Klook is now officially valued at more USD1 billion, making the ‘in-destination services booking platform’, the Asian travel industry’s first ‘unicorn’* following a USD200 million raising this week.
The team at Kloook – founded by Eric Gnock Fah, Ethan Lin and Berbie Xiong – has got there in just four years and also claim its platform will transact almost USD1 billion in bookings this year.
The latest funding has been sourced from the likes of Goldman Sachs and TCV and means Klook has now raised a total of $300 million.
The new funds will be used to grow Klook’s presence in the UK and Europe by expanding its London and Amsterdam offices while there are plans to also set up a US base.
“Eric, Bernie and I founded Klook as a way to take the stress and guesswork out of what to do and see when you travel for extended vacations or a few hours of business downtime,” said Ethan Lin, CEO and co-founder of Klook.
“When we started, we never could have envisioned what a major need this was in the market.
“We now receive more than 16 million online visits on the Klook web site or mobile app on a monthly basis.
“We’re excited to team with TCV and our existing investors to bring this same experience to travellers in the US and Europe.”
Klook now sells more than 50,000 activities and services from 5000 travel service operators at 200+ destinations worldwide.
*A unicorn is a mythical beast and the tag given to startup tech companies that breach th