Shanghai-based venture capital company Gobi Partners has made its first entry into Vietnam with a deal to fund Triip, a website that crowdsources local tours around the world, news website Tech in Asia reported on Thursday.
With the seed funding of US$500,000, Triip will be able to expand to new markets and boost its sales through digital marketing, Hai Ho, who founded the website with his wife Ha Lam in 2013, was quoted as saying.
Gobi Partners will also bring its knowledge and experience in travel to the Vietnamese startup, Ho said.
The Chinese venture company is now funding over 130 companies in China and Southeast Asia, inncluding Chinese tour package provider, place-of-interest discovery app Spottly, and Indonesian travel platform Tripvisto.
Often described as "Airbnb for local tours," Triip allows people to create their own tours and sell them to travelers. It is now available in 86 countries with 5,000 tours curated by 9,000 local guides.
Triip, which charges 10 percent of a tour's price, now posts a monthly revenue of about $10,000, compared to around $1,000 in June last year, according to the news report.