Hotel chain startup Treebo has recently raised ₹10 crore from prominent investors including Vijay Shekhar Sharma, the founder of Paytm, Deepak Parayanken from Mozambique Holdings, and Jaydeep Barman from Rebel Foods, alongside other angel investors.

Expansion of Funding

This infusion of capital comes as part of an ongoing funding round, with Treebo having already secured ₹45 crore from existing investors such as Matrix Partners India, SAIF Partners, Ward Ferry, and Bertelsmann India Investments.

Deepak Parayanken, leading the current funding round, brings significant experience through his family office, which owns five hotels in the US under renowned brands like Holiday Inn and Hyatt.

Optimism and Strategy

Sidharth Gupta, Co-founder of Treebo, expressed enthusiasm about the investment, highlighting investors’ confidence in the company’s long-term potential and robust business fundamentals. He emphasized the value of not just financial support but also the strategic guidance that investors can provide.

Despite challenges posed by the pandemic, Gupta remains optimistic about Treebo’s trajectory towards profitability. He cited substantial improvements in the company’s EBITDA loss, showcasing a 95% year-on-year reduction in February.

Technological Innovation Amidst Adversity

Acknowledging the profound impact of the pandemic on the hospitality industry, Treebo is channeling efforts into technological advancements. The company recognizes the pivotal role of technology in navigating challenges and enhancing guest experiences. This strategic focus aligns with industry trends, with major players like OYO also prioritizing technology-driven solutions across various business segments.

Expanding Reach

Currently operating over 600 hotels across 100 cities in India, Treebo continues its expansion efforts amidst evolving market dynamics. The company’s strategic investments and resilience in the face of adversity underscore its commitment to driving innovation and sustainability in the hospitality sector.