Budget hospitality chain Treebo Hotels has raised $6 million in a fresh funding round led by existing investors, including Matrix Partners India, SAIF Partners, Bertelsmann India Investments, and Ward Ferry.
The hotel chain plans to use the funding proceeds to build technology products for its business, per media reports.
The funding for Treebo comes almost three years after it had raised $34 million in a Series C round of funding led by Hong Kong-based investment firm Ward Ferry Management and Karst Peak Capital. Prior to that, it had raised a total of $23 million over two rounds from SAIF Partners, Matrix Partners India and Bertelsmann India Investments.
Treebo was founded in March 2015 by IIT Roorkee alumni Rahul Chaudhary, Sidharth Gupta and Kadam Jeet Jain. At present, it has a portfolio of over 600 hotels in 100 cities.
INDIA DEAL MONITOR
Here are prominent venture capital transactions in India from October 6-8, 2020.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Industry||Verticals|
|Treebo Hotels||Bengaluru||6 million||-||Matrix Partners India, SAIF Partners, Bertelsmann India Investments, Ward Ferry||-||Real Estate Development & Operating Company||-|
|Pesto Tech||Delhi||-||-||Ryan Hoover, Anand Chandrasekaran, Ankur Nagpal, Sahil Lavingia, Hiten Shah, Andreas Klinger, Maran Nelson, Derek Anderson, Cindy Bi||Education/Training||EdTech|
|Unocoin||Bengaluru||-||-||Draper Associates||XBTO Ventures, 2020 Ventures||Financial Services||Blockchain|
|Omnify||San Fransisco||-||Pre-Series A||AngelList Syndicate, Sequoia Scout||Ramakant Sharma, Anand Chandrasekharan, Dhruv Vohra, Ashish Tulsian, Adi Chugh, Rajan Anandan, LD Sharma, Arjun Batra||Software||SaaS|
|Bambrew||Bengaluru||-||Pre-Seed||Upsparks||LetsVenture, Amity Capital Ventures, Amity Technology Incubator, Kunal Prasad, Prashant Gagneja||Packaging||E-commerce|
|NirogStreet||Delhi||2 million||Pre-Series A||Wavemaker Partners, Amand Ventures||Spiral Ventures||Healthcare Services||HealthTech|
|Monet Networks||California||500,000||Bridge||SenseAI Ventures||-||Software||AI and Machine Learning|
|Ergos||Bihar||5 million||Series A||Chiratae Ventures, Aavishkaar Capital||-||Logistics/Distribution||AgTech|
|Krishitantra||Udupi||1 million||Seed||NABVENTURES, Omnivore||-||Biotechnology||Biotech|
|Livve||Kochi||1.5 million||Seed||-||-||Real Estate Development & Operating Company||Real Estate Tech|
|Lido Learning||Mumbai||4 million||Seed||Juneja Family, Rishabh Marivalla||Nidhi Arora, VSS Investco, S.Chand & Co, Sanjay Kapoor, Felix Ohswald, Mukesh Bansal||Education/Training||EdTech|
|Genrobotics||Trivandrum||341,064||Pre-Series A||Unicorn India Ventures||Anand Mahindra, SEA Fund||Hardware||Robotics & Drones|
|Chargebee||Chennai/San Francisco||55 million||Series F||Insight Partners||Tiger Global, Steadview Capital||Software||FinTech|
|Winuall||Bengaluru||2 million||-||Prime Venture Partners, Beenext, Ramakant Sharma||-||Education/Training||EdTech|