China’s Qiming Venture to lead up to $50m Series B round for RedDoorz

Visual from RedDoorz’s social media page.

Singapore-headquartered budget hotel operator RedDoorz is raising up to $50 million for its Series B financing round, which will be led by Chinese venture capital firm Qiming Venture Partners, DEALSTREETASIA has learnt.

The startup last raised an $11 million pre-Series B round last March from investors including the International Financial Corporation (IFC) and several new investors.

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