Klook, the activity booking platform with a focus on the Asian market, has announced a new investment of $210 million in their Series E+ funding round. This funding is led by Bessemer Venture Partners, along with participation from BPEA, EQT, Atinum Investment, Golden Vision Capital, and funds from financial institutions such as Bangkok Bank (Finnovate), Kasikornbank, and SMIC.
According to Klook, the company’s revenue has tripled compared to 2019, before the COVID-19 pandemic. They have generated net bookings of over $3 billion per year and achieved profitability for the first time in the early part of this year.
Ethan Lin, CEO and co-founder of Klook, stated that during the pandemic, the company has expanded its digital presence, growing its travel business and rental services. This has enabled Klook to establish itself as a leader in the emerging trends of travel. The number of new customers has more than doubled in 2023 compared to 2019, and over half of the bookings come from repeat customers.
TLDR: Klook, a travel activity platform, has secured $210 million in funding, led by Bessemer Venture Partners. The company’s revenue has tripled compared to 2019, with net bookings exceeding $3 billion per year. Klook has also achieved profitability and seen significant growth in new customer acquisition and repeat bookings.
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