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Online hotel aggregator Treebo Hotels secures Series C funding

Treebo Hotels, a Bangalore-based online budget hotel aggregator has raised $34 Million (Rs 220 crore) in its Series C funding round led by Hong Kong-based investment firms Ward Ferry Management and Karst Peak Capital. Existing investors, SAIF Partners, Matrix Partners India, and Bertelsmann India Investments also participated in the round. Treebo said in a statement that it will invest the fresh funds into enhancing customer experience, building a stronger brand, strengthening its technology team, and expanding its footprint in existing and new cities. The platform currently has close to 300 franchisees operating under its brand across in about 50 cities. Treebo’s previous funding With this round the company has raised a total of $57M in three rounds from multiple investors: Series B: -In July last year, Treebo secured funding of Rs 112 crore (~$16.7M)  and said that it will use…

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