Mumbai: Budget hospitality chain Treebo Hotels said it has raised $16 million (Rs 118 crore) in its Series D funding round from a clutch of investors led by French hospitality major Accor, even as the Covid-19 pandemic continues to batter the travel and tourism industry. The financing comes nearly nine months after the company raised a bridge round of $6 million from existing investors.

“The software is already operational at a selection of Accor properties and will be rolled out to several others over the next few months,” the company said in a press statement. Budget hospitality chain Treebo Hotels said it has raised $16 million (Rs 118 crore) in its Series D funding round from a clutch of investors led by French hospitality major Accor, even as the Covid-19 pandemic continues to batter the travel and tourism industry.

Treebo Raises $16 Million Series D Funding From Accor And Others

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Treebo Raises $16 Million Series D Funding From Accor And Others

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