SG-based hospitality firm Zuzu bags $5.9m series B extension round

Singapore-based Zuzu Hospitality has raised US$5.9 million in a series B-extension round from Wavemaker Growth, existing investors Velocity Ventures and Vulpes Ventures, and new investor Latin Leap.

Zuzu plans to use the new funding to accelerate product development, expand its data capabilities, and reach more independent hotels.

Zuzu is headquartered in Singapore and operates in India, Indonesia, Malaysia, the Philippines, Thailand, and Vietnam.

The company operates a revenue management and distribution platform for independent hotels across Southeast Asia and India.

RevMate uses data from over 3,000 hotels to automate pricing and distribution strategies.

Zuzu said this technology aims to help independent hotels compete with larger chains by optimizing revenue management.