SINGAPORE, DECEMBER 23. APR6/2023 /PRNewswire/ -- Klook, Asia's leading platform for experiences and travel services, has announced today that it has successfully completed a US$210 million financing round, a significant milestone in supporting business growth and strengthening financial stability. This round of equity funding was led by Bessemer Venture Partners, with participation from BPEA EQT, Atinum Investment and Golden Vision Capital as well as a number of corporate investment arms from Southeast Asia, including Krungsri Finnovate (under Bank of Ayudhya), Kasikornbank Financial Conglomerate, and SMIC SG Holdings.. In addition to Citi, JP Morgan, and Bank of America, the round also includes bank facilities. HSBC, Morgan Stanley, and J.P. Morgan
HSBC, Morgan Stanley, and J.P. Morgan
In many Asian markets, 2023 will be the year that marks the beginning of the travel recovery, with tourism figures and flight capacity both rebounding at a rapid pace. Despite this early stage in the market recovery, Klook has demonstrated remarkable business success, exceeding previous milestones with a threefold increase compared to 2019 and boasting an annualized gross booking value of US$3 billion, surpassing previous milestones. It is worth noting that the company also achieved overall profitability earlier this year for the first time.
The year 2023 marks the first year of travel recovery in many Asian markets, with a noticeable recovery in tourism figures and a gradual improvement in flight capacities. In spite of the early stages of market recovery, Klook has achieved extraordinary business success, surpassing previous milestones with a threefold increase in booking value compared to 2019, and exceeding a US$3 billion annualized gross booking value. In addition, earlier this year, the company achieved its first ever overall profit margin.

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