Online Vacation Home Rental Service Tujia Nets US$100M of Series C Funding
Tujia.com, an online vacation rental service in China targeting middle to high-end Chinese travelers, secured US$100 million of Series C financing, according to a microblog of Luo Jun, CEO of the company. He added that the firm has received all the fundings yesterday.
As one of the leading room rental services in China, Tujia has been voracious in raising funds. The company has received its first major investment from LightSpeed in 2012 and a combined 400 million yuan in Series A and Series B funding from an all-star array of investors led by GGV Capital, CDHFund, Ctrip, HomeAway, etc.
Tujia was cofounded in late 2011 by former general manager of Sina Leju and CTO of Escapia Melissa Yang. The startup cooperates with real estate companies and landlords to attract high-end apartments that would fit for the demands of travelers. Tujia also plays a major part in standardizing the services provided by the hosts.
Staffed by some 1000, Tujia now operates in 128 Chinese cities and 68 overseas cities with more than 85K suites available on the platform.
Xiaozhu, a domestic short-term home rental service, also raised US$15 million of Series B financing recently.