Velocity Ventures takes stake in big data and predictive analytics startup
SINGAPORE-based travel and hospitality fund, Velocity Ventures, has invested in ZYTLYN, a Switzerland-based startup that uses big data and machine learning to give companies the ability to optimise critical decision-making through predictive insights for travel demand.
Its proprietary prediction [...]
Labour, fintech & blockchain and loyalty – the 3 investment themes with velocity
Singapore-based travel and hospitality fund, Velocity Ventures, has picked three investment themes for the second half of 2022 – labour solutions, fintech and block chain solutions and brand growth and customer loyalty.
Supporting its thesis in its 2H 2022 Travel and Hospitality Strategy & [...]
The Wrap: Klook, STB join forces on travel recovery, rezio picks payments partner, AirJapan goes with Radixx,
Klook, STB sign deal to drive travel recovery
Klook and Singapore Tourism Board (STB) have launched a partnership to drive travel recovery across South-east Asia and promote Singapore as a destination. The partnership, launched in June 2022, builds on the collaboration agreement signed in 2020 and [...]
Tripbtoz, after Series B raise, looks to expand to Singapore, San Francisco
AFTER its Series B fund raise of six billion won (about US$4.6 million) last November, Seoul-based OTA, Tripbtoz, is planning to take its video-based travel app outside South Korea. To date, the startup, founded in 2017 by former Expedian Jiha Jung, has raised 10.5 billion won (about US$8 million).
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No Series B clinched yet, but founders of HalalBooking undeterred in goal to reach $1b target
“Being largely self-funded forces you to make tough choices”
TO raise venture capital or not to – that’s the question the two co-founders of HalalBooking, the UK-based search and booking website for halal-friendly travel, have wrestled with at various points of their eight-year startup jour [...]
Spotnana’s Sarosh vows not to be distracted by new $75m fund raise
20-year corporate travel veteran stays focused on three priorities – hire the right talent, deliver on product, grow customer base
“IT's only the beginning, there’s so much to do,” said Sarosh Waghmar, CEO and founder of Spotnana, laughing and shaking his head, when I congratulated him on [...]
KKDay secures $95m in Series C to accelerate tech and hyper localisation
TRAVEL experiences platform in Asia, KKDay, has secured additional funding in a Series C+ round, bringing the total Series C round raised to US$95 million. The round is led by major tech Asia private equity firm TGVest Capital to accelerate tech.
The injection will be used to expand KKday’s tea [...]
Can’t bear to leave your pets alone while travelling? Find a house sitter
Marketplace for “holiday pet sitting” raises $10m to spread the love, alpacas included
IMAGINE you’re leaving for a holiday and you don’t know what to do with your pets – be they lizards, snakes, dogs, cats, goats or even alpacas? You’d rather not leave them at a boarding place (who kno [...]
With $100m fund, 777 Partners eyes tech startups to “democratise” aviation
Top 1% control 75% of global aviation traffic – “we want to change that”, says Adam Weiss
AVIATION investment firm, 777 Partners, recently acquired two travel technology companies – AeroCRS and WorldTicket. The two companies join a growing portfolio of airlines and travel tech firms, includ [...]
Sequoia launches $850m SEA fund, Trip picks CHOOOSE
SEQUOIA Capital, marking its 50th anniversary, has raised $2.85 billion to fund Indian and South-east Asian startups. The fundraising is its largest so far for India and Southeast Asia.
A total of $850 million will go towards Sequoia's first fund dedicated to South-east Asia, Sequoia SEA Fund I.
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