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Klook bags $100-M funding for Asia-Pacific expansion
The Philippine Star
|February 13, 2025
Booking app Klook has bagged $100 million in fresh investments from private equity fund Vitruvian Partners to finance its expansion projects in Asia Pacific, including in the Philippines.
Klook yesterday said it is receiving $100 million in new funding from Vitruvian Partners, providing the platform with enough cash to pursue its regional expansion.
Klook is preparing its war chest for the long-term growth of travel and tourism, as it aims to grab the biggest market share in the booking industry in the region.
Citing forecasts from the Pacific Asia Travel Association, Klook said visitor arrivals in Asia-Pacific would reach 762 million by 2026, from 619 million in 2024. At this rate, tourism will hit new highs, breaking pre-pandemic records in 2019.
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