Hangzhou-based flight-sharing platform Apin.com announced on January 3rd it has secured RMB 120 million in its series B funding round. The round was led by Meridian Capital China and Hongfan Tiansheng and followed by existing investors.
Apin.com focuses on providing smart flight-sharing service for group travelers that may overhaul the overall operation efficiency of the airline industry. The Hangzhou-based company aggregates customers’ demands in advance and then find the best group ticket matches for them through dynamic data analysis using a “multi-platform real-time inventory system”.
Apin.com helps to deliver instant match between suppliers and customers by identifying itinerary options best match customers’ demands, after collecting data through its SaaS “multi-platform real-time inventory system” and processing data with artificial intelligence. The platform could choose the best travel product for customers meeting their requirements.
By integrating resources from both supply and demand sides, Apin.com not only helps to help suppliers use up inventory, but also facilitates complicated online transaction process for travel agencies.
As a flight-sharing platform, Apin.com allows suppliers and travel agencies to access it. Suppliers can publish information about their inventory on the platform while travel agencies could make orders according to their needs.(Translated by Claire)