Zo Rooms Raises $30M in Series B
Zo Rooms has successfully raised $30M in a Series B at a $120M valuation led by Nexus Venture Partners, Tiger Global.
Company Overview
Zo Rooms is a Travel company headquartered in Gurgaon, India, founded in 2014 with 300+ employees.
Budget accommodation network
Fundraising Details
- Amount Raised: $30M
- Round Type: Series B
- Valuation: $120M
- Date: 2024-01-18
- Investors: Nexus Venture Partners, Tiger Global
About Zo Rooms
Budget accommodation network The company is positioned in the Travel sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Gurgaon, India
- Founded: 2014
- Team Size: 300+
- Industry: Travel
What This Means
This funding round demonstrates strong investor confidence in Zo Rooms's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Travel sector continues to attract significant investment as companies innovate to meet evolving market demands. Zo Rooms's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $120M valuation marks an important milestone for Zo Rooms, positioning the company among notable players in the Travel industry.
Looking Ahead
With this new capital, Zo Rooms is well-positioned to execute on its growth strategy and continue building innovative solutions in the Travel space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-01-18. For more information about Zo Rooms, visit their headquarters at Gurgaon, India.
