Key facts
- Omio, a Germany-based travel startup, has raised $10 million in funding.
- The investment comes from Granite-Integral, a Japan-Singapore joint venture fund.
- Omio intends to use the funds to expand its rail and bus booking services in Asian markets.
- The company sees growth potential in overseas tourism in Japan and Southeast Asia.
- Omio was founded in 2013 and operates as an app-based platform for booking transport services.
Germany-based travel startup Omio has secured $10 million in funding from Granite-Integral, a joint venture fund between Japan and Singapore. The company plans to leverage this investment to expand its app-based platform for booking rail and bus services into Asian markets, particularly Japan and Southeast Asia, where it identifies significant growth potential due to increasing overseas tourism.
Founded in 2013, Omio operates as a platform allowing users to compare and book train, bus, and flight routes. The company has previously raised substantial funding, totaling $480 million over eight rounds, with its latest Series E round in June 2022 securing $80 million. Omio's current valuation stands at $1 billion. The company faces competition from numerous players in the online travel booking space, including Ixigo, MakeMyTrip, and Traveloka.
Omio aims to utilize Granite-Integral's expertise in the target Asian markets to bolster its presence and operations. The company's mobile app is available on both iOS and Android devices.