RedDoorz is planning a two-act exit.
The Southeast Asian hospitality tech firm wants to debut on the Singapore Exchange (SGX) by 2027. It’s a practical move, not a final one. Founder and CEO Amit Saberwal sees SGX as a way to secure liquidity while the business scales up.
The real target? The Nasdaq.
“We think it’s better to get liquidity,” Saberwal told Skift, “continue to grow the business to a larger scope, and then go to US markets.”
A smart ladder. Get the cash now. Build bigger. Then jump.
They are aiming to raise between SGD 50 ($39 M) and SGD 108 ($82.5 M) via this initial Singapore listing.
That money won’t just sit there.
Most of it goes toward buying things. RedDoorz plans aggressive expansion targets across India Australia and Southeast Asia. They want more hotels sure. But they also have eyes on villa management firms and extended stay operators.
Businesses that run without much tech. With low overhead. That sounds risky maybe. Until you realize that that is exactly who they want.
It is an interesting bet on legacy providers with assets but no code.
