With its ongoing third round of funding Hong Kong based hedge fund Ward Ferry is about to pick up a stake in online budget hotel Treebo.

 

Ward Ferry and its shares

Ward Ferry also holds stakes in Chinese budget hotel chain Huazhu Hotels Group and India’s largest online travel agent MakeMyTrip.

The Disclosed Info

Sources revealed that it is in advanced stage of the deal with Ward Ferry who is looking to invest $20 million into the company. Treebo is also looking for a co-investor who could participate in the round with an additional amount of $10 million.
For this, the company has been in discussions with Fosun, an investor in travel marketplaces Ixigo and MakeMyTrip.

About Treebo

Treebo, founded in 2015, currently has 6,000 rooms and over 250 properties across 50 major cities

It works on a full inventory model of selecting hotel properties, prescribing quality standards and providing staff training for hotel operators.

Leave a Reply

EXPLORE THE LATEST

EXPLORE THE LATEST

That answer every ifs and buts of digital marketing

Stay ahead with deeper understanding of the trends and up-to-date marketing tactics; all tried & tested in the ever-growing digital space.

EXPLORE THE LATEST

Who, What, When,

Where, Why, & How around the Globe

Stay on top of your game with local, national, & international affairs that have an impact in one way or another.

Looking to
Achieve your Goals?

Let us help you
get there!

We're a digital agency focused on
creative and results-driven solutions.

Start With
Submit Form Below