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.
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.
“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,” said Amit Saberwal, CEO & Founder, RedDoorz.
“The hotel industry globally is going through a lot of change and we’re glad to be working with RedDoorz to lead part of this change in a market like Indonesia,” said Khailee Ng, Managing Partner, 500 Startups.
500 Startups is a global venture capital seed fund and startup accelerator. It manages $200 million in assets and has invested in more than 1,300 technology start-ups in more than 50 countries.
Prior to this RedDoorz had raised funding from Jungle Ventures.