Dubai-based Silkhaus raised $7.75 million in seed funding from Venture capital firms

Popular

Dubai-based Silkhaus raised $7.75 million in seed funding from Venture capital firms

Dubai-based platform for short-term rentals coming out of stealth Silkhaus raised $7.75 million in seed funding from Venture capital firms including Nuwa Capital, Nordstar, Global Founders Capital, Yuj Ventures, Whiteboard Capital and VentureSouq where international family offices and proptech founders also participated.

After discovering a $13 billion market opportunity for asset owners in emerging markets, particularly in the Middle East, North Africa, and South and Southeast Asia, Silkhaus last year. It intends to use this money to expand throughout MENA, Southeast Asia, and South Asia. In order to manage distribution, pricing, revenue management, and full coverage in the digital space, Silkhaus acquires rental properties from asset owners (currently in Dubai). Among the approximately 60 different distribution channels Silkhaus employs is Airbnb.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

Popular

More Like this

Dubai-based platform for short-term rentals coming out of stealth Silkhaus raised $7.75 million in seed funding from Venture capital firms including Nuwa Capital, Nordstar, Global Founders Capital, Yuj Ventures, Whiteboard Capital and VentureSouq where international family offices and proptech founders also participated.

After discovering a $13 billion market opportunity for asset owners in emerging markets, particularly in the Middle East, North Africa, and South and Southeast Asia, Silkhaus last year. It intends to use this money to expand throughout MENA, Southeast Asia, and South Asia. In order to manage distribution, pricing, revenue management, and full coverage in the digital space, Silkhaus acquires rental properties from asset owners (currently in Dubai). Among the approximately 60 different distribution channels Silkhaus employs is Airbnb.

Disclaimer

At StartupNews.fyi we strive to uphold the highest ethical standards in all of our reporting and coverage. We want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

More like this

Binance reopened after temporarily suspending spot trading, deposits and withdrawals due to a bug in its system

Binance, one of the world's leading cryptocurrency exchanges, has...

Tap Payments and PayPal partner to expand global reach for MENA businesses

Tap Payments, the leading fintech company in the Middle...

Nykaa got hit with a wave of departures from its top executives

Nykaa, one of India's leading online beauty and wellness...

Upcoming Events

Startup Information that matters. Get in your inbox Daily!

spot_img
spot_img
Copy link
Powered by Social Snap