Treebo Hotels raises Rs 112 crore in new funding round

The Bangalore-based budget hotels aggregator has raised Rs 112 crore ($16 million) in its Series B round of funding led by Bertelsmann India Investments, with participation from existing investors, SAIF Partners and Matrix Partners India. The company said it plans to use the funding for strengthening its marketing outreach and technology.

The Bangalore-based budget hotels aggregator has raised Rs 112 crore ($16 million) in its Series B round of funding led by Bertelsmann India Investments, with participation from existing investors, SAIF Partners and Matrix Partners India. The company said it plans to use the funding for strengthening its marketing outreach and technology.

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