Omio raises $10M to push its travel app into Asia

What's the deal? German travel startup Omio has raised $10 million from Granite-Integral, a Japan-Singapore joint venture fund. The company runs a rail and bus booking app.

What's the endgame? Omio plans to use the funding to expand its booking business into Asian markets.

Why now? The company is targeting the region as overseas tourism continues to grow across Asia.

The signal: A modest cheque from a cross-border Japan-Singapore fund signals continued investor appetite for travel platforms betting on Asia's tourism rebound.

Read more: Nikkei Asia

Image credit: Oran Viriyincy