KKday, a Taiwan-based travel experience platform, has announced the completion of approximately $70 million in financing. The funding comes from Cool Japan Fund, Taiwan’s National Development Fund, ZUU & De Capital Fund, CHBVC, and Darwin Ventures, along with several credit lines from financial institutions.
The financing arrives as KKday experiences record highs in monthly gross merchandise value (GMV), driven by a resurgence in both domestic and international travel demand, coupled with stringent customer acquisition cost controls.
KKday plans to use the funds to support several strategic initiatives:
Mergers and Acquisitions: The company aims to enhance its market position in the Asia-Pacific region through targeted mergers and acquisitions.
Investment in Technology: Significant investment will be made in artificial intelligence and research projects to maintain KKday's technological edge.
Talent Acquisition: The company plans to attract top-tier talent in key markets to strengthen its presence across the Asia-Pacific region.
Ming Chen, founder and CEO of KKday, stated, "This funding round is a testament to the trust our investors place in KKday's vision and our ability to revolutionise travel experiences for millions of travellers seeking new and unique experiences."
In Japan, KKday has partnered with Jalan, Japan's largest accommodation booking platform, providing users with access to nearly 10,000 accommodations. Additionally, a collaboration with Tabelog, Japan's premier restaurant review platform, allows KKday users to make reservations at over 42,000 restaurants across Japan.
KKday's B2B service, rezio, is also making strides by offering tools for real-time inventory management and dynamic pricing, which enhance efficiency and profitability for small to medium-sized tour operators.
Founded in 2014, KKday offers over 350,000 unique experiences in more than 550 cities across 92 countries. The platform continues to expand its global reach and product offerings, solidifying its position as a leader in the travel experience sector.