Russia’s Impulse VC and Dubai-based VentureSouq have co-lead a series A round, raising US$6 millions, for short-term rental management company GuestReady Group.
The current funding brings the total to US$10 million of funds raised. Existing investors, such as Hong Kong’s Aria Group and Australia’s 808 Tech Ventures, also participated in the funding.
GuestReady helps turn residential properties into listings on short-term rental platforms such as Airbnb and Booking.
The company said it looks to use the additional funds to further the development of its property management system, help with its growth initiatives across the APAC region, and pursue available M&A opportunities.
It also plans to build out its operations team in Kuala Lumpur and bring its services to more markets in Southeast Asia. The startup currently operates in 14 cities across Hong Kong, Malaysia, the United Arab Emirates, the United Kingdom, France, and Portugal.
Read more here.
Join us in Madrid, November 12-15 for the Global Online Marketplaces Summit.
The Irish market-leading portal Daft may be up for sale. According to anonymous sources who spoke to Reuters last week,...
Read More
Rightmove has rejected a £5.6bn cash-and-stock takeover proposal from Australia’s REA Group REA Group, 62% owned by Rupert Murchoch's News...
Read More
Australian challenger portal Homely has released its full-year results for 2024. Highlights include: 24% increase in membership revenue 12% increase...
Read More A single chart may provide Zoopla and OnTheMarket the leverage needed to challenge Rightmove’s market leadership in the UK. The...
Read More
