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Treebo Hotels closes $16 Mn in Series D round led by Accor

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.

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