Exclusive: Last-minute hotel booking startup RoomsTonite shuts down

Close-free2RoomsTonite, a mobile app for last-minute hotel bookings, has closed down operations as funds dried up following a failed $1.5 million fundraising bid, two persons familiar with the development told VCCircle. The startup decided to draw the curtain around eight months ago when operating costs began to get out of control. Its mobile application is […]

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Expect gross booking value to rise five-fold in two years, says Treebo Hotels’ Gupta

Sidharth-Gupta_01_feSidharth Gupta, co-founder of tech-focussed budget hotel chain Treebo Hotels, feels these are great times for the industry as rising incomes, lifestyle changes and digitisation are prompting more middle-class consumers to travel. Gupta had set up Treebo, operated by Ruptub Solutions Pvt. Ltd, in March 2015 along with Rahul Chaudhary and Kadam Jeet Jain. He […]

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Exclusive: OYO rival Wudstay shuts budget hotel aggregation business

For-Wudstay-Story-TC_ThinkstockPhotos-509042004Wudstay Travels Pvt Ltd – which started off as a rival to OYO Rooms – has exited the budget hotel aggregation space, a source close to the development told Techcircle. The company now operates in the PG and hostel segment that it started this year. Wudstay is yet to confirm the development, but the company’s […]

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Treebo claims to book 250 rooms a night

Matrix and SAIF Partners-backed Rubtub Solutions Pvt Ltd, which runs an online aggregator for budget hotels called Treebo Hotels, claims to register upto 250 bookings every night in just four months after inception. Sidharth Gupta, co-founder of Treebo, said that the startup has a confirmed inventory of 400 rooms with an occupancy rate of 60-65 […]

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Online aggregator for branded budget hotels Treebo raises $6M from Matrix and SAIF

Bangalore-based online startup aggregating budget hotels under a single brand Treebo Hotels has raised $6 million (Rs 38 crore) in its Series A round of funding co-led by Matrix Partners India and SAIF Partners, the company said on Tuesday. The firm will use these funds for expanding its network of hotels, developing technology and hiring top talent. […]

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