The key players steering through Asia's travel tech funding slump

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The key players steering through Asia’s travel tech funding slump

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The key players steering through Asia’s travel tech funding slump

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Amid ongoing conflicts in the world, Asian travel tech startups saw a sharp decline in fundraising in 2023.

The region recorded a 10x drop in total funds raised this year compared to 2021, a record year driven by SoftBank’s US$1.7 billion investment in the South Korean travel app Yanolja.

Since 2020, travel tech companies based in China have closed the highest number of funding deals, while India has witnessed the most significant value.

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