Malaysia-based tourism startup Tourplus has raised RM500,000 ($123,000) while private equity giant KKR & Co is looking to invest in a logistics centre based in Incheon, South Korea.
Tourplus snags pre-seed funding
Malaysia-based tourism startup Tourplus has raised RM500,000 ($123,000) from an undisclosed investor. The startup will use the funds to strengthen its operations in Southeast Asia, it said in an announcement last Friday (July 27).
Founded in 2014, Tourplus is an online marketplace that connects travellers with local tour guides. It also serves as a review site for private guides. It currently has over 1,000 tour guides across the region.
According to its website, it currently covers seven countries in Asia – Indonesia, Cambodia, Malaysia, Vietnam, Thailand, Taiwan and Myanmar.
KKR to invest in South Korean logistics centre
Private equity giant KKR & Co. is looking to invest in a logistics centre in Incheon, the capital city of South Korea, reported Pulse News.
It said Incheon Metropolitan City signed a memorandum of understanding with KKR and SK Incheon Petrochem Co. to build a distribution centre on 55,733 sq m located in Seo District, Incheon for 300 billion won ($270million).
KKR first launched a dedicated real estate platform in 2011 and has since invested over $5 billion across more than 60 real estate deals in the US, Europe, and Asia.