Treebo raises $6M; to invest in technology, and strengthening defences against the pandemic
Treebo Hotels has announced that it has raised $6 Million (Rs 45 Cr) in a new round of investment from its existing investors. Matrix Partners India, SAIF Partners, Ward Ferry, and Bertelsmann India Investments participated in this round. The investment will help the company strengthen its defences against the COVID19 pandemic, which has had a severe impact on the economy, especially the travel sector. The company said that it would also use this money to continue building cutting-edge technology products for its business. Treebo is one of the very few companies around the world in the travel space that have been able to attract investment despite the onslaught of COVID. Commenting on the fundraise, Sidharth Gupta, co-founder of Treebo said, “Before the pandemic unfolded, Tre...
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