Yanolja becomes largest shareholder of Southeast Asian budget hotel chain
Oct 23, 2019
South Korean unicorn Yanolja said Oct. 23 that it has become the largest shareholder of ZEN Rooms, a leading budget hotel operator in Southeast Asia. The latest investment came after the Seoul-headquartered accommodation-booking firm invested $15 million in the Southeast Asian budget hotel firm in July last year. The exact amount has not been announced, but venture capital Access Ventures, whic...