- KKday announces a $75m Series C funding in order to focus on Taiwanese and Japanese ‘Staycations’
- KKday will use the funds for increasing tourism in Taiwan and Japan post COVID-19 Lockdown
- The KKday app will use Rezio, a reservation administration platform
Since the lockdown rules have become less lenient, ‘Staycations’ are becoming popular. Taipei based KKday received $75m as Collection C from the Cool Japan Fund and the Nationwide Growth Fund of Taiwan. The KKday app decided to encourage staycations to promote tourism within Taiwan and Japan. Traders like Monk’s Hill Ventures and MindWorks Capital were also involved in the Series C funding.
Started in 2014, the KKday App company plans on using Rezio, an administrative platform to book staycations. Since the COVID-19 Pandemic has struck, travel industries have begun focusing on staycations. Staycations enable traveling without having to go around cities – which could help tourism survive.
During May 2020, Taiwan and Japan saw an increasing demand for staycations back home. This meant that hotels would have to handle bookings, for which Rezio came into play. KKDay plans on focusing on staycations after they suffered massive losses due to the pandemic in Asia.
Cool Japan Fund’s Managing Director Kazushi Sano released an official statement regarding this. He said that the Cool Japan Fund hopes KKday can revive Japanese tourism after hostile situations. He also said that he hopes that this ‘modern’ mindset and robust execution will help the country’s tourism.
KKday plans on utilizing all the Series C funds to increase its international expansion. Rezio, the new booking platform will also be launched to be the main focal point of income for the Taiwanese giant.
“In our relentless pursuit to provide the best and seamless experience for any traveler, Covid-19 has pushed us to innovate. Rezio, we believe, will offer long-term value to travel operators, activity providers, and most importantly, their end users – travelers. We are also excited to continue expanding into new markets and to innovate new products and services with a traveler-focused mindset.” said Chen Ming-ming, Founder and CEO of KKday.