RedDoorz raises Pre-Series A funding from 500 Startups, to intensify expansion plans

Singapore-based budget accommodation platform RedDoorz  has raised Pre-Series A funding from 500 Startups to intensify its expansion plans in the South East Asia region.

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RedDoorz had also raised funds for its Pre-Series A from Jungle Ventures, a Singapore-based venture firm that invests and helps build tech category leaders in Asia.

“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.

“The hotel industry globally is going through a lot of change and we’re glad to be working with RedDoorz to lead part of this change in a market like Indonesia,” said Khailee Ng, Managing Partner, 500 Startups.

With the new funding from 500 Startups, RedDoorz will intensify its outreach in Indonesia, and introduce its service offering in other tourist and business hubs across SE Asia including Thailand, Singapore and Kuala Lumpur, according to a company press release.

500 Startups is a global venture capital seed fund and startup accelerator. It manages $200 million in assets and has invested in more than 1,300 technology start-ups in more than 50 countries.

RedDoorz is a budget accommodation brand and service provider. It gives budget hotel owners access to expert advice and assistance to standardise their offering and directly distribute online via RedDoorz’s technology platform.

It was launched by Commeasure, a technology platform that helps hotels distribute and manage their digital presence, thereby lowering distribution costs and increasing direct reservations. Since its launch in July 2014, Commeasure has worked with 500+ hotels across India and Asia.

 


Updated Date: Jan 20, 2016 12:28 PM

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