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Budget accommodation startup, RedDoorz, has raised an undisclosed amount of pre-series A round of funding from 500Startups.
The raised funding will be used to intensify outreach in Indonesia. In addition, the founders plan to introduce their service offering in other prominent tourist hubs across South-East Asia including Thailand, Singapore and Kuala Lumpur.
Amit Saberwal, CEO & founder of RedDoorz said, “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.”
Founded by Amit Saberwal and Kumar Asheesh Saxena in July 2015, RedDoorz, is a network of almost 500 standardised accommodation in India and South-East Asia. It provides budget hotel owners access to expert advice and assistance to standardise their offering and directly distribute online via RedDoorz platform.
Prior to this, RedDoorz had raised funding from Jungle Ventures. Other startups operating in this space include OYO Rooms, Zo Rooms, Wudstay, FabHotels, Treebo Hotels and GoStays.
OYO rooms recently launched its operations in Malaysia, marking its foray into the International market.
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