• Chethan Machaknur

Treebo raises Rs 10 Cr from Paytm's Vijay Shekhar Sharma, Rebel Foods' Jaydeep Barman, Deepak Paraya

Treebo today announced that it has raised Rs 10 Cr from Vijay Shekhar Sharma, Founder and CEO, Paytm; Jaydeep Barman, Co-founder and CEO, Rebel Foods; and Deepak Parayanken, Managing Director of Mozambique Holdings, and others.

Reebo aims to focus on strengthening its defences against the COVID-19 pandemic, which has significantly impacted the travel sector. Through the funding, the team will continue building cutting-edge technology products for its business.

Sidharth Gupta, Co-founder, Treebo said in a press statement, "The belief demonstrated by these investors — all seasoned business professionals themselves — in Treebo despite the current challenging times is precious for us. They are taking a bet on the long-term prospects and the strong fundamentals of the business, which is hugely encouraging. We are excited about not just their capital but also the valuable advice and guidance they can offer."

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