RedDoorz operates a network of budget hotels. Recent regulatory filings show the company issued shares worth $28.2 million to convertible note holders. The issuance converted outstanding convertible notes into equity shares. Named recipients included Asia Partners, Jungle Ventures, Mirae Asset‑Naver Asia Growth Fund, SIG Venture Capital and others. The filings did not disclose operating metrics or further strategic details. RedDoorz operates a marketplace selling access to budget hotels (two-star, three-star and below) across Southeast Asia. The four-year-old, Singapore-based startup currently has 1,400 hotels on its network and plans to grow to 2,000 by year-end. It operates in 80 cities across Indonesia, Singapore, the Philippines and Vietnam and says it will focus expansion within those four markets for at least the next year. RedDoorz recently raised follow-on funding and plans to use capital to expand its hotel network and broaden its technology infrastructure, including building a second engineering hub in Vietnam (its regional tech hub is based in India). CEO Amit Saberwal, a former MakeMyTrip executive, frames the growth as necessary to compete with larger rivals like Oyo and to scale the business toward eventual public listing. RedDoorz operates a branded network of budget hotels across Southeast Asia, standardizing guesthouse-style rooms under the RedDoorz brand to guarantee basics like clean sheets, towels, internet and breakfast. The platform lets small hotel owners access bookings via RedDoorz’s website and Android app while the company also manages leased properties where it runs day-to-day operations. Technology is developed out of India and includes an AI-based dynamic pricing system to help owners set rates by demand, inventory and time of day. The three-year-old company claims about 500 properties in Indonesia and a total of 3,000 rooms across 16 cities, with roughly 80% of bookings made within 72 hours and 65–70% from returning customers. RedDoorz began in Indonesia and has expanded into the Philippines and Singapore (including a leased property in Marine Parade) and plans to go deeper in existing markets and enter Thailand. The company has signaled interest in M&A opportunities and is bringing on senior hires to be "Series B ready." RedDoorz operates an online booking platform focused on budget hotels. The company is based in Singapore. The article reports a recent financing event in which RedDoorz raised $1 million in venture debt. The debt was provided by InnoVen Capital. InnoVen Capital is described as a venture lending firm backed by Temasek Holdings and United Overseas Bank. The article does not disclose additional operational metrics, revenue figures, or future plans. RedDoorz partners with hotels and guest houses to resell rooms while promising a consistent 'RedDoorz approved' stay. The offering emphasizes standard amenities such as free WiFi, satellite TV and quality linen, plus a concierge service and 24-hour customer assistance. The service is mobile-first, with about 70% of bookings coming from mobile devices. The company launched in Indonesia in July 2015 and had expanded to around 200 properties across the country. TechCrunch reports RedDoorz raised SG$2 million (around $1.4 million) in fresh funding described as pre-Series A. CEO and founder Amit Saberwal (formerly chief product officer at MakeMyTrip) said the company will use the funding to expand into Thailand, Malaysia and the Philippines and is exploring Singapore; the article contrasts RedDoorz's standardization focus with competitors and alternatives like OYO Rooms, Zenrooms, Nida Rooms and Airbnb.

Total raised

$112M

Funding rounds

5

Latest round

Equity

Latest activity

Apr 2024