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Posts Tagged ‘ Treebo Hotels ’

Exclusive: Last-minute hotel booking startup RoomsTonite shuts down

Wednesday, March 15, 2017 | More »

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RoomsTonite, a mobile app for last-minute hotel bookings, has closed down operations as funds dried up following a failed $1.5 million fundraising bid, two persons familiar with the development told VCCircle. The startup decided to draw the curtain around eight months ago when operating costs began ...

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Expect gross booking value to rise five-fold in two years, says Treebo Hotels’ Gupta

Sidharth Gupta, co-founder of tech-focussed budget hotel chain Treebo Hotels, feels these are great times for the industry as rising incomes, lifestyle changes and digitisation are prompting more middle-class consumers to travel. Gupta had set up Treebo, operated by Ruptub Solutions Pvt. Ltd, in Mar...

14 February, 2017 | More »

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Exclusive: OYO rival Wudstay shuts budget hotel aggregation business

Wudstay Travels Pvt Ltd – which started off as a rival to OYO Rooms – has exited the budget hotel aggregation space, a source close to the development told Techcircle. The company now operates in the PG and hostel segment that it started this year. Wudstay is yet to confirm the development, but ...

13 December, 2016 | More »

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Online hotels aggregator Treebo raises $16.7 mn led by Bertelsmann

Bangalore-based Ruptub Solutions Pvt. Ltd, the operator of online budget hotels aggregator Treebo Hotels, has raised Rs 112 crore ($16.7 million) in its Series B funding round that was led by Bertelsmann India Investments, the strategic investment vehicle of international media company Bertelsmann. ...

22 July, 2016 | More »

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Treebo claims to book 250 rooms a night

Matrix and SAIF Partners-backed Rubtub Solutions Pvt Ltd, which runs an online aggregator for budget hotels called Treebo Hotels, claims to register upto 250 bookings every night in just four months after inception. Sidharth Gupta, co-founder of Treebo, said that the startup has a confirmed inventor...

4 September, 2015 | More »

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Online aggregator for branded budget hotels Treebo raises $6M from Matrix and SAIF

Bangalore-based online startup aggregating budget hotels under a single brand Treebo Hotels has raised $6 million (Rs 38 crore) in its Series A round of funding co-led by Matrix Partners India and SAIF Partners, the company said on Tuesday. The firm will use these funds for expanding its network o...

23 June, 2015 | More »