In Series C funding, Klook has raised nearly $60 million funding representing the largest in- destination service booking platform investment that by Sequoia China, Goldman Sachs, Matrix Partners and OurCrowd. Klook is set to use the funding for global expansion and accelerate product growth and innovation. Launched in 2014, Klook has 30,000 travel activities and has over 120 destinations worldwide and it also offers a seamless booking process with innovative technology that offers customers QR code e-vouchers and instant confirmation. Bagging over 1 million monthly bookings and serving over 50 nationalities, the majority of customers are from Asia. Some of these markets include Greater China, South Korea, Philippines, Thailand, and Indonesia which contribute 70% of the bookings. Klook is available in 7 different languages and is accepted over 30 currencies.
Klook has doubled its staff from previous 200 to 400 in 13 offices across Asia. With the new round of fund raised, Klook is focusing on North American, European and Australian customers coming to Asia and vice versa.
According to Eric Gnock Fah, Co- founder and President of Klook
“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. We are extremely excited at the potential of AI technology in reshaping a traveler’s experience when researching and booking a trip.”
Ethan Lin, another Co-Founder of Klook says that the mission of Klook is to empower every person to travel independently while all in-destinations being taken care of which would be the ultimate hassle-free experience and more time to enjoy the trip.
Founded in 2014, Klook has received awards including Forbes, Deloitte Fast Technology, Wall Street Journal, CNBC and many others. Its mobile application has also been awarded Best of the year by both Apple App Store and Google play and has 13 offices around the globe, hiring 400. Klook has risen close to $100 million investment from various investors.