Places to go in Indonesia to get your startup, started!
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.
Thought I would check this one out
I see this a lot – companies either continually raising from angels or even putting together large seed size rounds made up of angels.
Angel rounds are not bad but do one and then get to the institutional round.