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Taiwan’s 91APP secures US$9M in Series A led by AppWorks

Investment
  • Taiwan-based mobile storefront platform 91APP raises US$9 million
  • Round also saw participation from CID Group, NineYi Capital, PChome Founder Hung-Tze Jan, and Senao Founder Paul Lin
  • The investment will be used to accelerate growth and expand regionally

Taiwan-based mobile storefront platform 91APP has just raised US$9 million in Series A funding led by AppWorks.

The round also saw participation from CID Group, NineYi Capital, PChome Founder Hung-Tze Jan, and Senao Founder Paul Lin.

The investment will be used to accelerate growth and expand regionally.

Also Read: Accel Partners announces US$305 million fund for India

Launched by serial entrepreneur Steven Ho, 91APP works with brands in an ‘App-as-a-Service’ model, where brands pay a small setup fee to get their own m-commerce-enabled iOS and Android apps built and published. Brands then manage the merchandises, prices and content shown in these apps, while 91APP takes care of the technical end. When a purchase is made through the apps, it takes an additional 2.5-5 per cent charge on the transactions, shared an official release.

It currently claims to have 1,000 brands on its platform.

Jamie Lin, Partner, AppWorks said, “The beauty of 91APP’s App-as-a-Service model is that it enables brands to tap into mobile much faster and at much lower cost, while making sure their apps stay up-to-date under 91APP’s continuous support. This model solves all the major problems brands face today as they mobilise.”

Also Read: OYO Rooms nabs US$25M from Greenoaks Capital and others

AppWorks has invested in companies such as reservation booking startup Eztable and mobile game publisher PubGame Game Bar, among others.

Image Credits: Shutterstock / iCreative3D

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Source:: Taiwan’s 91APP secures US$9M in Series A led by AppWorks

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