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FunNow is an on-demand lifestyle booking platform offering instant reservations for dining, bars, beauty and wellness, hotels, and nightlife through a mobile app. The app uses geolocation and a patented algorithm to show real-time availability and lets users discover, book, and pay in about 30 seconds, often for experiences within 15 minutes. Merchants manage their own availability and pricing, while FunNow applies AI-driven dynamic pricing to adjust costs based on demand and time to help monetize off-peak hours. It earns commissions on bookings and aims to connect urban consumers and travelers with readily available experiences across Asia, expanding through strategic acquisitions and partnerships.
Industries
Data & Analytics
Consumer Software
AI & Machine Learning
Entertainment
Company Size
51-200
Company Stage
Series B
Total Funding
$21.8M
Headquarters
Taipei, Taiwan
Founded
2015
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Total Funding
$21.8M
Below
Industry Average
Funded Over
4 Rounds
Industry standards
FunNow, the Taiwan-based app that lets users book activities on-demand in five Asian countries, is growing its reach in Southeast Asia through a merger with restaurant booking app Eatigo. Terms of the deal were undisclosed, but FunNow CEO TK Chen says it is the largest post-COVID O2O MA deal in Southeast Asia.As part of the deal, Eatigo is now a key shareholder in FunNow Group. Eatigo CEO Michael Cluzel will join FunNow’s board, while Chen will continue serving as president and CEO of the group.Founded in 2015, FunNow has 2.5 million users and utilizes a dynamic pricing strategy that lets businesses on its platform chose to offer different prices to customers based on supply and demand. Since its launching Taiwan, FunNow has expanded to Japan, Hong Kong, Malaysia and Thailand. It has grown through a series of acquisitions, concluding Malaysia restaurant booking platform and SaaS provider TABLEAPP and Taiwanese family activity booking platform Niceday. Since its inception, FunNow has raised $22.5 million from investors including the corporate venture arms of PChome, KKday and Wistron.FunNow and Eatigo’s foundersEatigo was founded in Bangkok in 2013 and uses yield management techniques to help 4,000 restaurants book customers during off-peak hours at discounts up to 50% off
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Industries
Data & Analytics
Consumer Software
AI & Machine Learning
Entertainment
Company Size
51-200
Company Stage
Series B
Total Funding
$21.8M
Headquarters
Taipei, Taiwan
Founded
2015
Find jobs on Simplify and start your career today