When the KKday travel platform raised the first part of the C series in September 2020, the travel landscape was very different. Now, KKday announces that it has added $ 20 million to the round, bringing the total to $ 95 million, with changing travel trends, and more people going on domestic or international travel. Funding was provided by the Asian private equity firm TGVest Capital.
“We plan to use the new funding to double our spread in major markets, including Taiwan, Japan, Hong Kong, Korea and Asia,” Ming Chen, founder and CEO, told TechCrunch. “We are also preparing for the arrival of national and international travelers as borders reopen.”
The startup says that in June 2022 its gross value of goods exceeded pre-COVID levels and also reduced the cost of user acquisition to one-third of what was spent before the pandemic. COVID-19 is earning and surpassing revenue.
Part of the funds will be used to hire in all departments, including software engineers, research and development, business development and operations and marketing. The capital will also be used to develop technology products for online travel agencies (OTAs) and merchants that provide activities and services on the KKday platform. KKday says the SaaS solution for merchants to manage reserves and inventory, called Rezio, is currently used by 1,600 markets around the world and reaches 2.7 million passengers.
Rezio works with online travel agencies like Viator to help retailers expand. The service allows them to manage reservations through a variety of channels, such as Viator and Tripadvisor.
During the pandemic, KKday’s main growth driver was travel including to markets in Japan, Hong Kong, Korea, Taiwan and Southeast Asia. It has recently bought Activity Japan, a travel and online travel agency, and hopes to see more business in Japan. KKday expects more activity in markets like Korea and Singapore, where international travel will resume.
KKday intends to relaunch its “experience commissioners” or local visits as the borders open. Chen said the various trends he has seen as an increase in travel restrictions include an increase in both domestic and international travel. There are also more “digital travelers,” or people who use online tools like KKday to plan routes and save costs, and a request for guided tours offered by KKday.
“Since we did the last word and in the last 12 months, more markets have opened up and domestic travel has been a strong driver of our growth. While stays remain popular, local visits, activities and a desire for attraction have also increased,” Chen said. “At COVID-19 we added 200,000 more experiences and activities in Asia-Pacific. In Japan alone, we added 35,000 new activities.”
In a prepared statement, Claire Lai, Managing Director of TGVest Capital, said: “Passenger demand is growing rapidly as borders reopen. Ming and his team provide innovation and long-term value to the ecosystem of its travel operators, activity providers and users. has been key to tackling the COVID-19 wave. ”
What is the biggest app in China?
Major applications in China in 2022, according to monthly active users As of January 2022, Tencent’s instant messaging service was the most popular mobile application in China WeChat with around 951 million active users (MAU) per month. Read also : China launches high-tech aircraft carrier at naval milestone. His older brother QQ was the third witness with about 585 million MAU.
Is Instagram a Chinese app? Instagram is a social networking service for sharing photos and videos created by Kevin Systrom and Mike Krieger in 2010, and later Facebook Inc. acquired by the American company, now known as Meta Platforms.
What is the biggest app store in China?
Tencent My App Store (åº ”ç” ¨å®) – Tencent is the largest Internet company in Asia, the publisher of the most popular WeChat application used throughout China. Although the company does not produce mobile phones, its app store has remained one of the most popular in China for many years.
Which is No 1 app in world?
Here are the top 10 most downloaded apps worldwide in 2021: To see also : Sports betting in Florida: Has it been legalized, how to bet online, where to get picks, new promos.
- TikTok: 656 million.
- Instagram: 545 million.
- Facebook: 416 million.
- WhatsApp: 395 million.
- Telegram: 329 million.
- Snapchat: 327 million.
- Zoom: 300 million.
- Messenger: 268 million.
Which app is most used in China?
As of January 2022, Tencent’s instant messaging service was the most popular mobile application in China WeChat with around 951 million active users (MAU) per month. On the same subject : Sports betting in Texas: when it will be legalized, how to bet online, where to find picks, top promos. His older brother QQ was the third witness with about 585 million MAU.
What is Klook app?
The Klook app is the fastest and most convenient way to book your travel experience anywhere. No matter where you are, if you have internet access, you can browse Klook’s full list of visits and attractions to various travel destinations in Asia.
Is Klook reliable? Klook is secure because it encrypts payment transactions from trusted booking sites using the secure online encryption technology you expect. Payment options include Mastercard, Visa, PayPal, Google Pay, Apple Pay or Alipay.
Is Klook a good app?
In general, I would say that Klook is legitimate, the only thing to note is that some activities, such as day visits, are done directly by Klook and some activities are provided by a third party service or operator, so it is important to check. Terms and conditions of return before booking, so you know what to do …
Why do people use Klook?
Klook helps you discover activities, attractions, theme park tickets and more in cities around the world at the best possible prices. With Klook’s help, all the frustrations of planning the trip are gone.
How does Klook make money?
The startup is focusing on Asian travelers and is planning concepts like exclusive offers and instant tickets to help set it apart from the rest. Klook follows a commission pattern of between 15% and 25% on reserved activities.
Who invested in Klook? Klook, an online travel agency focused on experience and attractiveness, has raised $ 200 million in funding. The round was led by Aspex Management, and was also attended by existing investors such as Sequoia Capital China, Softbank Vision Fund 1, Matrix Partners China and Boyu Capital.
What type of business is Klook?
Klook is a platform for booking passengers and leisure, designed to connect travelers with experience and attractions.
Who owns Klook travel?
With a keen interest in travel and a stylish digital background, Eric Gnock Fah can proudly say that he is one of Asia’s largest travel and activity booking platforms, with Klook, creator and CEO. Founded in 2014, Klook has expanded its services to 80 destinations in Asia over a 4-year period.
Why is Klook successful?
An important impetus for Klook’s success is his ability to extract VCs and funding. Within a year of its inception, Klook raised $ 1.5 million in seed capital from angel investor Wu Xiaoguang, a former Tencent executive. Last October, Klook secured $ 5 million in Series A funding from Matrix Partners.
Is Klook a good site?
The common question people ask is that some ticket prices can be cheaper than through the official websites of the vendors. For example, Klook is the cheapest place to buy a Japan Rail Pass. But in summary the answer is yes, Klook is legitimate!
Why do people use Klook? Klook helps you discover activities, attractions, theme park tickets and more in cities around the world at the best possible prices. With Klook’s help, all the frustrations of planning the trip are gone.
Is Klook a good app?
In general, I would say that Klook is legitimate, the only thing to keep in mind is that some activities, such as day visits, are done directly by Klook and some activities are provided by a third party service or operator, so it is important to check. Terms and conditions of return before booking, so you know what to do …
Is Klook an online travel agency?
Klook, an online travel agency focused on experience and attractiveness, has raised $ 200 million in funding.
