With lockdowns around the world, the COVID-19 pandemic has hit the travel industry especially hard. In Asia, however, several startups are adapting by focusing on domestic activities (or “staycations”) instead of international travel. They include Taipei-based KKday, which announced today that it has closed a $75 million Series C led by Cool Japan Fund and the National Development Fund of Taiwan. Existing investors Monk’s Hill Ventures and MindWorks Capital also returned for the round.
Founded in 2014, KKDay will use its new funding on Rezio, a booking management platform it began piloting in March, starting with Japan and Taiwan.
Created for tour operators and activity providers, especially those who previously operated mostly offline, Rezio can help reduce operational costs by allowing its users to set up a booking website that works with different payment gateways and manage availability by tracking bookings from different channels. The latter is especially important during