What’s the news?
Treebo Hotels announced the closure of its Series D investment round, whereby it has raised $16 Mn led by Accor, The round also saw participation from Bennett Coleman & Company Limited (BCCL), Deepak Parayanken – Deputy Managing Director of Mozambique Holdings and the company’s existing investors, Elevation Capital, Matrix Partners, Bertelsmann, and Ward Ferry.
More to know
Treebo operates on the tech-enabled manachised model, and has a network of 500+ hotels across 100+ cities working under its brand. The company counts marquee funds like Elevation Capital, Matrix Partners, and Bertelsmann India Investments among its investor base.