REDDOORZ SINGAPORE AN OYO WITH SINGAPOREAN CHARACTERISTICS
Money Raised: Close to $20 million Headline Investors: Jungle Ventures, Susquehanna International Group and InnoVen Capital
Skift Take: Launched in 2015, RedDoorz is a network of budget branded lodging, with more than 500 properties primarily in Indonesia but also in Singapore and the Philippines. Yes, the company is mimicking a model that others pioneered in India. But we bet that its executives, led by co-founder and CEO Amit Saberwal, have the rare skills needed to lead their team of 180 workers in fending off looming competition from Chinese-owned budget hotels.