Deal Street

September 18, 2017

Treebo Hotels raises $34 mn for hotel network

Treebo Hotels

Treebo Hotels, India’s 3rd largest hotel chain and operates in the budget segment of the hospitality industry, has raised $34 million (Rs. 220 crore) in its Series C funding round led by Hong Kong-based investment firms Ward Ferry Management and Karst Peak Capital.

Treebo operates on a franchise model and emphasizes on tight quality control. As of February 2017, Treebo Hotels operates 250 hotels in 54 Indian cities.

Existing investors SAIF Partners, Matrix Partners India, and Bertelsmann India Investments also participated in the round, an official stated.

Rajaram Legal acted for Treebo Hotels. The team was led by Partner Archana Rajaram along with Senior Prasad Subramanyan.

AZB & Partners advised and the team was led by Partners Sai Krishna Bharathan and Sugandha Asthana along with Senior Associate Vasudha Asher.

Related Post

latest News

  • All 9 petitions challenging Elections Act 2017 accepted: SC

    On November 22, Chief Justice of Pakistan (CJP) Saqib Nisar removed objections by the Supreme Court (SC) registrar on petitions challenging the Electi...

    Read More
  • Indonesia becomes 100th member of the Madrid System

    Indonesia has become the 100th member of the Madrid System for registering and managing trademarks globally. Recently, the Indonesian government depos...

    Read More
  • SC dismisses Singh brothers’ appeal against Daiichi's arbitration award

    Malvinder Singh and Shivinder Singh have run out of legal options in India to avoid paying a Rs 35 billion ($546 million) award to Daiichi Sankyo afte...

    Read More