vtravel-250-million
News / Online
Vietnamese tech conglomerate, OTA operator raises $250M
By Mitra Sorrells | August 2, 2021
VNLife operates VNTravel, a Vietnam-based online travel agency with more than five million customers. Read More
TravelLocal raises £2.5M to expand tailor-made tours, merges with Trip.me
News / Online
TravelLocal raises £2.5M to expand tailor-made tours, merges with Trip.me
By Kevin May | August 2, 2021
The deal is being touted as a means to capitalize on the anticipated boom in demand with a "once in a generation" opportunity to bring two growing brands together. Read More
Vacasa plots public listing through SPAC merger
News / Online
Vacasa plots public listing through SPAC merger
By Kevin May | July 30, 2021
Trading under the ticker VCSA, publicly listed Vacasa is forecast to have a valuation of $4.5 billion as a result of the IPO and will generate $485 million in cash proceeds. Read More
exoticca-$30M-funding
News / Startups
Exoticca lands $30M investment to develop packages platform
By Linda Fox | July 30, 2021
Multi-day packages operator Exoticca has now raised a total of $53 million. Read More
Ixigo raises $53M led by Singapore's sovereign wealth fund
News / Distribution
Ixigo raises $53M led by Singapore's sovereign wealth fund
By Mitra Sorrells | July 29, 2021
The round also has participation from Bay Capital Holdings, IE Venture Fund, India Acorn Fund, Malabar India Fund and others.  Read More
amadeus-hopper-fintech
News / Distribution
Amadeus offers Hopper’s travel fintech products to intermediaries and airlines
By Mitra Sorrells | July 27, 2021
In a new two-way partnership Amadeus will offer Hopper’s fintech products to its clients while Hopper gains access to Amadeus’ car rental inventory.     Read More
travel-spac-update
News / Startups
Charting the rise of SPACs in online travel
By Linda Fox | July 27, 2021
About eight travel companies have exited via special purpose acquisition company in recent months, as other SPACs continue to eye the sector. Read More
U.K. banking app Revolut launches travel booking product
News / Technology
U.K. banking app Revolut launches travel booking product
By Jill Menze | July 22, 2021
Fintech startup Revolut has launched a travel product called Stays that allows customers to book trips and receive 10% instant cash back. Read More
miles-rewards-series-a
News / Online
Miles travel rewards platform raises $12.5M
By Mitra Sorrells | July 21, 2021
Miles, which allows users to earn miles for all forms of travel, has raised a total of $20 million since launching in 2018. Read More
OYO secures $660M loan, keeps focus on post-pandemic growth
News / Online
OYO secures $660M loan, keeps focus on post-pandemic growth
By Kevin May | July 19, 2021
The India-based company initially secured the agreement in May this year for the Term Loan B, a financial mechanism whereby the amortization is set for between five and eight years. Read More
nethone-fundraise
News / Startups
E-commerce fraud fighter Nethone raises $6.7M
By Mitra Sorrells | July 19, 2021
Nethone, a Poland-based startup that provides fraud protection technology for travel suppliers, says it will use the funding to accelerate its go-to-market efforts and to develop new features.   Read More
softbank invests in yanolja
News / Online
SoftBank invests $1.7B into South Korean travel platform Yanolja
By Jill Menze | July 16, 2021
According to Yanolja, despite the impact of the coronavirus pandemic, the company achieved both net growth and gains in operating profit last year. Read More
Expedia Group sells hotel operations platform Alice to ASG
News / Technology
Expedia Group sells hotel operations platform Alice to ASG
By Jill Menze | July 14, 2021
Expedia Group became a majority stakeholder in Alice after leading a $26 million funding round into the platform in 2017. Read More
Former Uber exec leads $17.5M round into autonomous traffic management platform NoTraffic
News / Technology
Former Uber exec leads $17.5M round into autonomous traffic management platform NoTraffic
By Jill Menze | July 14, 2021
NoTraffic uses artificial intelligence to modernize traffic management and save cities on infrastructure and traffic management costs. Read More
jtv-transparent-funding
News / Startups
JetBlue Technology Ventures invests in short-term rental analyst Transparent
By Mitra Sorrells | July 2, 2021
JetBlue Technology Ventures says the financing aligns with its goals of “reimagining the accommodation experience” and providing startup-led innovation for JetBlue. Read More