Treebo Hotels raised $3 mn from Existing Investors

Budget hotel chain Treebo Hotels raised INR 22.50 Cr (nearly $3 Mn) Series D funding from existing investors Bertelsmann SE & Co, Matrix Partners India and SAIF Partners India.Treebo has over 500 hotels and over 10K rooms across more than 95 cities. 

Treebo Hotel’s parent company Ruptub Solutions Private Limited has allocated 1,878 Series D1 Cumulative Convertible Preference Share (CCPS) at a nominal amount of INR 100 per security at a  premium of INR 1,19,752.99 to three allottees leading up to INR 22,50,83,915. Bertelsmann Nederland BV, Matrix Partners India and SAIF Partners India has bought 626 stake each for INR 7.50 Cr.

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