JAKARTA -- RedDoorz, a Singapore-based hotel startup focused on Southeast Asia, has raised $70 million from investors, including Japanese e-commerce leader Rakuten, as it gears up to take on Indian rival Oyo, which is fast expanding in the region.
Business deals
Singapore's RedDoorz hotel chain raises $70m as Rakuten jumps in
Japanese e-commerce group opens new front in its battle with SoftBank
RedDoorz holds its independent hotel owners to common standards such as clean linens for guests, and offers them economies of scale in return. (Photo by Rie Ishii)
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