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Treebo Hotels history
Treebo Hotels company history timeline
Treebo Hotels was founded in June 2015 as Zipotel by the IIT Roorkee graduates Sidharth Gupta, Rahul Chaudhary and Kadam Jeet Jain.
In July 2016, Treebo raised a $17 million round of investment.
In August 2017, Treebo raised an additional investment round of $34 million.
Treebo Hotels won the award for the "Best Budget Hotel" category in the Lonely Planet Travel and Lifestyle Leadership Awards 2017.
In May 2018, Treebo made its first acquisition of the online events discovery platform Events High.
In November 2018, Treebo launched three sub-brands (Trip, Trend, Tryst) as part of its new branding strategy.
In 2018, online travel agency MakeMyTrip dropped Treebo from their listings which led to a major hit on their revenues.
The company in July 2019 laid off 100-120 employees following a failed fourth round of investment.
The Hotel Superhero model that launched in August 2019 has already over 300 properties across the country.
In October 2020, Treebo Hotels raised $6 million in its Series C funding round from its existing investors as bridge financing to continue its survival.
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Zippia gives an in-depth look into the details of Treebo Hotels, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Treebo Hotels. The employee data is based on information from people who have self-reported their past or current employments at Treebo Hotels. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Treebo Hotels. The data presented on this page does not represent the view of Treebo Hotels and its employees or that of Zippia.
Treebo Hotels may also be known as or be related to Ruptub Solutions Pvt Ltd and Treebo Hotels.