Skift Take

If Airbnb and HomeAway hadn't noticed the mercury rising in India and China with home-stay and vacation rentals, they certainly do now. The overall U.S.-based sharing economy, including Uber, is having trouble breaking into those regions and it's not difficult to imagine why.

weekly_startup_fundingEach week we create a roundup of travel startups that have received or announced funding that week. The total amount raised this week was $445.8 million.

Here are six companies that announced they raised funding this week, listed in order by the highest amount raised. See previous roundups here.

>>>>Tuija raised a $300 million Series D round from new investors All-Stars Investment and The Ascott China and existing investors Ctrip bringing the Beijing, China-based startup’s total funding to $455 million.

Tuija is essentially China’s version of Airbnb and the new funding will help the company expand internationally and also raises its valuation to more than $1 billion. It launched in 2011 and has more than 300,000 properties listed in China and other destinations.

>>OYO Rooms raised a $100 million Series B round from new investor SoftBank and existing investors Greenoaks Capital, Lightspeed Venture Partners and Sequoia Capital bringing the Bangalore, India-based startup’s total funding to $125.6 million.

OYO Rooms provides a platform for hotel bookings throughout Southeast Asia. The company was founded in 2013 and has more than 200 budget hotel brands using its product.

>>Duetto raised a $30 million Series C round from new investor Icon Ventures and existing investors Accel Partners, Altimeter Capital, Battery Ventures, Leland Pillsbury and Marc Benioff bringing the San Francisco, California-based startup’s total funding to $63.2 million.

Duetto delivers software applications helping hotels and casinos forecast demand, set prices and manage distribution. Founded in 2012, Duetto has signed nearly 1,000 properties in more than 50 countries and plans to continue its expansion into key markets throughout the Americas, Europe and Asia.

>>Portr raised a $4.7 million Series A round from new investors Hargreave Hale and several angel investors bringing the London, England-based startup’s total funding to $7.7 million.

The company is an on-demand luggage transfer service that travelers can use to get their luggage to and from an airport. So far the service is available at London City Airport and launched at London’s Gatwick Airport last month. Portr advertises that rates vary from $23 to $54 depending on the destination of travelers’ luggage in Central and Greater London.

>>Tripfactory raised a $10 million Series A round from new investors Aarin Capital, Mohandas Pai and Ranjan Pai and this is the Bangalore, India-based startup’s first funding round.

Tripfactory has more than 10,000 vacation rentals and hotels available in 100 destinations and also breaks down its offerings into themes for travelers looking for a very specific type of experience.

>>Tripangel raised a $1.1 million Seed round from new investor AEC.

The Las Vegas, Nevada-based startup was founded in 2014 and brands itself as “your on-demand expert city host.” Tripangel will launch in New York City, Chicago, Miami and Los Angeles next year and wants to be travelers’ go-to information source while they’re exploring a destination.

 

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Tags: funding, vcroundup

Photo credit: Tuija is China's version of Airbnb and one of the largest home-sharing and vacation rental sites in that country. Tuija

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