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RedDoorz raises $70M to expand its budget hotel network in Southeast Asia – TechCrunch



Singapore-based budget hotel booking startup RedDoorz is tiny in comparison to fast-growing giant Oyo. But it is holding its ground and winning the trust of an ever growing number of investors.

On Monday, the four-year-old startup announced it has raised $70 million in Series C financing round, less than five months after it closed its $45 million Series B. The new round, which is ongoing, was led by Asia Partners and saw participation from new investors Rakuten Capital and Mirae Asset-Naver Asia Growth Fund.

The startup, which has raised $140 million to date, has been seeing “tremendous interest from investors, so it is decided to do a back-to-back rounds,” said Amit Saberwal, founder and CEO of RedDoorz, in an interview with TechCrunch.

Regardless, the new funds will help RedDoorz fight SoftBank-backed Oyo, which is already aggressively expanding to new markets. Oyo currently operates in more than 80 nations.

Saberwal isn’t necessarily threatened by Oyo, on the contrary, he sees Oyo’s success as a testament that there is room for more players to be in the space. He is confident that RedDoorz is “on the right track to create the next tech unicorn in Southeast Asia,” and trade in public exchange in the next two to three years.

RedDoorz operates a marketplace of “two-star, three-star and below” budget hotels, selling access to rooms to people. Currently it has 1,400 hotels on its network, said Saberwal. By the end of the year, the startup aims to grow this number to 2,000.

The startup operates in 80 cities across Indonesia, Singapore, the Philippines and Vietnam, and plans to use the new capital to expand its network in its existing markets, said Saberwal. At least for the next one year, RedDoorz has no plans to expand beyond the four markets where it currently operates, he said.

“Anything in the accommodation is our playground. We have all kinds of properties. We have three-star hotels, some hostels, so we will continue to go deeper and wider moving forward,” Saberwal, a former top executive at India’s travel giant MakeMyTrip, said.

It’s a great combination: Making the ubiquity of typically unorganized local guesthouse-style rooms with the more organized and efficient — but pricier — hotel option.

Some of the new capital will also go into broadening RedDoorz’s tech infrastructure, building a second engineering hub in Vietnam. (RedDoorz’s current regional tech hub is based in India.)

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OnePlus 9 reveal event with Hasselblad confirmed – but there’s a shadow hanging over it



Those of you looking for more information on the OnePlus 9 line of devices will want to mark your calendars for later this month, as OnePlus has announced when it will reveal more about the phones. In addition to confirming the OnePlus 9 event reveal date, OnePlus also announced a new three-year partnership with Hasselblad that will presumably bolster the cameras on OnePlus phones.

OnePlus has set its OnePlus 9 reveal event for March 23rd, 2021 – just over two weeks from today. The teaser OnePlus shared today on Twitter suggests that the team up with Hasselblad will be a major focus of the event – as one would expect – so if you’ve used OnePlus phones in the past and found the camera quality to be lacking, this event could be worth tuning into.

As always, we’re expecting OnePlus to reveal multiple phones in the OnePlus 9 lineup, and today’s teaser also seemingly confirms that those phones will support 5G. Beyond those tidbits of information, we don’t have any official details on what the OnePlus 9 series will offer. Of course, there have been plenty of leaks about the OnePlus 9 – some of which outed the Hasselblad partnership before it was formally announced – so we might be able to get an idea of what to expect from those.

OnePlus may not be alone in hosting a device reveal event on March 23rd. Earlier today, we heard a rumor that claimed Apple is also plotting a reveal event of its own for March 23rd, and while we’re not necessarily expecting Apple to reveal new phones (those typically come in the fall), OnePlus may not like having to compete for eyeballs.

We’ll see if that Apple event is indeed confirmed for the 23rd and, if it is, whether or not OnePlus has any kind of response to that. Otherwise, be sure to check back here on the 23rd for all you need to know from the OnePlus 9 reveal event.

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Tesla is secretly preparing to switch on a huge mega battery in Texas



Tesla has secretly constructed a huge battery facility in Texas, part of what appears to be an attempt to add power storage to the state pummeled with bad weather in February. Texas’ electric grid was reportedly hours from collapse at one point, as freezing temperatures saw electricity demand soar and rolling outages take vast swathes of the state offline for days.

It proved to be a wake-up call for energy provisions in Texas, especially as power companies began passing on ridiculously high peak charges to customers. Electricity bills in the tens or hundreds of thousands of dollars were reported by some, as power companies found themselves relying on suddenly extortionately expensive natural gas and other energy sources.

Tesla has long positioned its stationary power products as being ideal for situations like those. Exponentially larger than the battery packs found in Tesla vehicles, the units act as a temporary store for electricity. Much as a Tesla Powerwall can save power in a domestic environment – whether from solar or cheaply off-peak from the grid – when it’s plentiful, and then supply it again during outages or periods of peak pricing, Tesla Energy’s large scale installations could do the same for towns or even cities.

Several such projects were known to be underway – including in Los Angeles, CA, and in South Australia – but a new installation has been spotted in Texas. Registered as Gambit Energy Storage LLC, Bloomberg reports, the Tesla Subsidiary is located in Angleton, roughly 40 miles south of Houston. It’s positioned next to a Texas-New Mexico Power substation.

The facility is equipped with more than 100 megawatts of storage, it’s said. Bloomberg estimates that an installation of that size could keep around 20,000 average homes powered up “on a hot summer day.”

According to Ercot, the Electric Reliability Council of Texas, the Gambit battery could go into commercial operations on June 1. Tesla didn’t begin the project itself, however. It’s believed to have purchased the Gambit facility from Plus Power.

Elon Musk recently relocated to Texas, moving from California as Tesla and SpaceX ramp up business activities in the state. That doesn’t mean he’s been universally positive about his new home, however. Indeed, during the outages he was vocal on Twitter about how poorly Texas’ energy companies were handling the crisis. At the time, Tesla’s involvement in the Gambit facility was not common knowledge.

Battery backup is increasingly common around the grid, as energy companies make provisions for downed cables or unseasonable demand. However most such facilities are significantly smaller than those Tesla Energy is working on. Part of their charm is that they can be electricity-source agnostic, capturing spare power from traditional coal or gas generation, or from green sources like solar and wind. Texas has some installations of the latter, initially erroneously blamed for the state’s energy troubles in February, though it was later identified as primarily issues with fossil fuel power stations that left so many Texans without electricity.

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If this March Apple event leak is true, OnePlus has reason to worry



Now that March is here, we’re getting into spring reveal event territory, and today we may have learned the date for the next Apple event. Assuming today’s rumor turns out to be true, that event could just be a couple of weeks away. We’re also hearing about the devices Apple might announce during this event, so thanks to think leak, we could already have a very good idea of what to expect from Apple’s next event.

On Twitter today, Youtuber and noted leaker Jon Prosser suggested that Apple’s next event will be happening on March 23rd. Previous leaks suggested a March 16th date for the event, so even though the leaked information seems to agree that the event is happening at some point in March, Prosser’s leak moves the date back a bit.

In a follow-up tweet, Prosser says a “reliable source” told him that AirTags, iPad Pro, AirPods, and Apple TV are all “ready.” We’re told to “take that however you like,” though the suggestions certainly seems to be that any or all of these products could be revealed during Apple’s event.

It’s worth pointing out that, should this date turn out to be correct, Apple won’t be the only company hosting a reveal event on March 23rd. OnePlus has also confirmed that it will be fully revealing the OnePlus 9 lineup on March 23rd, so if Apple is indeed plotting the same date for its own event and neither company reschedules, that will be a packed day in the world of consumer technology.

We’ll see what Apple announces, but if this event is happening at some point in March, then we should get official word of it soon. We’ll let you know when that official word comes down the pipeline, so stay tuned for more.

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