Lalit Mangal has been appointed Chief Product Officer at RedDoorz
Coming with a background also as an entrepreneur, Lalit Mangal was the Co-founder of Commonfloor.com, where he was also the Chief Product Officer. There, he was the turnkey in a merger with Quikr.com – which became one of the top three startup Merger & Acquisition deals of India in 2016. As the Chief Product Officer at RedDoorz, based in Singapore, Lalit comes with close to 15 years of experience in incubating new product ideas. He currently serves as an advisors to Bangalore-based firms Evibe and Unacademy.
RedDoorz creates an ecosystem for travelers to discover branded budget stays with the promise of a high-quality hospitality experience. Established in 2015, RedDoorz helps hoteliers and guest house owners to showcase their property over a responsive platform, allowing them to reach out to larger audiences, increase their distribution, earn a brand name and streamline operations.
The brand recently announced their expansion plans in Indonesia through its presence in the current operational 16 cities and its entry into The Philippines and Singapore. To date, RedDoorz has serviced close to a million customers in the region.
RedDoorz properties can be found in Indonesia, Singapore and The Philippines. It has continued investment from prior rounds from International Finance Corporation (private investment arm of World Bank Group), Asia Investment Fund of Sushquehanna International Group, FengHe Group and Jungle Ventures. Earlier this year, RedDoorz had raised venture debt from InnoVen Capital, a venture lending firm owned by Temasek Holdings and United Overseas Bank. RedDoorz is headquartered in Singapore.
