Japan’s Relux raises $3.1m from Recruit Holdings, others
Japanese luxury hotel booking site Relux has raised JPY330 million ($3.1 million) from Recruit Holdings and other undisclosed investors.
Operated by Loco partners, Relux lists luxury Japanese inns and hotels selected by the company based on their on-site assessments. Since its launch last year, Relux attracted over 70,000 users, with most people in their 30s to 40s. Monthly revenue has grown at a pace of 30%, with average sales per customer reaching JPY90, 000.
The new funding will be used for hiring and boosting its customer base, with an emphasis on Southeast Asia , according to TechCrunch. The company is also developing a new hotel booking site to meet foreign tourists' needs in Japan. The site allows users to find suitable accommodations, complete online booking in ten languages and pay fees in twelve different currencies.
Recruits is a classified advertisement company and lists on the Tokyo Stock Exchange.
More on North Asia
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.