Company Name : RedDoorz
Funding Amount : Undisclosed
Investor(s) 500 Startups
Funding Round : Pre-Series A
South East Asia focused RedDoorz has raised Pre Series A funding from 500 Startups to intensify its expansion plans in the South East Asia region.
RedDoorz is a asset light budget accommodation brand and service offering. It provides budget hotel owners access to expert advice and assistance to standardize their offering and directly distribute online via RedDoorz technology platform.
RedDoorz launched in Indonesia three months ago and has signed on 200+ budget hotels as customers. With the new funding, RedDoorz will intensify its outreach in Indonesia, as it in parallel introduces its service offering in other prominent tourist and business hubs across South East Asia including Thailand, Singapore and Kuala Lumpur.
“We are thrilled to be part of the 500 Startups global community and network and are confident that with their support we will be able to rapidly expand the RedDoorz offering across a market that is ripe for transformation,” said Amit Saberwal, CEO & Founder, RedDoorz.
RedDoorz had earlier raised funding from Jungle Ventures.