About Shafalvxing
Shafalvxing was a Travel & Hospitality company based in Shanghai (China) founded in 2015. It operates as a platform for booking vacation rentals worldwide. It operates on a B2C model. Shafalvxing has raised $2.5 million across 2 funding rounds from investors including Unity VC and Zhonghai Investment. Its Indian entity Ing Vysya Bank Limited reported revenue of ₹2,262 Cr. The company is recorded as dissolved. Its focus areas include Travel and Hospitality, Accommodation, Rental Platforms and Vacation Properties. Its competitors include Airbnb, Tujia, Airbnb, Xiaozhu and Muniao Duanzu and 4 more; 9 of its 9 listed competitors have raised funding.
Company details
Shafalvxing, established in 2015, excels in travel and hospitality, accommodation, rental platforms, and vacation properties. Operates as a platform for booking vacation rentals worldwide. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Shanghai, China
- SectorsTravel & Hospitality
- Website shafalvxing.com
- Legal Name Ing Vysya Bank Limited
- Date of Incorporation 29 Mar, 1930
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹2,262 Cr
FY 2024 · 0% YoY
- Total Equity Funding$2.5M (USD)
in 2 rounds
- Latest Funding Round$2M (USD), Series A
Apr 2016
- InvestorsUnity VC
& 1 more
Associated legal entities of Shafalvxing
Shafalvxing operates through Ing Vysya Bank Limited, a listed company (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ing Vysya Bank Limited Listed CIN L85110KA1930PLC000124 | Amalgamated | 29 Mar 1930 | Bangalore, Karnataka | ₹2,262 Cr | – | 11 | View details |
Funding Insights of Shafalvxing
Shafalvxing has successfully raised a total of $2.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $2 million completed in April 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $2.5M
- Total Rounds 2
- Last Round Series A — $2M
- First Round $500,000
(Sep 2015)
- Investors Count 2
All 2 funding rounds of Shafalvxing with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2016 | $2M | Series A | – | – | |
| Sep 2015 | $500,000 | Seed | – | – |
2 investors in total: 2 institutional.
Investors in Shafalvxing
Shafalvxing has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Unity VC and Zhonghai Investment.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech startups are funded by Unity Ventures venture capital firm. | – | unityvc.com | Beijing, China | |
- | – | zandh.cn | - |
Investor details for Shafalvxing
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Ing Vysya Bank Limited (Shafalvxing)
Ing Vysya Bank Limited is the primary company behind Shafalvxing. The board of Ing Vysya Bank Limited currently have 11 directors; the longest-serving is Maddali Venkata Satya Apparao, appointed in 2007. 15 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Maddali Venkata Satya Apparao DIN 00484877 | Company Secretary | 27 Jul 2007 | 19 yrs 2 mo | Ing Vysya Bank Limited |
| Santosh Desai DIN 01237902 | Director | 29 Apr 2008 | 18 yrs 5 mo | Ing Vysya Bank Limited |
| Meleveetil Damodaran DIN 02106990 | Director | 21 Jul 2008 | 18 yrs 2 mo | Ing Vysya Bank Limited |
| Vaughn Nigel Richtor DIN 00698356 | Director | 01 Jun 2009 | 17 yrs 4 mo | Ing Vysya Bank Limited |
| Vikram Talwar DIN 00416236 | Director | 20 Dec 2010 | 15 yrs 10 mo | Ing Vysya Bank Limited |
| Mark Edwin Newman DIN 03518417 | Director | 20 Apr 2011 | 15 yrs 6 mo | Ing Vysya Bank Limited |
| Jayant Mehrotra DIN 07681406 | CFO | 29 Apr 2014 | 12 yrs 5 mo | Ing Vysya Bank Limited |
| Alka Marezban Bharucha DIN 00114067 | Additional Director | 25 Jun 2014 | 12 yrs 3 mo | Ing Vysya Bank Limited |
| Adrianus Johannes Antonius Kas DIN 06853983 | Additional Director | 25 Jun 2014 | 12 yrs 3 mo | Ing Vysya Bank Limited |
| Kewal Kundanlal Handa DIN 00056826 | Additional Director | 12 Aug 2014 | 12 yrs 2 mo | Ing Vysya Bank Limited |
| David Han Lee Yong DIN 07015440 | Additional Director | 10 Nov 2014 | 11 yrs 11 mo | Ing Vysya Bank Limited |
Financials of Shafalvxing
Figures of Ing Vysya Bank Limited, the primary company behind Shafalvxing, for FY 2024. Revenue was ₹2,262 Cr (0% year on year). Revenue has grown at a compounded annual rate of +7% over three years and +4% over five years.
- ₹2,262 CrRevenue · FY 2024 · 0% YoY
- ₹192 CrPaid-up capital
- +7%Revenue CAGR, 3 years
- +4%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ing Vysya Bank Limited are on its company page.
Detailed financial statements for Shafalvxing
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Shafalvxing
3 dated milestones of Shafalvxing across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Shafalvxing is founded.
- Funding First funding round of $500K.
- Funding Latest funding round, Series A, of $2.0M.
Competitors of Shafalvxing
Shafalvxing has 9 listed competitors in our database, 9 of them funded. They include Airbnb, Tujia, Airbnb, Xiaozhu and Muniao Duanzu, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| airbnb.com | 2008 | San Francisco, United States | $2.95B | 7,300 | Vacation rentals are booked via an online peer-to-peer platform. | |
| tujia.com | 2011 | Hong Kong, China | $700M | – | Vacation rentals are booked via an online platform for travelers. | |
| airbnb.com | 2008 | San Francisco, United States | $2.95B | 7,300 | Vacation rentals are booked via an online peer-to-peer platform. | |
| xiaozhu.com | 2012 | Beijing, China | $571.46M | – | Vacation rentals are booked via an online platform. | |
| muniao.com | 2012 | Beijing, China | $9.79M | – | Short-term vacation rentals are booked via an online P2P platform. | |
| zhubaijia.com | 2012 | Shenzhen, China | $125.12M | – | Offers an online platform for vacation rental services. | |
| localhome.cn | 2016 | Beijing, China | $11.85M | – | Short-term vacation rentals are listed online by landlords. | |
| bingdian.com | 2010 | Shanghai, China | $6M | – | Hotel booking apps are developed for Chinese users. | |
| onehome.me | 2015 | Beijing, China | $1.61M | – | Serves as a vacation rental marketplace for outbound tourists. |
Detailed competitors of Shafalvxing
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Top companies in Alternative Accommodation
10 companies that operate in the same segment as Shafalvxing (Alternative Accommodation), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Platform for booking hotel rooms on hourly basis in Indian cities for short-term needs. | 2020 | Mumbai, Maharashtra, India | – | USD 1.74 K | – | |
Offers luxurious accommodations including hostels, hotels, and resorts in India. | 2015 | Jaipur, Rajasthan, India | USD 582.33 K | USD 277.18 K | 49 | |
A branded marketplace for listing and renting furnished flats. | 2016 | Bengaluru, Karnataka, India | USD 1.17 M | – | 2 | |
Offers travel news, destination guides, hotel recommendations, and booking services. | 2013 | Gurugram, Haryana, India | – | – | – | |
An online platform for easy booking of vacation rentals worldwide. | 2016 | Delhi, Delhi, India | – | USD 26.38 K | – | |
Online platform for booking villas, cottages, and homestays across various destinations. | 2014 | Gurugram, Haryana, India | – | USD 680.55 K | – | |
Functions as an online aggregator for booking serviced apartments. | 2015 | Bengaluru, Karnataka, India | – | USD 206.85 K | – | |
Hosts a digital marketplace for booking alternative home stays. | 2014 | Bengaluru, Karnataka, India | – | USD 2.62 M | – | |
Luxury villa rentals, concierge services, and property management in various Indian cities. | 2014 | Panaji, Goa, India | – | – | – | |
Provides heritage homestay rooms, restaurant services, and activities in the Nilgiris hills. | 2000 | Nilgiris, Tamil Nadu, India | – | – | – |
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Related news about Shafalvxing
Complete news archive for Shafalvxing
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Frequently Asked Questions about Shafalvxing
Shafalvxing was founded in 2015.
Shafalvxing is headquartered in Shanghai, China.
Shafalvxing is a funded company, having raised a total of $2.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $500K, raised on Sep 2015.
The primary company behind Shafalvxing, Ing Vysya Bank Limited, reported revenue of ₹2,262 Cr for FY 2024, down 0% year on year.
Shafalvxing, established in 2015, excels in travel and hospitality, accommodation, rental platforms, and vacation properties. Operates as a platform for booking vacation rentals worldwide. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide. It continues to evolve, meeting industry challenges with strategic approaches.
Shafalvxing has 2 investors. Key investors include Unity VC, and Zhonghai Investment.
Shafalvxing operates through Ing Vysya Bank Limited.
The legal entities of Shafalvxing currently have 11 directors, including Mark Edwin Newman, Vikram Talwar, Vaughn Nigel Richtor and others.