Announced
Financials
Sources
Tags
South Korea
Minority
Pending
Acquisition
Venture Capital
Friendly
online travel agent
Private Equity
Travel and Tourism
Private
Single Bidder
Synopsis
Yanolja, the largest online travel platform in South Korea, raised $180m in a Series D round led by GIC and Booking Holdings. The new funds will be used to further innovate and achieve new grounds in hospitality-related technology to automate hotel operations and achieve more pervasive connectivity across the value chain. A portion of the newly raised funds will also be deployed to accelerate digitalization and achieve growth potential in the global travel and leisure market, going beyond the traditional travel sphere.
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