Just last week, Korea-based travel search startup Allstay announced that it has received US$432,000 from Japanese firm Venture Republic, which operates travel sites Travel.jp and Hotel.jp, and local online travel agency TideSquare.
The startup, which wishes to take advantage of the country’s high smartphone and Internet penetration rates, has recently launched its mobile app, which aggregates and compares travel accommodations. It also has a service for the web, which is in beta.
We met up with its Co-founders Hyunsoo Cho and Yongseok Lee to understand more about how the business is doing.[external-link]