RedDoorz Eyes IPO to Build Southeast Asia's Largest Hospitality Firm

Southeast Asian online hotel management and booking platform RedDoorz has its sights set on IPO – but it has a lot of steps to clear first.  

While the Indian IPO market is currently thriving, the global public markets are less favorable, RedDoorz founder and CEO Amit Saberwal told Skift. "We plan to build and grow the business before setting a concrete timeline, but I hope we can achieve this within the next three years," he said.

The company aims for at least $65 to $70 million in revenue to be in a strong position for an IPO.

While the company did not disclose its exact financials, RedDoorz was ranked 96th in the Straits Times and Statista’s 2024 list of Singapore’s top 100 fastest-growing companies, with 2022 revenues estimated at SGD 28.3 million ($20.9 million).

RedDoorz secured $70 million in a Series C funding round in August 2019, following a $45 million Series B round th