Kuaizi Travel gets RMB10 million angel investment
Road trip vacation startup Kuaizi Travel confirmed that they had already received a RMB10 million angel investment from Meihua Venture Capital in September.
Nov, 19 – Road trip vacation startup Kuaizi Travel (Kuaizi means chopsticks in Chinese) confirmed that they had already received a RMB10 million angel investment from Meihua Venture Capital in September.
Meihua Venture Capital founding partner Shichun Wu could barely conceal his amusement as he recalled the first meeting with Kuaizi's founder Shuiwang Zhu. “He arrived late by almost an hour for our meeting without his name cards nor a business plan. I wasn’t expecting any surprises from him but after hearing him for about half an hour I had decided to invest and we quickly came to an agreement,” he said.
Securing two investments even before putting any products online has filled Kuaizi's founder with confidence for future development. Mr Zhu told the press two months ago that the company would start with a focus on road trip vacations in Tibet. Now Kuaizi has established a solid base in Tibet and is expanding to the global market for road trip vacations.
Kuaizi Travel combines the B2C and C2C models and selects the best local drivers in destinations worldwide for chartered tours. “After 10 years of traveling in tour groups with packed sightseeing itineraries, it's no longer enough and we want more comfortable and enriching trips. Having a reliable local driver will make the difference between enjoying the destination like a local or just being another rushed traveler,” Mr. Zhu told iHeima, a platform for budding entrepreneurs. “Kuaizi Travel is striving to make road trip vacations as easy and practical as using chopsticks,” he said.
Kuaizi Travel has already organized its offline resources and will hold an online product release event in the end of the month, simultaneously releasing its line of products on mobile and PC.(Translation by David)