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Miguel Cordon · · 1 min readProfitable travel giant Yanolja banks $1.7b from SoftBank’s Vision Fund 2
Travel and leisure giant Yanolja has raised US$1.7 billion in its latest round of funding as it keeps its profitability amid the Covid-19 pandemic.
More funding details
- Sole investor: SoftBank Vision Fund 2
- Stage: Unspecified
More company updates
- The Korean unicorn will use the money to scale its global business by investing in technologies and expanding its services in new markets.
- In particular, Yanolja said it plans to build and operate a more advanced global travel platform by levering AI and big data to personalize offerings for users, among other tasks.
- The company said it achieved net growth and made gains in operating profit last year despite the Covid-19 pandemic. Moving forward, it expects to continue its growth trajectory.
- Kim Jong Yoon, CEO of the company’s online business, told Tech in Asia last year that Yanolja was ready to go public “at any time,” as it was ramping up its expansion across Southeast Asia. (Read: Travel group Yanolja ramps up Southeast Asia presence as it prepares for IPO)
For more coverage of the company, head here. You can also click on the link below to view key details about the company as well as its funding history.
Editing by Collin Furtado and Eileen C. Ang
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