Less than a month old Tinggal, a budget hotel networks startup from Indonesia, recently raised $1 million in funding. The financing was led by the same investors who backed India-based Wudstay, also a budget hotel network founded in 2015. These VC firms are Nimbuzz CEO Vikas Saxena, Mangrove Capital and Simile Venture.
However, Saxena has made clear that Tinggal is an independent company. “But what’s quite obvious is that we’ve taken advantage of a strong technology backbone [via Wudstay] in India,” Saxena said on an interview. “A lot of early efforts [from rival companies in Indonesia] went into building the tech and understanding the market, we come with a level of that already to some degree.”
Tinggal lists rooms priced around $17 for travelers on a budget. However, they also have an elite option for rooms priced over $60 per night.
Tinggal plans to expand to other major cities in Indonesia within this year. Currently it has 35 hotels on its network.
Source: techcrunch
