For Amit Saberwal, boredom could prove to be worth billions. Mr Saberwal is the founder of RedDoorz, a budget hotels start-up that is shaping up to be south-east Asia’s answer to India’s Oyo — a $5bn venture backed by the SoftBank Vision Fund. In only six years, Oyo has become one of the world’s largest hotel chains by bringing thousands of small, often family-run establishments into one network under a single brand. RedDoorz looks well on its way to replicating that success in its own region.
For Amit Saberwal, boredom could prove to be worth billions. Mr Saberwal is the founder of RedDoorz, a budget hotels start-up that is shaping up to be south-east Asia’s answer to India’s Oyo — a $5bn venture backed by the SoftBank Vision Fund. In only six years, Oyo has become one of the world’s largest hotel chains by bringing thousands of small, often family-run establishments into one network under a single brand. RedDoorz looks well on its way to replicating that success in its own region.
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