KKday bumps its Series C to $95 million as travel resumes

The travel landscape was completely different when the first part of the Series C was raised. With the addition of $20 million to the round, travel trends are changing, with more people going on domestic or international vacations. TGVest Capital lead the funding.

The new funding will be used to double down on expansion in key markets like Taiwan, Japan, Hong Kong, Korea and Asia. We are bracing for an influx of both domestic and international travelers as borders reopen.

In June 2022, the startup's gross merchandise value exceeded pre-COVID levels, and it also lowered its user acquisition cost by one-third. It is making more revenue than it has in the past.

Software engineers, research and development, business development and operations, and marketing are some of the departments that will use part of the funds to hire. The capital will be used to develop tech products for online travel agencies and merchants on the platform. According to the company, Rezio is used by 1,600 merchants around the world and reaches over two million travelers.

Rezio works with online travel agencies to increase their business. They are able to manage bookings across multiple channels.

Domestic travel in markets such as Japan, Hong Kong, Korea, Taiwan and Southeast Asia was the main growth driver for the company. Activity Japan, a tour and activity online travel agency, was acquired by it. The markets of Korea and Singapore are expected to see more activity.

As borders open, KKday plans to re-launch its owncurated experiences. A surge in both domestic and international travel is one of the trends he sees as travel restrictions are lifted. People who use online tools like KKday to plan their itineraries and save costs are called digital travelers.

Domestic travel has been a strong driver of our growth since we last talked. There was a surge in demand for local tours, activities and attractions. There were more experiences and activities in Asia-Pacific during COVID-19. We added 35,000 new things in Japan.

As borders reopen, travel demand is coming back at a fast pace. The constant focus on innovation and providing long-term value to itsecosystem of travel operators, activity providers, and users has proven paramount in weathering the COVID-19 wave.

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