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Treebo Hotels gets $3 Mn cash rescue from existing investors

Shortpedia

Content Team

Bengaluru-based budget hotel chain Treebo Hotels has raised INR 22.50 Cr (nearly $3 Mn) Series D funding from existing investors Bertelsmann SE & Co, Matrix Partners India and SAIF Partners India. Prior to this, the company had raised INR 220 Cr ($34 Mn) in Series C funding round from Hong Kong-based investment firms Ward Ferry Management and Karst Peak Capital.