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Capital Gains: 'Chinese Airbnb' and Indian 'Uber for X' Startups Land Big Money

Travel startups and foreign "Uber for X" companies raised big money this week.

Todd Bernard

Another week, another significant investment in an Indian startup. Here’s the full story, plus more funding news from around the tech industry:

  • “Chinese Airbnb” raised $300 million of investment at a $1 billion valuation. The funding was led by Xiaomi-backer All-Stars Investment. Previous investors include LightSpeed Venture Partners and GGV Capital (Bloomberg Business).
  • Cloud data and storage company Tintri raised $125 million, saying it plans to go public next year. The round was led by Silver Lake Kraftwerk, and Tintri has now raised $260 million in total funding (Reuters).
  • Indian travel startup OYO Rooms (“like an Uber for hotel rooms”) landed a $100 million investment led by SoftBank. Its biggest competitor, Stayzilla, raised a $20 million Series B earlier this year (Tech in Asia).
  • In other foreign “Uber for X” startup news, China’s “Uber for laundry” raised a $100 million Series B. Edaixi’s new round is led by Baidu, and comes a year after a $20 million Series A led by Matrix Partners and SIG (Tech in Asia).
  • Practo, an Indian health startup that’s sort of like a search engine for patients to find doctors, raised a $90 million round led by Tencent. The coterie of investors include Google Capital, Sofina, Sequoia India, Yuri Milner, Altimeter Capital, Matrix Partners and Sequoia Capital (Wall Street Journal).
  • Wireless hotspot maker Skyroam raised $23.5 million in a Series B investment led by Lenovo Group, with participation from CBC Capital, GSR Ventures, Vickers Venture and others (Silicon Valley Business Journal).
  • Leanplum, which specializes in tech for in-app marketing, raised a $11.6 million Series B round led by Kleiner Perkins Caufield & Byers, with additional money coming from Shasta Ventures (VentureBeat).
  • Blockspring, which adds integration tools for spreadsheet services, raised $3.4 million in a round led by Andreessen Horowitz and SV Angel (TechCrunch).

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