Singapore VC-backed hotel chain gains $15m strategic investment
Zen Rooms, a budget hotel operator and online booking platform based in Singapore, has raised a $15 million from Korean online-to-offline (O2O) local services platform Yanolja.
Yanolja will take a significant minority stake in Zen, according to a release, with the right to acquire 100% of the company in the future. Zen will use the new capital to expand its hotel room inventory...
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