Budget hotel booking service Treebo is reportedly in talks with Bertelsmann India Investments over participation in a round set to be sized between $20m and $25m.
India-based hotel accommodation booking platform Treebo Hotel has entered talks with Bertelsmann India Investments, the corporate venturing subsidiary of Germany-headquartered media group Bertelsmann to invest in its next funding round, DealStreetAsia reported yesterday.
The company will look to raise between $20m and $25m in the round, which will also include existing backers SAIF Partners and Matrix Partners, a person aware of the development told DealStreetAsia.
Treebo operates an online budget hotel booking service that partners small hotels and rebrands them…
