Thai travel tech platform Tourkrub raises $5m in Series B

Bangkok-based travel tech startup Tourkrub is reportedly raising $5 million in a Series B funding round from undisclosed investors, according to a statement.

The company’s fundraising round is followed by a $3 million funding by Thailand’s local travel group King Power Click, the statement added. SMEs Private Equity Trust Fund, the VC fund of the Government Savings Bank, also participated in the round, alongside Thai snack company Tao Kae Noi and 500 TukTuks.

Established in 2016, Tourkrub curates and offers corporate incentives, packaged tours, and private groups for outbound travelers.

The funds raised will be used to provide services for Southeast Asia’s outbound tourists, among others.

Citing data from Thailand Immigration Bureau, the firm said that Bangkok is the city hub for many outbound travelers going to other destinations, especially to neighboring countries including Vietnam and Myanmar.

Tourkrub founder and CEO Jakapan Leeathiwat said that for the past six years, outbound tourism has been booming with an 8.8 per cent annual growth on an average, on the backdrop of growing middle class, and baht appreciation, among other factors.

Besides Tourkrub, Thailand has a slew of travel tech startups including a marketplace for local tours in Thailand and SEA TakeMe Tour, online deals platform for multi-category SocialGiver, and high-end vacation rental platform UpStay.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.