Yanolja

Goldman Sachs and Morgan Stanley will be leading the public debut of the South Korean travel app, according to Bloomberg.

The travel industry is once again grappling with external challenges, as the tech winter has resulted in a substantial decline in funding.

We look at which startups in Korea have gotten the most amount of funding and check out the latest Indian edtech firm to join the unicorn club.

We look at 50 Korean tech companies with the biggest capital injections and a Singapore-based startup’s first moves into Indonesia and Malaysia.

The company said it achieved net growth and made gains in operating profit last year despite the pandemic.

Yanolja plans to use the funds to expand its business through M&A deals and to go public in the US as soon as 2023.

Zen Rooms co-founder Nathan Boublil will take over as CEO, while Yanolja’s Sean Sangjin Lee will be the company’s chief strategy officer.

The company is looking to list its Singapore subsidiary next year or in 2021.

The South Korean unicorn is on a mission to integrate the fragmented hospitality industry.

The latest deal involves an additional investment, acquisition of early investors’ stakes, and a strategic alliance.