Chaudhary’s Treebo is backed by Matrix Partners along with other VC firms including Elevation Capital, and Bertelsmann India.
Treebo which had been fighting a battle with online travel agency (OTA) MakeMyTrip also got a boost from a Competition Commission of India directive that allowed Treebo and its rival FabHotels to relist their properties on the OTA in March.
The chief of the legacy brand, CG Corp Global, Nepal’s first and only Forbes-listed company and CG Hospitality Holdings, is right in the thick of things as the hospitality and travel industries grapple with issues of how to sustain business in a tricky market that will likely take over a year to revive.
The three college friends Siddharth Gupta, Rahul Chaudhary and Kadam Jeet Jain decided to quit and to create a solution to address the poor quality of budget hotels in India.