Beijing, China-based travel and expense management services provider Baoku pocketed $10 million in its Series A funding round led by China Broadband Capital (CBC) and Asiainfo-Linkage to help people reduce their travel costs by 20% to 50%.
Travel
With free visas, Thailand tells Chinese tourists 'please come back soon'
To make vacationing in a country still under martial law a little more attractive, Thailand’s military junta is offering tourists from China free visas.
Australia's Qantas, Virgin allow smartphones throughout flights
Australian airlines Qantas Airways Ltd and Virgin Australia Holdings Ltd said passengers can use smartphones and tablets throughout flights from Tuesday after a regulator relaxed a ban on electronic devices on planes.
China sets up $3.3 billion aviation investment fund: report
China has set up a 20 billion yuan ($3.25 billion) investment fund to help bolster its fast-growing civil aviation industry, local media said on Monday.
Same-day travel apps cater to last-minute travelers
Procrastinating travelers who find it difficult to plan trips in advance could find some spontaneity and even bargains with last-minute travel apps to book flights and hotel rooms. Whether it's finding a flight, or a same-day hotel room, apps are catering to consumers seeking more flexibility.
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Singapore City, Singapore-based same-day hotel booking app In2Nite raised $2.8M in a venture round led by IDG Ventures and other undisclosed investors to expand its reach across the Asian market.
Gurgaon, India-based online travel agency Yatra.com took home INR140 crore in its fifth funding round led by IDG Ventures India and Vertex Venture Holding to fund future acquisitions.
Woburn, US-based software firm SilverRail Technologies Inc bagged $40 million in its Series C funding round led by Mirthril Capital Management to develop a train ticket booking system.
Mathematicians from the University of Michigan claims the iOS app Entrain that they have built can help travelers prevent jetlag by teaching them how to synchronize their body lock with new time zones.
RideScout, a transportation aggregating app that was previously available in Austin and Washington only, launched its service in San Francisco to help more people find the best route to get to their destination in real-time.
Ireland-based same-day hotel booking startup Hot Hotels bagged $1 million (€730,000) in funding from private investors and accelerator funds to fuel its expansion into Europe and South America.
Boston, US-based travel startup TripzonTravel.com allows travels to customize their own vacation packages by adding in the destinations, flights, hotels, transportation, and activities they want using a single platform.
Gurgaon, India-based e-commerce firm Ibibo Group purchased Bangalore-based online bus tracking and analytics startup YourBus for an undisclosed sum to integrate the latter's tracking function into its travel services.
NVM Private Equity has invested £7 million for the management buyout of No. 1 Traveller, an airport hospitality specialist, a statement about the funding said.
