Innovative online travel platform KKday announced that it has raised about $70 million in funding, marking a significant milestone in the company’s global expansion strategy.
This substantial investment supported by both new investors and existing shareholders, together with several credit lines from financial institutions, underscores the strong confidence in KKday’s vision and growth potential in the travel tech sector.
The financing includes commitments from Cool Japan Fund, Taiwan’s National Development Fund, ZUU & De Capital Fund, CHBVC, and Darwin Ventures, together with several credit lines from financial institutions.
The investment comes as KKday achieves all-time highs in monthly GMV generated by strong rebounding in domestic and international travel demand, paired with strict customer acquisition cost controls.
According to KKday founder and CEO Ming Chen: “This funding round is a testament to the trust our investors place in KKday’s vision and our ability to revolutionize travel experience for millions of travelers seeking new and unique experiences. We’re excited to leverage these resources to expand our footprint, invest in cutting-edge technology, and bring unparalleled travel experiences to a global audience.”
What happens next?
KKday will strategically allocate funds to fuel ambitious growth plans, including a significant portion earmarked towards mergers and acquisitions in the Asia-Pacific region to enhance the company’s market position.
To maintain its technological edge, KKday will heavily invest in artificial intelligence and research projects.
Additionally, the company aims to deepen its presence across the Asia-Pacific region by attracting top-tier talent in key markets, further solidifying its position as a leader in the travel experience sector.
In the B2B sector, KKday continues to innovate and expand its offerings.
The company’s rezio is revolutionizing operations for local experience suppliers by providing tools for real-time inventory management and dynamic pricing, enhancing efficiency and profitability for small to medium-sized tour operators.
This strengthened supplier network enables KKday to offer more diverse and authentic experiences to travelers.
Furthermore, KKday has established new integrations with industry leaders like Viator, GetYourGuide (GYG), Agoda, and Google Things to Do, expanding its global reach and product offerings.
Considering the substantial Japanese market
Tapping into Japan’s position as Asia’s premier travel destination, KKday has allocated significant resources to enhancing the company’s position in Japan with a focus on B2C products.
KKday has partnered with Jalan, Japan’s largest accommodation booking platform, offering users seamless access to nearly 10,000 Japanese accommodations directly through the KKday app.
Furthermore, a groundbreaking collaboration with Tabelog, Japan’s premier restaurant review platform, now allows KKday users to make reservations at over 42,000 popular restaurants across Japan, enhancing the culinary aspect of travel experiences.
These strategic collaborations further reinforce KKday’s reputation as a Japan travel expert, providing users with insider access to authentic and high-quality Japanese experiences that go beyond typical tourist offerings.
