With blocks around the world, the COVID-19 pandemic has affected the travel industry in particular. In Asia, however, many startups are adapting by focusing on domestic activities (or “staycations”) instead of international trips. They include based in Taipei KKday, which announced today that it has closed a $ 75 million C series led by Cool Japan Fund and Taiwan’s National Development Fund. Existing investors Monk’s Hill Ventures and MindWorks Capital have also returned for the round.
Founded in 2014, KKDay will use its new funding above Rezio, a reservation management platform began piloting in March, starting with Japan and Taiwan.
Created for tour operators and business providers, especially those who previously operated primarily offline, Rezio can help reduce operating costs by allowing its users to set up a booking website that works with multiple payment gateways and manages them. availability following bookings from different channels. The latter is especially important during the pandemic because many locals have set capacity limits.
The company says Rezio has served more than 150,000 customers so far, and will be launched in more Asian markets with its C-Series funding. KKDay currently has more than five million users on its platform, and has welcomed more than 30,000 tours and other activities so far in 92 countries.
By May 2020, the company began to see more demand for local travel in Japan, Taiwan and Hong Kong. This parallels Klook, who have also seen an increase in the demand for “staycations” reservations. which helped him recover after his business was injured during the early stages of the pandemic in Asia.
In a statement, Cool Japan Fund CEO Kazushi Sano said his company has invested in KKDay because “we believe that KKDay’s strong execution and innovative mindset will drive the tourism industry in Japan even in conditions adverse “.