26 Sep '12, 2am

Short-term rental site Travelmob raises USD1M seed funding from @JungleVentures

Singapore-based short-term rental marketplace Travelmob announced yesterday that it has raised USD1M in seed funding. The round is led by Jungle Ventures with participation from private investors around the region. Founded in July 2012, Travelmob allows hosts to list their place on the website as travel accommodation for tourists. It is similar to sites such as Airbnb , 9flats , and Roomorama . The startup is founded by Turochas “T” Fuad and Prashant Kirtane . Turochas was the managing director for Skype Asia while Prashant was the senior director of engineering at Yahoo!. “Our mission is to lead the social stay market in Asia Pacific and since launch, we’ve been making tremendous progress towards that goal,” said Turochas. He told e27 that about 50% of site visitors come from Asia-Pacific while the remaining comes from places like the US, Europe, and Middle East. Intra-AP...

Full article: http://sgentrepreneurs.com/2012/09/26/short-term-rental-s...

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Short-term rental site travelmob raises US$1M in seed funding via @e27sg

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