# Red Doorz

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/red-doorz

- Industry: Internet
- Headquarters: Singapore, Singapore
- Website: www.reddoorz.com/
- Total disclosed funding: $156M
- Latest round: Series C (Apr 3, 2024)
- Investors on record: 17

## About

RedDoorz, based in Singapore, is a budget hotel aggregator offering affordable accommodations across Indonesia. Catering to diverse travelers, it aims to provide accessible lodging solutions with modern amenities and comfort.Founded in 2015 in Singapore, RedDoorz specializes in budget hotel accommodations. The company's CEO, Amit Saberwal, along with founders Anggi J. and Kunwar Saxena, has overseen its growth. RedDoorz successfully closed its Series C funding round in 2022, raising USD 28.214 mn from investors including Asia Partners, Jungle Ventures, Mirae Asset Global Investments, and SIG Asia Investment, bringing its total funding to USD 28.214 mn. The company has completed 10 deals to date.RedDoorz primarily offers budget hotel accommodations across Indonesia, providing a comprehensive range of lodging options designed to cater to various types of travelers. Their core offerings include affordable rooms in urban centers and tourist hotspots, featuring modern amenities and comfortable bedding. The company's services are tailored to ensure convenience for families, business travelers, and individual tourists seeking economical lodging solutions. RedDoorz operates an extensive network of properties in key markets such as Jakarta, Yogyakarta, Bali, Surabaya, and Medan, positioning itself as a go-to option for both domestic and international travelers looking to explore Indonesia. The company's mission is to enhance the travel experience by providing accessible and comfortable accommodations, with a focus on proximity to popular attractions, transport hubs, and cultural centers, thereby addressing the needs of cost-conscious consumers.In 2022, RedDoorz reported a revenue of USD 19.896 mn and an EBITDA of USD 27.920 mn. The company generates revenue through direct bookings on its online platform and mobile application, offering competitive pricing and a loyalty program called RedClub. This model allows customers to reserve rooms at various properties, often at discounted rates, and benefits from partnerships with property owners for a broad selection of accommodations.RedDoorz plans to utilize its recent funding to support its expansion strategy. The company aims to launch new product offerings designed to enhance guest experiences while exploring opportunities in additional markets within Southeast Asia. The upcoming initiatives may include the introduction of specialized lodging options targeting business travelers and families, with specific timelines to be announced in the coming quarters. Furthermore, RedDoorz is looking to strengthen its market presence in regions beyond Indonesia, leveraging funding for operational enhancements and marketing efforts.

## Funding rounds

- Series C, Apr 3, 2024, $28M — Mirae Asset Global Investments, SIG Asia Investment, Jungle Ventures, Asia Partners
- Series C, Oct 4, 2019, $70M — Mirae Asset Global Investments, Qiming Venture Partners, Jungle Ventures, Rakuten Capital, [DUP] International Finance Corporation, GWC, Asia Partners
- Series B, Mar 15, 2019, $43M — Qiming Venture Partners, SIG Asia Investment, PT Media Nusantara Citra, Jungle Ventures, Hendale Capital, [DUP] International Finance Corporation, Tremont Capital Ventures, Calatrava Capital Management Pte Ltd, Aurora Partners
- Series A, Mar 26, 2018, $15M — Vietnam Investments Group, SIG Asia Investment, 500 Global, Jungle Ventures, Hendale Capital, [DUP] International Finance Corporation, Deep Sky Capital, Tremont Capital Ventures, Calatrava Capital Management Pte Ltd, FengHe Group
- Seed, Apr 13, 2015, $1M — Jungle Ventures

## Investors

- Jungle Ventures (https://capitalatlas.ai/funds/jungle-ventures) — Seed, Series A, Series B, Series C
- Vietnam Investments Group (https://capitalatlas.ai/funds/vietnam-investments-group) — Series A
- SIG Asia Investment (https://capitalatlas.ai/funds/sig-asia-investment) — Series A, Series B, Series C
- 500 Global (https://capitalatlas.ai/funds/500-global) — Series A
- Hendale Capital (https://capitalatlas.ai/funds/hendale-capital) — Series A, Series B
- [DUP] International Finance Corporation — Series A, Series B, Series C
- Deep Sky Capital — Series A
- Tremont Capital Ventures (https://capitalatlas.ai/funds/tremont-capital-ventures) — Series A, Series B
- Calatrava Capital Management Pte Ltd — Series A, Series B
- FengHe Group — Series A
- Qiming Venture Partners (https://capitalatlas.ai/funds/qiming-venture-partners) — Series B, Series C
- PT Media Nusantara Citra — Series B
- Aurora Partners (https://capitalatlas.ai/funds/aurora-partners) — Series B
- Mirae Asset Global Investments (https://capitalatlas.ai/funds/mirae-asset-global-investments) — Series C
- Rakuten Capital (https://capitalatlas.ai/funds/rakuten-capital) — Series C
- GWC — Series C
- Asia Partners (https://capitalatlas.ai/funds/asia-partners) — Series C