FUNNOW Group secures $10 million from Hotai Motor
The Series C investment supports international expansion and links travel planning with local bookings.
FUNNOW Group has secured a $10 million strategic investment from Taiwan’s Hotai Motor in its Series C financing, according to a company statement dated September 23. Hotai acquires approximately 10% of the booking business.
The group plans to use the capital for international expansion, AI technology and preparations for an IPO. Its partnership with Hotai’s chicTrip travel-planning platform will connect trip itineraries with real-time reservations, beginning with Japan.
FUNNOW Group operates the FunNow leisure-booking platform, restaurant-booking service Eatigo and family-activity platform Niceday. Its services connect consumers with restaurants, stays and activities across Asian markets.
Use of funds
International expansion
Develop AI booking capabilities
Prepare for IPO