ZenRoomsattracts$4.1millionSeriesA

Budget hotels in southeast Asia continue to attract investor interest, with Zen Rooms the latest to secure funding in a USD 4.1 million Series A round.

The news has been widely reported, with Zen Rooms sharing the coverage via its official Facebook and Twitter feeds.

The Series A has been led by two South Korea-based investors Red Badge Pacific and the regional office of Japan’s SBI Group. Zen Rooms was founded in 2015 by Asia Pacific Internet Group, a joint venture between German incubator Rocket Internet and Qatar-based telecoms firm Oreedoo.