Tours platform Klook to go global after grabbing USD60 million in funding
Asia based tours and activities aggregator Klook has bagged $60 million in its latest funding round to fuel expansion beyond its core Asia markets.
Klook said it plans to expand to North America, Europe and Australia with new activities and tours for the growing outbound market in Asia.
It also plans to market its Asia tour product inventory to more inbound markets visiting Asia.
"This round of funding gives us additional resources to further strengthen our leading position in Asia while accelerating expansion into new markets and verticals," said Ethan Lin, chief executive of Klook.
It received the funding from prominent VC firm Sequoia Capital, Goldman Sachs and family funds in Asia.
It currently generates about one million bookings a month from attraction tickets, tours, activities and culinary experiences, mostly from Asian customers.
It now has 13 offices across the region with a workforce of 400.
"In addition to global expansion, we plan to use the funding to accelerate the development of travel technology, which is really the core of the company," said Eric Gnock Fah, co-founder and president.
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