India’s Treebo raises $34M for its budget hotel network

Treebo Hotels, one of the most prominent members of India’s emerging budget hotel networks, has closed a $34 million Series C round. The deal was led by new backers Ward Ferry Management and Karst Peak Capital, two Hong Kong PE firms, with participation from existing investors SAIF Partners, Matrix Partners India and Bertelsmann India Investments. Before this deal, two-year-old Treebo… Read More...