Twitter LinkedIn
    Friday, March 24
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Investments»SoftBank Vision Fund invests $1.7 bln in S.Korean travel firm Yanolja
    Investments

    SoftBank Vision Fund invests $1.7 bln in S.Korean travel firm Yanolja

    July 16, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    SoftBank’s Vision Fund has invested $1.7 billion in Yanolja, the South Korean travel and leisure firm said on Thursday, as it seeks to build on rapid pandemic-induced growth in Southeast Asia, India and Africa.

    Yanolja, which provides cloud-based booking and other systems for hotels and travel companies, says demand for its systems has jumped as the spread of COVID-19 put companies under intense pressure to introduce contactless services and cut costs. That in turn has made Yanolja a rare beast in the travel industry over the past year – a company which has seen earnings spike.

    “Powered by AI, we believe Yanolja is a leader in transforming the travel and leisure industry in South Korea,” said Greg Moon, Managing Partner at SoftBank Investment Advisers.

    Read more/Source: Reuters

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Capital Investments PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Private equity firms Apollo and KKR among those reviewing Silicon Valley Bank loans

    March 16, 2023

    Euroclear moves into $9.8 trillion private asset market with Goji buy

    December 21, 2022

    CAI raises over $1B for inaugural fund and co-investment programme

    November 18, 2022

    KKR looking to sell Canadian gas producer Westbrick for $1.13B

    November 18, 2022

    Comments are closed.

    Other Articles

    Ridgemont Equity Partners closes fourth fund at hard cap with $2.35B in commitments

    October 26, 2022

    Funding Circle and Waterfall Asset Management form £1bn lending partnership

    May 20, 2022

    Ackman stays mum on $4 billion SPAC target, says a second may follow

    March 30, 2021

    Israel’s Incredibuild raises $140 million in Insight-led funding round

    March 17, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?