategic alignment with Accor. These factors position Treebo well for attracting further investments to scale their technology solutions and expand their market reach. However, challenges such as competition from larger players like Oyo and the ongoing impact of the Covid-19 pandemic on the travel industry remain significant hurdles.
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