reddoorz

The fast-fashion giant is just one company in the expanding list of those eyeing Asia as their IPO destination of choice.

This comes as it aims to raise between US$50 million and US$100 million to fund an expansion strategy centered on acquisitions across the Asia-Pacific.

The term “company-operated” means RedDoorz will be operating and managing the properties under its brand on behalf of their actual owners.

Since its launch, Sans hotels have recorded over 1.3 million nights booked across 35 Indonesian cities.

More: Hospitality brand RedDoorz taps into its strengths to score a profit and home finance firm Nivara gets fresh funding.

RedDoorz is targeting revenue growth of up to 40% in 2025 ahead of a planned IPO.

We look at the fresh investment for hospitality firm RedDoorz after it hit a cash flow milestone and Indian cybersecurity firm Sprinto’s series B fundraise.

The company secured the new capital from Asia Partners, Mirae Asset Venture Investment, and other investors, according to Alternatives.pe data.

The hospitality firm is consolidating its business to focus on Indonesia and the Philippines, which contribute about 95% of its annual revenue.

This week On the Rise looks at Doctor Anywhere’s plans to double revenue, RedDoorz’s ideas on cost optimization, and an employee’s unsavory exit.