RedDoorz raises $70M to expand its budget hotel network in Southeast Asia

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Singapore-based budget hotel booking startup RedDoorz is tiny in comparison to fast-growing giant Oyo. But it is holding its ground and winning the trust of an ever growing number of investors.

On Monday, the four-year-old startup announced it has raised $ 70 million in Series C financing round, less than five months after it closed its $ 45 million Series B. The new round, which is ongoing, was led by Asia Partners and saw participation from new investors Rakuten Capital and Mirae Asset-Naver Asia Growth Fund.

The startup, which ha…
Read more here: Apps – TechCrunch

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