Treebo scores a lifeline; raises $6 Mn from existing investors
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Budget hotel brand Treebo has raised $6 million in a new round from existing backers Matrix Partners India, SAIF Partners, Ward Ferry and Bertelsmann India Investments. The firm will invest the fresh capital in sprucing up technology and strengthening defences against the pandemic. The fresh infusion from existing backers demonstrates their faith in the company’s future potential in extraordinary times like now.