Travel platform KKday, located in Taiwan, has received an undisclosed sum in series C+ investment from TGVest Capital.
The business has now received $95 million in series C capital due to the round.
Ming Chen founded KKday in 2014 intending to connect tourists with nearby excursions and activities. It operates in more than 90 nations.
According to KKday, its gross merchandise volume increased in June compared to pre-pandemic levels. According to the firm, user acquisition costs have decreased by two-thirds since Covid’s launch.
The company credited Rezio, its software-as-a-service solution for travel merchants, and its domestic travel business for the recovery. Over 1,600 shops and 2.7 million passengers have used Rezio so far.
The firm hopes to strengthen its technology, treble the number of its Rezio merchants, and continue employing thanks to the fresh cash. Concentrating on domestic travel, it aims to improve its position in regions like Japan, South Korea, and Taiwan.
The fundraising initiative coincides with a global “revenge vacation” trend despite impending inflation. Three out of four respondents indicated they were prepared to travel in 2022, according to a Booking.com poll with an Asia-Pacific emphasis. In Southeast Asia, Google recorded a 336 percent rise in “where to go” searches from March to April of this year over the same time in 2021.
