Total amount raised
$85 Millions
Latest funding date
06/01/2021
Location
Treebo Hotels has successfully raised funding through multiple rounds, with the latest being a Series D round. The company is backed by 18 investors, including Bertelsmann India Investments and Matrix Partners India.
Treebo Hotels operates as a budget hotel chain in India, offering affordable and quality stays 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 June 2015 in Bengaluru, Karnataka, India, is a tech-enabled, asset-light affordable accommodation brand. The company was established by Kadam Jeet Jain, Rahul Chaudhary, and Sidharth Gupta.
Treebo Hotels offers budget-friendly hotel accommodations across India, ensuring quality stays at affordable rates. They provide various amenities such as air-conditioned rooms, free Wi-Fi, complimentary breakfast, and a 30-minute service guarantee.
With a workforce of 501-1000 employees, Treebo Hotels has a presence in over 100 cities and more than 600 hotels, making it India's #1 branded budget hotel chain.
How Much Funding Has Treebo Hotels Raised?
- Series A
- Amount Raised: $6M
- Date: June 2015
- Lead Investors: Elevation Capital, Z47
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the brand and expand its initial operations across India.
- Series B
- Amount Raised: $17M
- 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: $34M
- 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.
- Corporate Round
- Amount Raised: $458K
- Date: January 2020
- Lead Investors: Bennett Coleman and Co Ltd
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support marketing and brand-building efforts.
- Series D
- Amount Raised: ₹225M
- Date: July 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To navigate the challenges posed by the COVID-19 pandemic.
- Series D
- Amount Raised: ₹102.6M
- Date: July 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further stabilize operations during the pandemic.
- Venture Round
- Amount Raised: $6M
- Date: October 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing business operations and technology upgrades.
- Venture Round
- Amount Raised: ₹100M
- Date: October 2020
- Lead Investors: Deepak Parayanken
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the company's market presence and service offerings.
- Series D
- Amount Raised: ₹1.2B
- Date: June 2021
- Lead Investors: Accor
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To deploy Treebo's Hotel Superhero software at Accor properties and support growth in both hotel and SaaS businesses.
Total Amount Raised: $63.458M
Current Valuation: Not publicly disclosed
Key Investors
- Accor
- Details: Accor is a French multinational hospitality company known for its extensive portfolio of luxury and mid-scale hotels. They have a global presence with numerous hotel brands under their umbrella.
- Investment Focus Areas: Hotels, resorts, vacation properties
- Notable Investments: Banyan Tree, Rixos Hotels
- Bennett Coleman and Co Ltd
- Details: Also known as The Times Group, Bennett Coleman and Co Ltd is India's largest media conglomerate. They have a significant presence in media, publishing, and digital ventures.
- Investment Focus Areas: Media, publishing, digital ventures
- Notable Investments: Various media and digital companies
- Deepak Parayanken
- Details: Deepak Parayanken is the Deputy Managing Director of Mozambique Holdings. He is an individual investor with interests in various sectors.
- Investment Focus Areas: Personal investments in various sectors
- Notable Investments: Not specified
- Elevation Capital
- Details: Formerly known as SAIF Partners, Elevation Capital is a venture capital firm that invests in early to growth-stage companies in India. They have a strong track record in the Indian startup ecosystem.
- Investment Focus Areas: Early-stage companies, growth-stage companies
- Notable Investments: Paytm, Swiggy
- Bertelsmann India Investments
- Details: Bertelsmann India Investments is the strategic investment arm of Bertelsmann SE & Co. KGaA in India. They focus on digital, education, media, and services sectors.
- Investment Focus Areas: Digital, education, media, services
- Notable Investments: Pepperfry, Lendingkart
What's Next for Treebo Hotels?
Treebo Hotels stands at the cusp of significant growth, driven by the deployment of their Hotel Superhero software at Accor properties worldwide. This strategic partnership opens doors to a global network, enhancing their SaaS business and market presence. The travel industry's recovery post-COVID-19 further amplifies these opportunities.
Future fundraising seems promising, given the successful Series D round and strategic alliances. Investors are likely to be drawn by Treebo's innovative tech solutions and expanding footprint. However, challenges such as competition from larger players like Oyo and the lingering effects of the pandemic could pose hurdles.
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