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Holding Company
asiapacificinternetgroup.com

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Investments

11

Portfolio Exits

2

About Asia Pacific Internet Group

Asia Pacific Internet Group (APACIG) acts as a start-up incubator in the Asian e-commerce market. Its network consists of 10 companies operating in 15 countries. APACIG was established by Rocket Internet and Ooredoo in 2014.

Asia Pacific Internet Group Headquarter Location

#02-12, Odeon Towers @District6 331 North Bridge Road

188720,

Singapore

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Latest Asia Pacific Internet Group News

ZEN Rooms raises Series A funding of $4.1 million to expand its business in Southeast Asia

Jul 29, 2020

ZEN Rooms, one of the leading online budget hotels aggregator in Southeast Asia, has raised a $4.1 million in Series A round of funding from investors Redbadge Pacific, the Asia-Pacific arm of US-based VC firm RedBadge and SBI Investment Korea. Along with them, Asia Pacific Internet Group, which participated in the company’s previous funding round, has also joined this round. With this investment in the company, ZEN Rooms’s total equity financing to date has now touched $8 million. ADVERTISEMENT ZenRooms is a hotel booking platform for price-conscious travelers, and is a part of Rocket Internet. Like other Rocket Internet companies, ZenRooms replicates a proven business model—in this case, Oyo’s. The company is expected to avoid competing directly with Oyo by launching in different countries. At present, the company has started its operations in Indonesia, Thailand, and Singapore. The company’s co-founder and global managing director Kiren Tanna states that eventually, ZenRooms will become “the biggest budget hotel brand network in Southeast Asia”. He was previously chief executive officer at Foodpanda, a restaurant delivery platform backed by Rocket Internet. Commenting about the funding round, Kiren Tanna said, “This funding round is now an important milestone to consolidate our early leadership and launch more features to modern temporary budget accommodation in Southeast Asia.” He further said, “we founded ZEN in 2015 to put an end to widespread, unreliable low-cost stays in Indonesia. Since then, we have become the top-rated budget accommodation franchise in the region and expanded to eight countries.” He adds that they are bringing much-needed customer-centric innovation with the likes of pay-at-hotel, self check-in kiosks, and more in the pipeline. The company is now also managing all their rooms on commercial and ops processes including data-driven pricing, distribution and corporate sales, something that many independent hotels are not able to do themselves. Zen Rooms works on revenue sharing model by partnering with the hotels. Beyond adding its branding and providing the means to market its rooms, it offers some standards facilities like free Wi-Fi, working air conditioning, clean towels and bedding and a concierge smartphone app. The above-mentioned facilities are very basic in any hotel. The main advantage of the ZenRooms is that it has around 1,000 properties which make its network more manageable and allows more direct relationships. Zen Rooms — which has around 100 staff — is looking to expand beyond its current markets, with countries such as Vietnam, Laos and Myanmar among its potential new outposts. The company is also planning to raise a Series B funding round by the end of this year. In order to expand its business at such rapid pace into new countries, it will certainly need much financial resources. To give you context, Oyo Rooms — India’s largest network of hotels, has raised more than $187 million so far. It is currently operating in Indian and Malaysia. Share this:

Asia Pacific Internet Group Investments

11 Investments

Asia Pacific Internet Group has made 11 investments. Their latest investment was in Carmudi as part of their Series C on January 1, 2018.

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Asia Pacific Internet Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/23/2018

Series C

Carmudi

$10M

No

2

4/12/2017

Series A

ZEN Rooms Hospitality

$4.1M

Yes

2

3/16/2017

Series C

Helpling

$10.74M

Yes

9

8/29/2016

Series A

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$99M

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10

2/3/2016

Series C

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$99M

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10

Date

1/23/2018

4/12/2017

3/16/2017

8/29/2016

2/3/2016

Round

Series C

Series A

Series C

Series A

Series C

Company

Carmudi

ZEN Rooms Hospitality

Helpling

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Amount

$10M

$4.1M

$10.74M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

2

2

9

10

10

Asia Pacific Internet Group Portfolio Exits

2 Portfolio Exits

Asia Pacific Internet Group has 2 portfolio exits. Their latest portfolio exit was Lamudi on April 10, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/10/2019

Acquired

1

00/00/0000

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10

Date

4/10/2019

00/00/0000

Exit

Acquired

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Companies

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Valuation

Acquirer

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Sources

1

10

Asia Pacific Internet Group Acquisitions

1 Acquisition

Asia Pacific Internet Group acquired 1 company. Their latest acquisition was ZEN Rooms Hospitality on October 16, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/16/2019

Secondary Market

$20.1M

Shareholder Liquidity

6

Date

10/16/2019

Investment Stage

Secondary Market

Companies

Valuation

Total Funding

$20.1M

Note

Shareholder Liquidity

Sources

6

Asia Pacific Internet Group Team

2 Team Members

Asia Pacific Internet Group has 2 team members, including current Chief Executive Officer, Hanno Stegmann.

Name

Work History

Title

Status

Hanno Stegmann

Chief Executive Officer

Current

Kiren Tanna

Chief Executive Officer

Current

Name

Hanno Stegmann

Kiren Tanna

Work History

Title

Chief Executive Officer

Chief Executive Officer

Status

Current

Current

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