[Funding Alert] Treebo Raises INR 10 Cr In Funding Led By Mozambique Holdings The startup offers an integrated, cloud-based hotel management software to independent hotels and chains

By Prabhjeet Bhatla

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pixabay

Treebo Hotels on Tuesday announced it has raised INR 10 crore in a funding round led by Mozambique Holdings managing director Deepak Parayanken with a group of angel investors including Paytm founder and chief executive officer Vijay Shekhar Sharma and Faasos co-founder and chief executive officer Jaydeep Barman. This investment comes close on the heels of an investment of INR 45 crore raised by the company recently from existing investors.

"As investors in the hospitality and real estate space ourselves, we understand the role that technology and a good brand play in the success of any hospitality business. Treebo has developed strong capabilities in both these areas. That's what attracted us towards the company. Their hotel management software, Hotel Superhero, is something that hotels of all sizes and shapes across the world can benefit from. Their unique playbook of providing quality assurance to customers and better monetization to hotel owners in the budget segment is also something that has global potential," said Parayanken.

The startup has recently launched a SaaS business called Hotel Superhero under which it offers an integrated, cloud-based hotel management software to independent hotels and chains.

"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," said Treebo co-founder Sidharth Gupta, commenting on the investment.

The company is running a program called Treebo Hygiene Shield to tighten its safety protocols in the face of COVID-19. All operational hotels of the company are regularly audited on their compliance with COVID-19 related safety standards and are accordingly given a gold or platinum hygiene shield rating on its website.

Prabhjeet Bhatla

Former Staff

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Related Topics

Science & Technology

The 'Mother of All Breaches' Just Happened — Here's the Security Implications for Businesses

If your business exists online, chances are some percent of your customers' data got leaked in what cybersecurity specialists boldly labeled as the "mother of all breaches" (MOAB).

Business News

Airbnb Renter Discovers Hidden Door, Says Police Confirm There's a Secret Unit Upstairs With 'Surveillance': 'A Terrifying Experience'

One bride-to-be was in for a not-so-welcome surprise when she discovered a secret door in her Airbnb rental.

Business News

The Owner of a Popular Boston Restaurant Is Under Fire After Direct Messaging, Berating a Customer Who Disputed $250 Cancelation Fee

New York-based traveler Trevor Chauvin-DeCaro was set to dine at Table in Boston's North End last month.

Business News

Apple Cancels Its 10-Year Electric Car Project, Moves Some Employees to AI Division

Apple has remained quiet about its autonomous and electric vehicle development for a decade, though it took its EVs for many test drives last year.

Starting a Business

4 Hard Truths You Must Accept to Become Successful

As you buckle up for entrepreneurship, remember – it's not just a journey but an epic adventure towards enduring achievement in the dynamic business world.