Also Read: Treebo Hotels in talks with Bertelsmann India to raise fundsTreebo (Ruptub Solutions Pvt. New Delhi: Bengaluru-based Treebo Hotels, a budget hotel room-booking platform, on Friday said it has raised Rs.112 crore in its Series B funding round led by Bertelsmann India Investments (BII), the strategic investment arm of German media conglomerate Bertelsmann SE and Co. KGaA. In June 2015, Treebo raised $6 million from SAIF Partners and Matrix Partners. We invest heavily in technology, analytics, quality control and staff training to help our hotel partners,” said Sidharth Gupta, co-founder, Treebo. The funding round also saw participation from existing investors SAIF Partners and Matrix Partners India.

Source: Mint July 22, 2016 05:33 UTC