Budget hotels in southeast Asia continue to attract investor interest, with Zen Rooms the latest to secure funding in a USD 4.1 million Series A round.
The news has been widely reported, with Zen Rooms sharing the coverage via its official Facebook and Twitter feeds.
The Series A has been led by two South Korea-based investors Red Badge Pacific and the regional office of Japan’s SBI Group. Zen Rooms was founded in 2015 by Asia Pacific Internet Group, a joint venture between German incubator Rocket Internet and Qatar-based telecoms firm Oreedoo.
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