Short-term rental management company GuestReady Group, co-founded by previous Foodpanda execs, raised US$6 million in a series A round co-led by Russia’s Impulse VC and Dubai-based VentureSouq.
Existing investors, such as Hong Kong’s Aria Group and Australia’s 808 Tech Ventures, also participated and increased their positions in GuestReady as part of the round, which brought the startup’s total funds raised to around US$10 million, according to a statement.
GuestReady’s services 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 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.