India: Matrix-backed Treebo Hotels in talks with VC funds to raise $40m

India: Matrix-backed Treebo Hotels in talks with VC funds to raise $40m

Visual from Mint.

Online budget hotel booking start-up Treebo Hotels is in talks with venture capital (VC) funds to raise almost $40 million (about Rs.260 crore) to fund expansion and take on its larger rival OYO Rooms (Oravel Stays Private Ltd), according to three people aware of the development.

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