Purple Elephant Ventures raises $4.5M to build travel technology in Africa
Kenya’s startup studio Purple Elephant Ventures (PEV) has received $4.5 million in seed funding to push forward its mission to transform Africa’s tourism industry.
Purple Elephant Ventures aims to make Africa a leading player in regenerative tourism, focused on creating a travel sector that [...]
Private equity firm Creador acquires hospitality marketplace MG Group
B2B hospitality marketplace MG Group has been acquired by Creador, a Southeast Asia-based private equity firm for an undisclosed amount.
The acquisition sets up Indonesia-based MG Group, which claims to have a network of 350,000 accommodation suppliers and 8,000 buyers, for global expansion, a [...]
KKday secures about US$70 million to expand global reach via M&A, strategic partnerships
Travel experience platform accelerates growth across the Asia-Pacific region through AI investments, active M&A strategy, and partnerships in key markets
KKday announced that it has raised about $70 million in funding, marking a significant milestone in the company's global expansion strate [...]
Gambler, Promoter or Maker? How Klook’s Ethan Lin Defines the Next Era of Travel Entrepreneurship
When you look at Ethan Lin, CEO and co-founder of Klook, you might wonder: is he a gambler, a promoter, or a maker – the three archetypes described by Thayer Ventures’ Chris Hemmeter in this article, when describing the evolution of the travel entrepreneur over the last two decades. (See related [...]
GlobalTix closes Series B funding of S$6.5M led by Tin Men Capital
Singapore-based all-in-one ticketing platform gets fresh injection of funds to introduce AI advancements in the travel and tourism industry
GlobalTix, a ticketing software provider and marketplace distribution platform for the tourism industry, today announced the closing of their S$6.5M Series B f [...]
