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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 РDeputy 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.

By Amit

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