February 28, 2013 at 01:00 AM EST
Travelmob Continues Push Into Asian ‘Airbnb’ Market
Singapore-based short term home rental marketplace, Travelmob is pushing steadily into the space with new features on its site. Today, it released a way for home owners to list last-minute discounts to travelers. This follows an earlier feature released last year which allowed travelers to find listings by descriptive tags. The company is yet another in the quickly crowding Airbnb-style space, which tries to match home renters with couch surfers or travelers looking for a quick stay. Lately, more of these sites have been trying to differentiate by varying a little from the budget crowd and offering unique locales. Travelmob, for example, has a listing for a houseboat in Kerala and an entire island in the Philippines which comes with a chef and butler. Last September, the company secured $1 million in seed funding in a round raised by Singapore VC, Jungle Ventures. And in November, it teamed up with Wego.com to provide its listings to the flight search aggregator. It wouldn’t say how many listings there are on Travelmob right now, but it had about 2,300 properties in the Asia-Pacific region at time of launch. And since then, those have multiplied by five times, it said. One of the startup’s co-founders, Turochas Fuad, was most recently managing director for Skype Asia, and the head of Yahoo’s Southeast Asian mobile business prior to that.
Travelmob logo

Singapore-based short term home rental marketplace, Travelmob is pushing steadily into the space with new features on its site. Today, it released a way for home owners to list last-minute discounts to travelers. This follows an earlier feature released last year which allowed travelers to find listings by descriptive tags.

The company is yet another in the quickly crowding Airbnb-style space, which tries to match home renters with couch surfers or travelers looking for a quick stay. Lately, more of these sites have been trying to differentiate by varying a little from the budget crowd and offering unique locales.

Travelmob, for example, has a listing for a houseboat in Kerala and an entire island in the Philippines which comes with a chef and butler.

Last September, the company secured $1 million in seed funding in a round raised by Singapore VC, Jungle Ventures. And in November, it teamed up with Wego.com to provide its listings to the flight search aggregator.

It wouldn’t say how many listings there are on Travelmob right now, but it had about 2,300 properties in the Asia-Pacific region at time of launch. And since then, those have multiplied by five times, it said.

One of the startup’s co-founders, Turochas Fuad, was most recently managing director for Skype Asia, and the head of Yahoo’s Southeast Asian mobile business prior to that.


Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here