Klook Raises $60 Million
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Klook Raises $60 Million

Klook Raises $60 Million

Hong Kong-based travel booking platform Klook has finished an almost $60 million series C financing round. Goldman Sachs joined as a sponsor, co-driving the round with existing financial specialists Sequoia Capital and Matrix Partners. This is likely the biggest investment round for a tours and activities organization to date.

The $60 million round overwhelms the past record for a tours and activities site – GetYourGuide’s $50 million round in 2015. It was just in March that Klook raised a $30 million series B round driven by Sequoia Capital China. The startup has raised $97 million to date.

Since that time the site and the application have tripled the number of “travel activities and services” that it offers purchasers. The organization generally covers Asia; however, it has stock in 120 places across the globe. It needs to develop its postings of tours, activities and services in North America, Europe and Australia.

Established in 2014, the organization said its pace of business has since accelerated. It recorded more than five million yearly trips in 2016. It had one million bookings in September 2017 alone, the organization confirms. Unlike contenders like GetYourGuide, Viator and Peek, the Klook app incorporates nearby travel and has a more extensive scope of stock at significant amusement parks. It also concentrates on utilizing QR code e-vouchers to coordinate with the Asia-Pacific inclination toward that technique for ticketing.

Founded by Ethan Lin and Eric Gnock Fah, Klook provides an in-destination services booking platform with a network of nearly 3,000 direct partners and 30,000 travel activities and services covering more than 120 destinations worldwide. The company has a team of more than 400 across 13 offices. With its ample funding and worldwide presence, Klook is pushing ahead in all possible directions.

Kashish Ambekar
Kashish Ambekar
Kashish moved to the United Arab Emirates from London after he graduated from UEL with a Masters of Business Administration specializing in Finance. Money smelled good, although tipping in rubies was a fortune in Dubai, which he couldn’t afford, let alone implement. India happened naturally by birth and the ever developing market proved no bounds in almost every Industry. The art of writing came naturally to him, short stories to professional articles in lieu of being therapeutic once, to a full time content writer. Currently he freelances as a content writer and is extremely devoted as his thoughts have found a way to be penned for technology in support to TechFunnel.com.

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