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Airbnb – the portal that allows people to rent out their spare rooms – has acquired Californian start-up firm Troo.ly, founded by former Bain director, Savi Baveja. Troo.ly is a background checking business, and the acquisition – reported by Fortune magazine – is thought to be part of a strategy by Airbnb to protect users from fraudulent users. Baveja – the firm’s founder and CEO, has had a significant career at Bain & Company. He was with the company from 1988 to 2014, during which time he rose to be a senior partner at Bain, a VP, and was also a member of its board of directors. He left to create Troo.ly in 2014, where it raised $10 million in funding in 2016, according to venture capital tracking site Crunchbase.

logo trooly

See: DNAindia.com

Peter Crush for Consultor.news

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