Bengaluru, Aug. 19 -- RedDoorz, a hotel management and booking platform, on Monday said it raised $70 million in its latest round of funding led by Partners, a Singapore-based growth equity firm. Rakuten Capital and Mirae Asset-Naver Asia Growth Fund, joined the round. The company's existing investors Qiming Venture Partners and International Finance Corporation (IFC) also participated in the round.

This round is the first close of a larger Series C funding, the company said in a statement. The startup's Series C investment follows shortly after RedDoorz announced its Series B funding of $45 million in April 2019. The new funding brings the total amount of funds raised by the company to approximately $140 million since its launch in 2015...