VC Fund Investments
Budget hospitality chain Treebo raises $16-M from Accor, others
Bengaluru-based budget hospitality chain Treebo Hotels has raised USD 16 million (INR 118 crore) in Series D funding round from a clutch of investors led by French hospitality major Accor. Other participants in the round include Bennett Coleman & Co. Ltd. (BCCL); Deepak Parayanken, deputy managing director of Mozambique Holdings, who invested in his personal capacity; and the company's existing investors Elevation Capital, Matrix Partners, Bertelsmann and Ward Ferry. The investment by Accor is part of a broader partnership it struck with Treebo under which the hospitality company will deploy its cloud-based hotel management software at various Accor hotels worldwide.
From the Venture Intelligence PE-VC Deal Database: Between Jun-15 and Jan-21, Treebo raised over $65-M from Ward Ferry, Bertelsmann India Investments, Matrix Partners India, Elevation Capital, Karst Peak Capital and others.
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